Financials Expert Shows How to Use SAP’s Enhanced BKPF Table for VAT Liability-Based Reporting
This article shows how to use the SAP’s BKPF table enhancement designed for fulfilling European legal obligations.
Dedham, MA, August 24, 2011 --(PR.com)-- SAPexperts announces a new article, “Use SAP’s Enhanced BKPF Table for VAT Liability-Based Reporting” posted to its Financials Expert knowledgebase.”
The article explains how to prepare reports based on value-added tax (VAT) liability dates. In some European countries the legal restrictions have tightened. Normally in the standard SAP system (VAT) reporting is based on the posting date. However to comply with legal requirements in those countries the reporting must be based on the date the VAT liability arises.
SAP has added a new field to the financial document table BKPF to the system. This field makes it possible to use the tax reporting date with the addition of the VAT date to determine the currency rate to be applied. Bob Croce, product director of SAPexperts comments, “This article shows how to use the SAP’s BKPF table enhancement designed for fulfilling European legal obligations.”
The article is written by Kees van Westerop, Senior SAP Consultant, Kwest ConsultingThe article abstract is located at: http://www.financialsexpertonline.com//article.cfm?id=5961
About the Authors:
Kees van Westerop has been working as an SAP consultant for 20 years. He has an MBA degree in mathematics and a degree in finance. Kees has been concentrating on the financial modules, especially in general ledger accounting, cost center accounting, and consolidation. He also has a great deal of experience with rollouts of kernel systems and integrating finance and logistics.
About SAPexperts
SAPexperts consist of nine online knowledgebases produced by WIS Publishing – the leading independent provider of publications and educational events focused on SAP technology. The nine SAPexperts knowledgbases consist of Financials Expert, BI Expert, SCM Expert, HR Expert, CRM Expert, GRC Expert, Solution Manager Expert, Project Expert, as well as SAP Professional Journal. Access to the SAPexperts knowledgebases is obtained on an annual subscription basis. More information can be found at www.sapexperts.com.
About WIS Publishing
WIS Publishing is the premier independent provider of SAP training materials, with more than 250,000 customers in 61 countries. WIS Publishing is the publisher of SAPinsider, insiderPROFILES, and the SAPexperts publications, and is the producer of the SAPinsider conferences and the Insider Learning Network. For more information, visit http://www.insiderlearningnetwork.com.
SAP is a registered trademark of SAP AG in Germany and several other countries. WIS Publishing is not affiliated with SAP AG or any of the SAP AG group of companies.
Media Contact:
Tony Membrino
Marketing Director, SAPexperts
Wellesley Information Services
20 Carematrix Drive
Dedham, MA 02026
Phone: (781) 751-8668
tony.membrino@wispubs.com
###
The article explains how to prepare reports based on value-added tax (VAT) liability dates. In some European countries the legal restrictions have tightened. Normally in the standard SAP system (VAT) reporting is based on the posting date. However to comply with legal requirements in those countries the reporting must be based on the date the VAT liability arises.
SAP has added a new field to the financial document table BKPF to the system. This field makes it possible to use the tax reporting date with the addition of the VAT date to determine the currency rate to be applied. Bob Croce, product director of SAPexperts comments, “This article shows how to use the SAP’s BKPF table enhancement designed for fulfilling European legal obligations.”
The article is written by Kees van Westerop, Senior SAP Consultant, Kwest ConsultingThe article abstract is located at: http://www.financialsexpertonline.com//article.cfm?id=5961
About the Authors:
Kees van Westerop has been working as an SAP consultant for 20 years. He has an MBA degree in mathematics and a degree in finance. Kees has been concentrating on the financial modules, especially in general ledger accounting, cost center accounting, and consolidation. He also has a great deal of experience with rollouts of kernel systems and integrating finance and logistics.
About SAPexperts
SAPexperts consist of nine online knowledgebases produced by WIS Publishing – the leading independent provider of publications and educational events focused on SAP technology. The nine SAPexperts knowledgbases consist of Financials Expert, BI Expert, SCM Expert, HR Expert, CRM Expert, GRC Expert, Solution Manager Expert, Project Expert, as well as SAP Professional Journal. Access to the SAPexperts knowledgebases is obtained on an annual subscription basis. More information can be found at www.sapexperts.com.
About WIS Publishing
WIS Publishing is the premier independent provider of SAP training materials, with more than 250,000 customers in 61 countries. WIS Publishing is the publisher of SAPinsider, insiderPROFILES, and the SAPexperts publications, and is the producer of the SAPinsider conferences and the Insider Learning Network. For more information, visit http://www.insiderlearningnetwork.com.
SAP is a registered trademark of SAP AG in Germany and several other countries. WIS Publishing is not affiliated with SAP AG or any of the SAP AG group of companies.
Media Contact:
Tony Membrino
Marketing Director, SAPexperts
Wellesley Information Services
20 Carematrix Drive
Dedham, MA 02026
Phone: (781) 751-8668
tony.membrino@wispubs.com
###
Contact
WIS Publishing
Tony Membrino
1-781-751-8668
http://www.financialsexpertonline.com//article.cfm?id=5961
Tony Membrino
1-781-751-8668
http://www.financialsexpertonline.com//article.cfm?id=5961
Contact
Categories