the input tax in SAP Business One refers to the sales tax that companies pay on their purchases and for which they have a credit amount can apply for. The system automates the calculation and administration of input tax through defined Input tax code.
Main features
- Input tax codeManage different tax rates and types. They are used in purchasing documents to automatically calculate input tax.
- Standard licence plateCan be stored in the business partner master data for articles and services.
- Tax categoriesSales and purchase documents can be linked to specific tax categories.
- Deduction limitationHospitality expenses are not subject to any input tax deduction restrictions.
Tax management in SAP Business One
- Tax definitionsCustomisable to regional requirements and basis for accounting transactions.
- Tax reportsSupport the analysis and monitoring of input tax paid, e.g. through the tax reconciliation report.
- Input tax validation: In the Income statement (P&L)) to check expense accounts.
Versino Financial Suite
the Versino Financial Suite for SAP Business One supports input tax management through automated postings and accruals. It facilitates the correct recording and posting of incoming and outgoing invoices, optimises DATEV-compliant accounting and ensures transparent, error-free input tax reports. This reduces manual errors and makes the accounting process significantly more efficient.
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