You use this program to time-stamp the accounting documents that you want to include in the VAT summary lists. The program time-stamps all of their VAT items with a date and time.

Then, when you execute the VAT Summary Report, you enter the date and time of the time stamp on the selection screen. The report then selects only the tax invoices that you have time-stamped. This ensures that you only report each tax invoice once to the National Tax Service.

To access the time stamp program, from the SAP Easy Access screen, choose Accounting ® Financial Accounting ® General Ledger ® Reporting ® Tax Reporting ® Korea ® Summary Reports ® Tax Invoice Tax Stamp Report.

Using the program, you generate a list of all of the accounting documents that contain VAT line items that have to be reported to the National Tax Service. You can then time-stamp all of the documents before proceeding to the VAT Summary Report. If you need to, you can also change or reset a time stamp.

Note that the documents that this program shows are accounting documents, not tax invoices.

When you generate the list of accounting documents, you can display it in two different formats, either using the SAP List Viewer, or in the official format as the detailed summary list. If you choose the detailed summary list, it lists all of the accounting documents and you can select the ones that you want to time-stamp. This format is best suited to checking and correcting accounting documents. If you choose the SAP List Viewer, the system time-stamps them all automatically. This format provides a clearer overview of all of the VAT items for the business place.

When you run the program in update mode, it creates a batch input session to transfer the input and output tax to the tax payable account.