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Tax code for opening balances

Hi All,

I am trying ot import opening balances for customers using oInvoices DTW template.

ALso setting up a suspense a/c for the same.

But while importing the system demands Tax code to be set.

If I leave it blank it gives an error. And if I set a dummy (0%) tax code it does not allow to import.

Can anybody suggest for the tax code stuff.

Former Member
replied

Ajit,

Let me first correct the Statement from Jimmy "Tax code must be 8 characters".

The maximum length permitted for a Tax Code is 8 Charecter. You can set your Tax code as '0' or 'EX' or 'EXEMPT'

I am not sure how different in SBO 2005 B is but I am saying this by reading the notes.

I believe you will have to first setup a Tax type using

Administration > Setup > Financial > Tax > Tax Type

then define a Tax Code determination using Administration > Setup > Financial > Tax > Tax Code Determination

and then finally define a Tax Code Administration > Setup > Financial > Tax > Tax Codes

This Tax code has to be used in the Document_Lines template

Suda

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