SAP takes care of tax calculation, tax postings, tax adjustments, and tax reporting through the three FI components; namely GL, AP, and AR.
SAP allows taxation at three levels:
As the requirement of tax configuration in SAP you should define the following;
As a part of reorganization and to better serve the customer needs, you are regrouping many of the customers. In SAP terms, you are changing the Sales Office, Sales Group and Customer Groups for specific Customer Master Records. Typically, you would maintain customer records with transaction XD02 to update ‘Sales View’. You would enter Customer Key (Customer No, Sales Organization, Distribution Channel, and Division) and update relevant fields on Sales View screen.
This document contains Step-by-step instructions to use LSMW to update Customer Master Records. It has two demonstration examples – one using Batch Recording and another using standard SAP Object.
A Client is the top-most organizational structure, which has its own set of master records. A Client is denoted by a 3-character alphanumeric code in SAP, and is a mandatory element. The settings made at the Client level, data maintained, etc., are available across all the Company Codes. A Client should have at least one Company Code defined.
SAP comes delivered with Clients 001 and 002, which contain all the default settings. Usually, copying from the default Clients creates additional and new Clients.
Typically, in SAP, you will have different ‘types’ of Clients; namely:
1. Development Client
2. Test Client
3. Production Client
‘mySAP ERP Financials’ is built on the NetWeaver platform, which is the foundation for service oriented business solutions, for deploying financial processes at a faster pace. Irrespective of the business type, mySAP ERP Financials is designed to support financial accounting requirements to provide a single complete platform to achieve excellence in accounting, performance management, financial supply chain, and corporate governance.