Balance Sheet for Tax Purposes 

Use

Chile’s tax authorities (Servicio de Impuestos Internos) require you to file a balance sheet for tax purposes (balance tributario) in the prescribed format at the end of each fiscal year.

The balance sheet for tax purposes is more detailed than the general purpose balance sheet. It lists all G/L accounts with the following information for each:

·        Total amounts debited and credited to the account

·        Account balance before and after the trial balance

·        Profit or loss (revenue and expense accounts only)

Activities

You can prepare a copy of the balance sheet in the prescribed format using the Balance Sheet for Tax Purposes report. To access it, on the SAP Easy Access screen, choose Accounting ® Financial Accounting ® General Ledger ® Periodic Processing ® Closing ® Report ® General Ledger Reports ® Account Balances ® Chile ® Balance Sheet for Tax Purposes.

If you only want to prepare a balance sheet for up to a particular date in a fiscal year, enter the date in the Posting Date field. For example, to prepare a balance sheet for the fiscal year 2004 up to 30 November, enter data as follows:

·        Fiscal Year: 2004

·        Posting Date: 30.11.04