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.
- (1888PressRelease) August 23, 2011 - FDedham, Massachusetts - 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 Consulting
The 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.
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