Showing posts with label Account Payable. Show all posts
Showing posts with label Account Payable. Show all posts

Sunday, 29 September 2013

How to bring net due date on FBL1n screen?

Scenario: How to bring net due date on FBL1n screen?
Solution : Go To FB00




Check mark this box and you will be able to see in the FBL1N Report.








Tuesday, 24 September 2013

Please arrange to create configuration for TDS 1% for 194IA applicable from 1st June

Scenario: Please arrange to create configuration for TDS 1% for 194IA applicable from 1st June


Solution: IMG -> Financial Accounting -> Financial Accounting Global Settings-> Withholding Tax-> Extended Withholding Tax -> Basic Settings -> Define Official withholding tax keys


W/hold Tax Type
VA
Invoice
W/tax Code
I5
Other
W/Tax Key
194IA
Sale on immovable property
Tax Rate
1.00%
W/hold Tax Type
VA
Invoice
W/tax Code
I6
Company
W/Tax Key
194IA
Sale on immovable property
Tax Rate
1.00%
W/hold Tax Type
VB
Payment
W/tax Code
A5
Other
W/Tax Key
194IA
Sale on immovable property
Tax Rate
1.00%
W/hold Tax Type
VB
Payment
W/tax Code
A6
Company
W/Tax Key
194IA
Sale on immovable property
Tax Rate
1.00%

New Transaction Codes

mySAP ERP comes with several new transaction codes that replace existing transaction codes


FAGLB03: Display Balances (New); replaces FS10N
FAGLL03: Display Line Items (New); replaces FBL3N
FB50L/FB01L: G/L Document Posting for a Ledger Group; replaces FB50/FB01
FAGL_FC_VAL: Foreign Currency Valuation (New); replaces F.05
FAGLF101: Sorting/Reclassification (New); replaces F101
FAGLGVTR: Balance Carry-forward (New), replaces F.16, GVTR, and 2KES

Differences between EFT and Wire Transfers



Question:  What are the differences between EFT and Wire Transfers? What file formats are used by each?


Answer:  The definitions of those terms can vary depending on the context. EFT -- electronic fund transfer -- is any transfer of funds that takes place electronically. Using a dictionary definition, it would include wire transfers. But a more limited definition of EFT is used under the Electronic Fund Transfer Act and Regulation E. That definition excludes transfers completed via major interbank wire transfer systems such as the Federal Reserve System's wire transfer system, and systems like SWIFT.

There is also the automated clearinghouse system for typically smaller electronic payments. These transactions are also EFTs under either definition when consumer accounts are involved. Each system that handles electronic transfers of either type has specific file format specifications.