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tax codes

Former Member
0 Kudos

Hi All

we need to create a new tax code

GL account assignment for the new code should post foreign transaction to one GL

domestic to the other GL account

how to maintain two GL accounts for one Tax code

regards

prasad

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi Prasad,

Create the Tax code in FTXP and assign to the GL accounts, there is no restriction in assigning a code to more than one GL. For one GL you should keep the account currency as foriegn so that it does not allow posting in any other currency.

Regards

Bharat

Answers (1)

Answers (1)

Former Member
0 Kudos

Create a new tax code in FTXP. Enter a code which is not exiting for that procedure and press enter. it would take you to the tax code defination screen. Check whether its and input(purchase tax) or an output(sales) tax code from company pointof view.

Assign points if helful

Thanks

shravanthi