Posting Taxes in FI: Accounts Receivable in fico

Use

In this process, you post three separate accounts receivable invoices with different tax codes. The purpose of this process is merely to post the invoices in order to display the resulting documents and see how the tax was posted.

You post three separate invoices. The first invoice is liable for state sales/purchase tax only. The second invoice is liable for state and city sales/purchase tax. No tax at all is posted for the third invoice.

Procedure

1. Call up the transaction as follows:

Menu Path	Accounting ® Financial Accounting ® Accounts Receivable ® Document Entry ® Other ® Invoice - General
Transaction Code	F-22

2. Enter the following data:

Field	Data
Document date	Today’s date
Type	DR
Company code	3000
Currency/rate	USD
PstKy	01
Account for invoice #1	3000

3. Choose .
4. Enter the following data:

Field	Data
Amount for invoice #1	106.25
Tax amount	Leave blank
Calculate tax	Select
Tax code for invoice #1	S1
Bus.area	3000
PstKy	50
Account (revenue)	800200

5. Choose .

Note that the tax code was taken from the previous screen and the tax jurisdiction code appears as a default value from the customer master record.

6. Enter the following data:

Field	Data
Amount	*

7. Choose .

The system confirms that the document has been posted.

8. Make a note of the invoice number.
9. Repeat steps 2 to 9 for invoices #2 and #3.

Field	Data
Account for invoice #2	3330
Account for invoice #3	3000
Amount for invoice #2	107.00
Amount for invoice #3	100.00
Tax code for invoice #2	S1
Tax code for invoice #3	S0

10. Choose .

11. In the Exit Editing dialog box, choose Yes.