Exchange rate difference handling for deferred tax can be activated at any time, but once it is activated and transactions have been processed, then it cannot be disabled. It is not activated by default for either an existing or a new company.
Note
This function is only available for the following countries where deferred tax is supported: Costa Rica, France, Guatemala, Italy, Mexico, South Africa, and Spain.
The deferred tax method is set up as follows:
In
you have determined whether to manage a deferred tax system for customers, vendors, or both.In
you have defined whether to include each business partner in the deferred tax system.Since the reporting according to the deferred tax method is done by using special G/L accounts, in
, you have set up each tax code you want to include in the deferred tax system, and in a deferred tax account.From the SAP Business One Main Menu, choose
tab.Select the Apply Exchange Rate on Deferred Tax checkbox.
A new G/L account, Realized Exchange Diff. Gain/Loss on Deferred Tax, is added at company level. Exchange rate differences in marketing documents where deferred tax is applied are posted to this G/L account.
To see the newly-added account, from the SAP Business One Main Menu, choose
.Deferred Tax and Exchange Rate Differences: Costa Rica, France,