You have to post acquisition tax for deliveries which originated in another EU country. You usually do this when you post the invoice. However, if you have posted a goods receipt without an invoice receipt, you can post the acquisition tax based on the goods receipt. This is done using the program which analyzes the GR/IR clearing account.

The data is posted to an interim account which you specify before you start the program. This G/L account must be tax-relevant. When you post data to this account, it automatically triggers the posting of acquisition tax and input tax. When you post the acquisition tax, the program uses the tax code from the goods receipt posting. For the input tax posting, you should enter a tax code with a zero percent tax rate before the program run.

The following example illustrates the procedure. To accurately display acquisition tax on the delivery of goods for which no invoice has been received, you have to make the following postings:

1. You have posted $1000 of goods received to the inventory account. The system automatically posts the transaction to the GR/IR clearing account.

2. In analyzing the GR/IR clearing account, the program makes a debit posting to an interim account for the tax base amount. This line item contains the acquisition tax code from the inventory posting.

3. The postings are then reversed on the date specified.

For postings, the program requires the entry of the following accounts:

• A correction account for the GR/IR clearing account. This account is listed in the balance sheet along with the GR/IR clearing account. The combined balance of the accounts is zero.
• Offsetting accounts for the goods received but not invoiced and the invoiced but not received goods. These accounts are used to correctly list these transactions in the balance sheet.

The numbers of these accounts need to be entered in the system. To enter the account number, in General Ledger Customizing, choose the activity Define Adjustment Accounts for GR/IR clearing.

For automatic postings from Materials Management, you also need to specify accounts. To do so, in General Ledger Customizing, choose the activity Define Accounts for Materials Management.

For the posting of acquisition tax, you need an interim account and a tax indicator using a zero percent tax rate.