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Chapter 16 ■ Customizing Special G/L Transactions
Figure 16-10. Special G/L accounts for vendor down payment requests
Save
your work.
Define Account for Tax Clearing (Vendor Down Payments)
Depending on your country’s legal specifications, the tax entered for down payments will be posted to the
tax clearing account you define here.
Problem: Your client wants a tax clearing account that will enable them to display gross
down payments in the vendor accounts in order to meet legal requirements. Your task is to
define a clearing account for down payments made that will enable your client to achieve
this objective.
To define an account for tax clearing for your vendor down payments, follow this menu path: IMG:
Financial Accounting (New) ➤ Accounts Receivable and Accounts Payable ➤ Business Transactions ➤
Down Payments Made ➤ Define Account for Tax Clearing. Or use transaction code OBXD.
The Configuration Accounting Maintain: Automatic Posts – Procedures screen is displayed. From the
Procedure list, select Input Tax Clearing on Down Payments by clicking on it and clicking the Choose
button. The Chart of Accounts Entry screen pops up. Enter your chart of accounts ID (CA90) in the Enter
Chart of Account field and click the Continue button to proceed to the Configuration Accounting
Maintain: Automatic Posts – Rules screen. Click the Input Tax Clearing checkbox. Click the Save button.
The Configuration Accounting Maintain: Automatic Posts – Accounts screen is displayed. Enter Input Tax
type V in the Input Tax Type field and enter the appropriate G/L account number (159010) for input tax
clearing on down payments. Click the Enter button and then save your work.
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