Posting the Tax Payable
Use
Normally, you cannot post directly to the output tax account. This means that the balance from this account cannot be transferred directly to the tax payable account. You can transfer these amounts in the following ways:
You generate a batch input session for the transfer posting by using the program for advance return for tax on sales/purchases.
You post the tax amounts to a tax payable account manually, using the
Post Tax Payable
program. The amounts transferred are not included in the advance report for the next month, since the document generated does not contain any tax information. From theSAP Easy Access
menu, choose
Accounting
Financial Accounting
General Ledger
Periodic Processing
Closing
Report
General Ledger Reports (New)
Post Tax Payable
.
Prerequisites
To be able to perform the
Post Tax Payable
program, you have to create a
tax payable account
in Customizing. The tax payable account itself must
not
be tax-relevant. You do this in Customizing for General Ledger Accounting (New) under
Periodic Processing
->
Report
->
Sales/Purchases Tax Returns
Define Accounts for Automatic Tax Payable Transfer Posting
.
The
posting keys
for G/L account postings, used to automatically post the tax payable, are already defined in the system. If you need to change these keys, you can do so in the IMG activity
Define Accounts for Automatic Tax Payable Transfer Posting
.
In the selection screen of the program, you can also specify a different account for the tax payable transfer instead of the account created in Customizing.
Features
Posting the Tax Payable and Document Splitting
If you use the report
Post Tax Payable
to make postings,
no
account assignments are generated (that is, none are transferred from the respective items) for the tax lines. The SAP standard delivery contains the business transaction
0500 (Advance Tax Return (Regular Tax Burden))
, which distributes the account assignments to the tax lines on the basis of the balance of the document splitting characteristic (of the leading ledger).
Note
This method does not completely credit the tax lines with the account assignments. For more information on how to achieve a complete account assignment, see SAP Note 889404.