Tax Code in Manual Bank Statement

[Ahmed_Adel]

Is there any way to enter a tax code for bank charges account in Manual Bank Statement ?

[JoeyLi · Accepted solution]

Hello, To my understanding, In SAP, the manual bank statement processing does not allow directly entering a tax code for bank charges account. The main reason for this is that the manual bank statement is mainly used for reflecting the bank's statement, and the bank does not calculate taxes. A workaround could be that you post the bank charges amount (including taxes) to a clearing account. Later, you can split this into bank charges (without tax) and tax amount using a separate FI posting where you can apply the tax code. However, this will make the bank reconciliation process more complex. Best Regards,

[Ahmed_Adel · Accepted solution]

Hello Joey, as you mentioned this will make the bank reconciliation process more complex, but I think this is the only way to record the tax on bank charges. Thanks Joey.