on 08-17-2012 3:49 PM
Dear Experts,
Please assist in below scenario. Thanks.
SAP Version: 8.82 PL07
Local Currency: SGD
System Currency: USD
Exchange Rate: 1.237
Create Outgoing Payment Account Type
G/L Account 1 Tax Definition = NULL Net Amount = SGD 1305.78
G/L Account 2 Tax Definition = NULL Net Amount = SGD 316.22
The Journal Entry created:-
Acct Code | Debit (SGD) | Credit (SGD) | Sys. Debit (USD) | Sys.Credit (USD) |
---|---|---|---|---|
Bank | 1622.00 | 1311.24 | ||
G/L Account 1 | 1305.78 | 1055.60 | ||
G/L Account 2 | 316.22 | 255.64 |
Create Outgoing Payment Account Type
G/L Account 1 Tax Definition = ZI (0%) Net Amount = SGD 1305.78
G/L Account 2 Tax Definition = ZI (0%) Net Amount = SGD 316.22
The Journal Entry created:-
Acct Code | Debit (SGD) | Credit (SGD) | Sys.Debit (USD) | Sys.Credit (USD) |
---|---|---|---|---|
Bank | 1622 | 1311.24 | ||
G/L Account 1 | 1305.78 | 1055.60 | ||
GST Input | 0.00 | 0.00 | ||
G/L Account 2 | 316.22 | 255.63 | ||
GST Input | 0.00 | 0.01 |
Why the System Currency will be different when there is Tax Definition selected?
Any setting or workaround to this scenario?
Appreciate your help and thanks in advance.
Regards,
Lay Chin
Dear Lay Chin,
When Outgoing Payment posted to JE without Tax Definition, the 2 lines can be calculated together so that the last line will only need to be calculated as the remainder of the JE total.
However, when you add Tax Definition to the Outgoing Payment, system will calculate line by line. Because the actual result for the 2nd line is 255.6346, it will put the rounding difference to the GST line.
Thanks,
Gordon
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Dear Gordon,
Thanks for the explaination. It seems little.... weird by having 2 calculations within same screen and to have 0.01 rounding difference at 0% GST line.
It is mathematical correct but I wonder is it correct from finance perspective?
May I know will there be any setting can resolve this? If no, any adjustment should be done?
Thanks.
Regards,
Lay Chin
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