Tax Accounts 

You define the tax accounts by entering the characters specified below in the Tax category field. In doing so, you also determine which tax type (input or output tax) is displayed on the account. The possible entries are:

Indicators in tax accounts

Indicator

Meaning

<

You can only post to this tax account with an input tax code.

>

You can only post to this tax account with an output tax code.

 

For the tax accounts, you must also decide how the account should be posted to: manually or only by the system. You determine the type of posting by means of the entry in the Only automat. post. field.

You should ensure that the Only automat. post. indicator is set for all output tax accounts. Manual posting to the tax account is only necessary in exceptional cases, such as when posting a tax adjustment.