Two Gl accounts for single tax code. One for debit posting another for Credit posting.

[former_member623451]

Hi

My client is US client supported by Vertex as external tax system. The requirement is to post tax credits to a Gl account-1 and tax debits to GL account-2 with use of single tax code. In OB40 we do not have account determination for debit and credits separately.

Credit memo issue happens with a different pricing procedure from that of Invoicing pricing procedure. So I tried creating new account keys and assigning them to condition types XR1....XR6. Still it is not working.  

Cancellation of invoice triggers to same GL account to which invoice tax posting happens.

Tax debits can happen when there is a cancellation of invoice or credit memo issue for return of goods.

Is it possible to have different GL accounts separately for Tax credit and Tax debits? if so, how?

[Former Member]

Hi Srinivas,

Go to OB40 and double click on the transaction key for which you want to assign GL account then click on "Rules" and check whether "Debit/Credit" box is checked mark or not. Once it is checked mark then only you can assign 2 difference GL account for single transaction key based on Debit or Credit indicator.

Regards,

Virendra 

[former_member233382]

Hi Srinivasu,

Step 1) - Create tax codes for 1 for input 2 out put tax.(FTXP)

Step 2) - Create 2 gl accounts and assing tax codes.(FS00)

Step 3) - Maintain account determantion (OB40)

Step 4) - Making the invice give the line items tax codes.

Prabhakar

FICO.

[former_member233382]

Hi Srinivasu,

Please close the thread.

How to close a discussion and why