How to Assign Country/ Region to Country to Calculation Procure in SAP After the configuration of the Tax Calculation Procedure, the next step is the assignment of the country to the calculation procedure. Taxes are determined on a country basis. India Country now uses GST tax, so any organization doing business in India should register for GST and configure the
Read more →Define Tax Procedure in SAP S/4Hana Each country consists of different types of taxes and tax procedure is defined for each country level in the SAP system. The tax procedure consists of control data that are required to calculate and post the GST tax on Sales and Purchases. Tax Procedure is one of the important configuration processes that we need
Read more →GST Account Determination in SAP S4 Hana The applicable GST tax amount must be posted to respective General Ledger (G/L) accounts in the SAP Hana system. To full fill this requirement, we need to configure the account determination for SAP GST. The automatic account determination is configured by linking the GST G/L accounts to GST account keys. The Account Determination
Read more →How to define G/L Accounts for taxes in SAP S/4HANA When you are posting any GST documents, the respective GST tax amount (input GST or Output GST) must be posted into the respective G/L accounts. In order to fulfill this requirement, we need to configure account determination by assigning the G/L accounts to the GST transaction keys. In the SAP
Read more →How to Define Account keys for GST in SAP S/4Hana The account keys enable the determination of the G/L accounts to post the GST tax amounts to the respective G/L accounts in the SAP system. In order to meet the business requirements, we need to define the following account keys for GST implementation in SAP S4Hana. A/R Input Condition Types
Read more →Define Business Places in SAP S/4Hana In this SAP tutorial, you will learn how to create a business place that is needed for your company. You can create business places in SAP S4Hana by using the following navigation SAP IMG Path: SPRO > SAP Reference IMG > Cross Application Components > General Application Functions > Business Place > Define Business
Read more →In this SAP tutorials, you will learn What are payment terms in SAP, How to create new terms of Payment, What are the default values are maintained at payment terms? What are Payment Terms in SAP In SAP, Payment terms are also called as Terms of Payment. Payment terms are the conditions that are agreed with the business partners (Customers
Read more →After defining the customer account groups and number range intervals for customer accounts, the next step is the assignment of the number range to customer account groups in SAP S4 Hana. You can assign customer number range intervals to more than one customer accounts group as per the requirements of an organization. The assignment of number ranges to customer account
Read more →After the creation of vendor accounts groups and number ranges for vendor accounts, the next step is the assignment of number ranges to vendor account groups. In SAP S4 Hana, the assignment of number ranges to vendor accounts is a important configuration steps in vendor data management that enables the number assignment for a vendor master record. In SAP system,
Read more →The customer account number ranges are created at the client level, so the same customer number ranges can be assigned to more than one company code in the SAP S4 Hana system. In these tutorials, we are going to create number ranges for customer accounts. To do this, maintain 2 character key with details of Number range interval – From
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