Tax-code assignment with Chart of Accounts??

[Former Member]

I see that after I created a new Tax code n FTXP there is 'TAX Accounts' tab which asks the chart of accounts. So, what is the difference between assigning the tax code here in 'TAX Accounts' tab and assigning tax code directly in FS00??

Are both pointing at same tax accounts or will there be a difference???

[Former Member · Accepted solution]

So in FTXP 'Tax Accounts' tab is just for COA

while in FS00 its more about complete assigning the Tax accounts in GL for each tax code(as per their input/output logic)? Am i right??

[Former Member · Accepted solution]

Hi

In FTXP itself you do the complete assignment.

When you are in FS00, you specify if the account is a tax account (it has tax entries) or an account on which tax is applicable. If you specify a specific tax code here, you can post to the account only with that tax code.

To make it simple, say you have account A. You have option of leaving the tax category blank(if tax is not applicable) or choose '-' meaning that the account can be posted to only with input tax codes or specify a particular tax code say E1 in which case, the account can only be posted to with E1 tax code.

Regards

Sowmya

[Former Member]

Thank you guys

[Former Member]

Hi

Please mark the appropriate answers as helpful and correct and close the thread.

Regards

Sowmya

[Former Member]

Hi

.

In FTXP we create Tax code and assign the GL account under the Chart of account in Question

In FS00, you can specify if the account is a tax account (it has tax entries) or an account on which tax is applicable. If you specify a specific tax code here, you can post to the account only with that tax code.

Regards

Praveen P C

[former_member222241]

Hi,

In case you assign tax code directly to tax G/L then you will have to enter each time same tax code for any transactions you do but sometimes it don't work as in case of TAXINN procedure as it is condition based and whenever you have to do manual adjustments suppose to these tax G/Ls SAP will not post as it will not find necessary condition.

In addition to it in case of TAXINN procedure many create only one G/L VAT account and assign tax code in condition so in this case posting will not place in case if we maintain tax code in G/L master..

Regards,

Tejas

[Former Member]

Hi Ashik,

In tcode FTXP to define tax code, the system ask you to assign the GL for tax code (before that you need to specify COA). This configuration is specified which account will be recorded for this tax code.

Some tax codes can be assigned to the same GL account.

In tcode FS00 to define GL account, in tab control data, the system will ask you to specify the tax category. If you choose the tax code correctly, it mean the GL account is assigned to this tax code only. Normally, we only classify based on whether it allows input or output tax or both. That's why we can assigned GL account for some tax codes.

Regards,

Julie