United Kingdom 

Purpose

This country version is designed for use by businesses with operations in the United Kingdom. As well as the generic SAP system functions, it comprises functions designed for laws and business practices particular to the United Kingdom, 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 template. It does not cover the generic functions, which are described in the rest of the SAP Library.

Features

Country-Specific Functions

The system offers a number of features that are specifically designed to cover UK legal requirements and business practices, mainly relating to accounting. The main areas are as follows:

·        General Ledger(FI-GL)

¡        Reports for preparing financial statements in the format required

·        Accounts Payable(FI-AP)

¡        Payment methods

¡        Bank reconciliation

¡        Building societies

·        Taxes

¡        Value-Added Tax (VAT)

¡        Extended withholding tax

·        Bank Accounting(FI-BL)

¡        Transfer of bank data

·        Asset Accounting(FI-AA)

¡        Depreciation

·        Travel Management(FI-TV)

¡        Travel expenses

·        Materials Management(MM)

¡        Self-billing

¡        INTRASTAT

·        Payroll (PY)

¡        Payroll Great Britain (PY-GB)

Country Template

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