Input Tax Account (SAP Library

Input Tax Account

Definition

A G/L account that you use to record input taxes on. In deferred taxes, there are two types of input tax account:

Original tax accounts

The tax accounts that you post deferred taxes to until the invoice has been paid. In Slovakia, these accounts start with the number 3431.

Target tax accounts

The tax accounts that you transfer the deferred taxes to once you have paid the invoice. These accounts start with the number 3432.

Use

Master Data

To create a G/L account, on the SAP Easy Access screen, choose Accounting ® Financial Accounting ® General Ledger ® Master Records ® Individual Processing ® Centrally.

To create original tax accounts, make the following settings:

On the Type/Description tab, select Balance Sheet Account.

On the Control Data tab:

In the Tax Category field, enter < (Input Tax).

Select Open Item Management.

Select Line Item Display.

On the Create/Bank/Interest tab, enter an appropriate field status group, such as G001.

To create target tax accounts, make the following settings:

On the Type/Description tab, select Balance Sheet Account.

On the Control Data tab:

In the Tax Category field, enter < (Input Tax).

Select Line Item Display.

On the Create/Bank/Interest tab, enter an appropriate field status group, such as G001.

Day-to-Day Activities

When you post a line item with a deferred tax code (for example, when you post a vendor invoice), the system records it on the original tax account.

Periodic Processing

When you run the Deferred Tax program, it transfers the tax that you have paid from the original tax account to the appropriate target tax account. You can then offset the tax from the target account against your output tax.