Displaying Taxes in SD

Use

In this process, you display the billing document that was posted in Posting Taxes in SD. Tax code S1 was automatically determined from the tax status of the material and the customer. Since tax code S1 is a taxable code, the system copied the tax jurisdiction code of the customer, IL0011000, and calculated state taxes at a rate of 6.25%.

Procedure

1. On the Create Billing Document screen, choose .
2. Choose Accounting.
3. In the dialog box, choose Accounting document.

The document overview appears. The accounting document created by billing should be as follows:

	Account	Description
DR	3050	Customer	4,038.56
CR	800000	Sales revenues (G/L account)	3,801.00-
CR	175001	State sales/purchase tax (G/L account)	237.56-

4. To display the tax data, choose Tax data.

The tax amount was calculated as follows:

Material price 3,801.00

Minus discount 00.00

Equals taxable value 3,801.00

Multiplied by tax rate 6.25%

Equals tax amount 237.56

The receivable amount was calculated as follows:

Material price 3,801.00

Minus discount 00.00

Plus tax amount 237.56

Equals receivable amount 4,038.56

5. Choose .
6. Choose .
7. To close the dialog box, choose .
8. Choose until the overview tree appears.