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 Creating Correction Objects

Use

You create a correction object to group together data and postings relevant for input tax corrections.

Prerequisites

You made the necessary Customizing settings for correction objects. For more information, see Executing Input Tax Corrections .

Procedure

  1. To edit a correction object, in the area menu for input tax correction (REITMENUTC), choose Start of the navigation path Master Data Next navigation step Edit Correction Object. End of the navigation path

  2. Enter the following data:

    • Type of correction object

      The correction object type controls the length of the correction period (default value) and the account assignment for posting the input tax correction.

    • Company code

    • ID

      The Create Correction Object <ID> screen appears with the following tab pages:

General Data Tab Page

  1. Enter the central control data for the validity, such as, the date of first use.

    Note Note

    You enter the date of first use when the object has been used for the first time. Based on this entry, the system automatically proposes the correction period and sets the status of the correction object to For Correction .

    End of the note.

    The correction period for one-time corrections is automatically zero months (for current assets).

  2. For you to be able to assign a line item to a correction object later, you have to specify here that the account assignment object of this line item is an Allowed Original Account Assignment . The account assignment you enter is then copied to the list of assignments on the Objects tab page. If more account assignments are possible, then you can add them there.

    You can enter the following objects (allowed original account assignments) here and post to them later:

    • Business entity

    • Land

    • Building

    • Rental object

    • Real estate contract

    • Order

    • Project

    • Cost center

    • Asset

      It is not possible to enter settlement units as allowed original account assignments.

  3. If you want to be able to use the object that you entered as the allowed original account assignment as an account assignment object for the correction postings that are generated later, then choose Adopt as Acct Assgmt Object. Only adopt account assignment objects that exist throughout the entire correction period.

  4. Enter the time period in which the date of serviceof the account assignments is allowed to fall. The interval you enter controls the assignment of the documents. Documents that have a date of service outside of this interval are not allowed to be assigned to the correction object.

  5. If you really want the correction object to be subject to input tax correction (that is, you want it to be selected in the correction run), then set the status For Correction.

Option Rate Methods Tab Page

  1. Choose the option rate method you want the system to use for determining the option rate for input tax distribution and correction.

    1. In the case of a freely-defined method, enter the current option rate, which you want to use for the correction of the assigned document, as the option rate valid on the key date of the calculation.

    2. For the automatic methods, assign usage objects to the correction object. These usage objects are used for determining the option rate. To do so, the system determines the objects that are below the rental objects in the hierarchy.

Objects Tab Page

  1. Enter the following data:

    • The account assignment object (such as, the building) for the postings generated for the correction

    • The objects the option rate determination relates to. This could be a building or a number of rental objects from the building affected by the maintenance measure mapped by the correction object.

    • The original account assignments that you want to be handled together, such as, certain orders that are posted in conjunction with the measure

Correction Basis Tab Page

The input tax correction basis contains the fundamental data for the input tax correction. This consists of the total of all correction basis records, whether or not they were determined automatically or created manually.

  • Automatic correction basis records are determined automatically by the system for usage and correction objects as the sum of all of the assigned items.

  • You create manual correction basis records for certain situations, such as asset transactions, legacy data, or other data that is relevant for correction, but that is not represented in the system by accounting documents (with input tax). You enter the necessary correction basis data – net costs, total input tax, deducted input tax.

    For more information, see Determining Input Tax Correction Basis .

Resubmission Tab Page

For more information, see Resubmission .

Overviews Tab Page

You can display various reports, such as previous correction runs and the assigned original line items.

Save your entries.

Result

You created a correction object, thereby establishing the means for collecting line items that are subject to input tax correction as a group. You can determine option rates for the correction object. You can use these option rates for input tax distribution for the assigned line items. And you can use them later for the input tax correction.

You can now post documents and enter the correction object as an account assignment.

You can assign unassigned documents to correction objects .