on 01-08-2012 5:01 AM
Experts,
I have a tax account(eg VAT 12.5%) which needs to be cleared.
What are the accounts do i need to maintain in OBA1, So that it will be helpful in clearing.
Do we need to maintain both local currency and hard currency.
Please explain in accounting aspect too
Sudhir Krishna Kumar Singh
Go to FS00 and enter your Tax GL account and company code
Go to Menu GL Account / change
Go to Control data tab and select Open Item Management and Line item display check boxes
Enter sorty key as 003 document date. Enter tax category as input or out put etc.,
Uncheck posting without tax allowed check box
Go to Create/bank/interest tab and do not select post automatically check box
SAVE
After making payment to tax authorities you can clear manually using F-03
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Hi:
You do not maintain it in OBA1 whose sole purpose is to FOREX related account assignment which results in automatic posting for foreign exchange rate related differences. For tax account clearing you can simply use F-03 to knock off debits and credits manually if your tax accounts in maintained on Open item management. Please check .
Regards
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Hi,
In OBA1.. give your chart of account and in screen after that select KDF, here standards advise you to maintain vendor/customer recon accounts and GRIR clearing accounts which involves foreign exchange transaction. Do not maintain anything in curreny e.t.c once you have maintained these account assignment you will have to select them one by one,double click and maintain accounts for automatically posting gains and losses on FOREX. These should be of profit and loss nature.Also maintain balance sheet adjustment account and now do postings in f-03. Hopefully this will resolve your issue.
Regards
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