on 04-07-2015 3:17 PM
Hi Experts,
Our Client has one leading ledger (0L) and two non-leading ledgers N1 (IFRS) and N2 (GAAP) for reporting purpose. These 3 ledgers has configured under 2 ledger group "G1" which is assigned with 0L and N1(IFRS) and "N2" ledger group is assigned under 0L and N2(GAAP).
In these context, client want to post specific transaction through FB01L with G2 ledger group.(which tagged with 0L and N2). whenever they posting with specific group ledger, tax code field was not appearing during posting document. Moreover, when I am trying to post same entry without specifying ledger group, then tax code field was active and ready to input. Further, Tax category settings was marked in respective GL master.
Now i would like to understand below questions?
1. Do we need to set any configuration to activate tax code for non-leading ledgers?
2. Does GAAP requries reporting with local tax codes?
Please revert, if anyone has come across this scenario?
Santosh
Hi Santosh,
FB01L can be used to post only in some ledger group by entering a ledger group in the initial screen. But please bear in mind that postings that are tax relevant have to be done in all ledgers. For this reason, for postings in a ledger group, the system will not consider the tax category of the accounts as per system design.
And from financial business point of view, any data which is tax relevant must be reported in tax report in general ledger, and it is not allowed to post to specific ledger only.
Ledger-specific postings can't be tax-relevant so when a document is posted to a specific ledger in FB01L, there is no tax code field available for normal G/L account.
I hope this information can help you further.
Regards,
Monika
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HI santosh ,
Please refer the below OSS note this will solve your problem
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