Remove Deductions Remove Events Remove Transactions
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Create Tax Content for Non-Localized Countries/Regions in SAP Cloud Applications Studio – Part 3

SAP Credit Management

Configure Tax Codes Tax Code is the unique combination of Tax Event, Tax Type, and Tax Rate Type codes for a particular country/region, for example, ‘Domestic Sale of Goods in Serbia, VAT charged at Standard Rate’. Tax Event Type Code: Specify the Tax Event Type Code according to your requirements.

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The Definitive List of 35 Home Business Tax Deductions

Fundera

But while there’s a wealth of information out there about tax deductions for business owners in general, when you run your business out of your home, it can be far more challenging to understand how some of those policies apply. If you or your spouse are 65 years or older, you can deduct expenses that exceed 7.5% Finance Deductions.

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FI – SD Integration – VKOA – Understanding Flow – SAP S/4HANA

SAP Credit Management

VKOA is the transaction code for FI-SD integration. If you access this TRANSACTION CODE, below screen will appear. Use Used by the system when creating an accounting document from a billing document to determine the revenue or sales deduction account. Allocate the G/L accounts for each access sequence. VKOA – Assign GL Accounts.

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VAT Support for EU Cross-Border Movement of Own Stock with SAP S/4HANA Cloud, Public Edition 2308

SAP Credit Management

Consequently, the intra-Community supply of goods is typically reported as an exempt transaction in the country from where the goods are dispatched. The standard practice for business-to-business (B2B) intra-Community transactions stipulates that the Supplier must issue an invoice with a 0% VAT rate for intra-Community supplies.

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7 Hidden Costs of Running a Small Business

Due

Merchant Fees Merchant fees, or credit card processing fees , are a percentage of each transaction charged by a merchant service (such as VISA, MasterCard, or American Express) to a vendor for processing credit card transactions. Additionally, when the transactions are processed can affect the fee.

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CO Account Assignment and Attribution with S/4HANA

SAP Credit Management

The journal entries for cost and event-based revenue recognition (EBRR) postings automatically derive the market segment. Together with these business transactions the system automatically creates additional revenue recognition postings to ensure costs and revenues are matching.

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The Ultimate Small Business Tax Preparation Checklist

Fundera

If you use your personal vehicle for business, deducting the standard mileage rate on your tax return is usually more beneficial than paying for actual vehicle expenses throughout the year. Even if you use your personal funds for business expenses, those expenses are legitimate tax deductions. Update your mileage log.