Singapore 

Purpose

This country version is designed for use by businesses with operations in Singapore. As well as the generic SAP system functions, it comprises functions designed for laws and business practices particular to Singapore, and a country template to help you customize the system according to local requirements.

This documentation explains how the country-specific functions work and what Customizing settings are made by the country template. It does not cover the generic functions, which are described in the rest of the SAP Library.

Features

Country-Specific Functions

Most of the country-specific functions for Singapore relate to Financials and Human Resources. The main areas are as follows:

·        The Financial Accounting (FI) component contains a number of country-specific features that allow accountants to prepare sales and goods tax returns; and calculate capital allowance for the preparation of income tax returns.

To keep track of your company's liabilities, accountants can use a Singaporean version of the standard Vendor Payment History report.

Additional features are provided for accounts clerks, so that they can post invoices net of tax and print customer invoices in Accounts Receivable (FI-AR) if you do not use Sales and Distribution (SD).

·        The Payroll Singapore (PY-SG) component allows you to remunerate your employees according to local requirements.

Country Template

To allow you to customize your Singaporean company codes more quickly, you can use the Singaporean country template in the Country Installation Program.