Seperate account receivable for tax

[Former Member]

Hi,

Following is the business scenario mentioned below for which I would appreciate your suggestions.......

Posting to accounts:

Customer account: 13000+

Tax Gl account: 300-

Rev. account: 10000-

From the above, instead of having the combine receivable(Net value + Service tax) against one customer account. Can we have postings to two seperate GL accounts where we can post Net value to one AR account and tax receivable to another account.

The reason being, if the user receives part of the invoice value then propartionately he wants to divide the posting between Net value & applicable tax for the value seperately.

Regards,

KK

[Former Member · Accepted solution]

Hi,

You can assign account key ERL in transaction VKOA and assign a revenue account to that. Then the system will capture the values.

For tax you can do the tax configuration in transaction OB40 and the systen will assign the tax values to relevant account thorugh this configuration.

If this configuration is missing then you can assign a tax account to account key ERS in transaction VKOA.

Reward points if it helps.

Regards

Karan