ASSIGN COUNTRY TO CALCULATION PROCEDURE IN FICO

Assaign Sales Tax Procedure:

In Financials we are going to Cover

1. General Ledger          2. A/c Payable      3. A/c Receivables       4. Asset A/c

Sale Tax is required for Both Accounts Payable and Accounts Receivbale. But system will not allow to enter any transactions in India ( for Country Code IN) withou Sales Tax Procedures even for General Accounts.

So, we assaign some Tax Procedure which is available in system temporarily. Afterwards, when we go for Accounts Payable , or Receivable we make our own Tax Procedures.

For Country IN--> Assaign Tax ProcedureTaxUS( Sales Tax USA) or TaxINN (Sales Tax India)---> as Temporary assaignment

PATH:    SPRO---->Financial Accounting---->Financial A/c Global Settings---->TaxonSales/Purchases---->Basic Settings---->Assaign Country to Calculation Procedure---->

Select Position Button            GiveCountry----> IN                   

Press Enter

For Counry IN                 Assaign Procedure  ---->   TaxUS-Sales Tax

Select Save Button or CTRL+S.  Press Enter to save in your request..