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The field for the tax category in the reconciliation accounts plays a special role. Your specifications affect the vendor or customer account when posting is made. You have two options with this field:

  • You can use it to hide the Tax code field for posting to the vendor or customer account if you do not have to post taxes on sales/purchases.

If you want to allow for this option, you must not make an entry in the Tax category field in the master record of the reconciliation account.

  • You can have the Tax code field output as ready for input when posting to the vendor or customer account. If you enter a tax code in the open item account item, it is defaulted in the asset and G/L account items posted subsequently. This is useful when you enter several line items with the same tax code.

If you want to allow for this option, you must enter one of the following characters in the Tax category field in the master record of the reconciliation account:

Indicators in reconciliation accounts

Indicator

Meaning

-

Only postings with input tax codes are allowed.

+

Only postings with output tax codes are allowed.

*

All tax codes are allowed.

If you enter one of the above indicators in the master record of a reconciliation account, the Tax code field is output with the default value ** when line items are entered.