How to Create Tax Account Keys in SAP S4 HANA, using T code: OBCN.
In this blog you can able to understand the creation of Account Keys and we are creating…
| Account Key | Description |
|---|---|
| SOG | Output Tax – State GST |
| COG | Output Tax – Central GST |
| SIG | Input Tax – State GST |
| CIG | Input Tax – Central GST |
What are Output and Input taxes.
- Output Tax: It is the liability arising from the sale of taxable goods and services, payable to the government.
- Input Tax Credit: It is the tax paid on business purchases, eligible for deduction against output tax liability.
Go to T code: OBCN.
Click on New Entries.
- SOG – Output Tax State GST
Enter the details like Account key name, Description, Tax type (Input or Output), Separate line item.
Click on save button.
Customizing request popup will come, select your request and click on continue.
Like above create the remaining Account keys.
- COG – Output Tax Central GST.
- SIG – Input Tax -State GST.
- CIG – Input Tax Central GST.
Successfully created
SAP Tax Configuration
- Calculation Procedure of Tax Procedure includes
- How to Create Access Sequence Keys (OBYZ) in SAP S4 HANA: Click here
- How to Create Condition Types (OBYZ) in SAP S4 HANA: Click here
- How to Create Account Keys (OBCN) in SAP S4 HANA: Click here
- How to Create Tax Procedure (OBYZ) in SAP S4 HANA: Click here
- How to Maintain the Tax Procedure at Country Level (OBBG) in SAP S4 HANA: Click here
- How to Create Tax Code (FTXP) in SAP S4 HANA: Click here
- Assign GL Accounts to Account Key (OB40) in SAP S4 HANA: Click here
- How to Maintain Tax code in GL Account in SAP S4 HANA: Click here
SAP FICO Configuration topics:
- SAP Finance Enterprise structure: Click here
- SAP Finance GL Accounting: Click here
- SAP Finance Accounts Payable: Click here
- SAP Finance Accounts Receivable: Click here
- SAP Finance Bank Accounting: Click here
- SAP Finance New Asset Accounting: Click here
- How to Create a Controlling area in SAP: Click here
- SAP Controlling – Cost Element Accounting: Click here
- SAP Controlling – Cost Center Accounting: Click here
How to Create Tax Account Keys in SAP S4 HANA – OBCN
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