In this transaction you are able to assign country to a tax calculation procedure. There are countries as US for which few tax procedure exists and you have to consider which one suits best your needs. Also there are cases in which you could have to use a custom tax procedure which you have to assign here. Transaction: OBBG IMG Path: Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Tax on Sales/Purchases -> Basic Settings -> Assign Country to Calculation Procedure Table: T005, T005T   When you open the transaction, you have to …

SAP is coming with tax procedures for every major country, but there could be cases where you have to define or change custom one. It is not advisable to change default tax procedures as they are updated by SAP patches. Transaction: OBYZ IMG Path: Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Tax on Sales/Purchases -> Basic Settings -> Check Calculation Procedure Tables: T682Z, T682I, T682, T683, T683S, T685A   If you start the transaction by typing OBYZ, then you will get following pre-selection screen.   If you use the IMG Menu, you …

In this transaction you should assign tax codes which will be used for non-taxable transactions. Almost every country has business and/or government transactions for which not input or output tax should apply. Transaction: OBCL IMG Path: Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Tax on Sales/Purchases -> Posting -> Assign Tax Codes for Non-Taxable transactions Table: T001   When you open the transaction, find your company code and assign tax codes for input and output taxes as well as enter an jurisdiction code if such is necessary.

Transaction: OB58 IMG Path: Financial Accounting (New) -> General Ledger Accounting (New) -> Master Data -> G/L Accounts -> Define Financial Statement Versions Tables: T011, FAGL_011PC, FAGL_011QT, FAGL_011ZC   When you enter into the transaction, you will see the list of Financial Statement Versions. You could either create a new related to your chart of accounts or edit an existing one.   When you are in the new entry screen you should maintain the field according to your requirements and then click on “Fin. statements items” button which will redirect you to assignment of the …

There are cases where users will get messages which will prevent them from processing a particular document types through specific transaction. With this transaction you will be able to change the error to warning or completely suppress it as a note. You will also be able to turn warnings into errors which will prevent posting. Transaction: OBA5 IMG Path: Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Document -> Default Values -> Change Message Control for Document Processing Table: T100C     First you will have to choose an Application Area which you …