Dear Subbarao Narne.
If you see the Tax related error message for the Lease-In contract to vendor(Landlord), you firstly
check the below configuration.
1) Define the Tax Type & Group
- Go to the RECACUST > Accounting > Automatically Generated Accounting Documents >
Taxes > Define Tax Types
: Define the tax type for each country key. (Lease-In : MVST)
- Go to the RECACUST > Accounting > Automatically Generated Accounting Documents >
Taxes > Create Tax Groups
: Define your tax groups. Then assign the corresponding tax code of FI module
- Go to the RECACUST > Accounting > Automatically Generated Accounting Documents >
Taxes > Default Value for Tax Rate per Contract Type (Optional)
: Default Value for Tax Rate per Contract Type (For each contract type, you specify here which
tax group and which tax type is proposed by the system when a contract is created.)
2) Assign Tax Codes
- Go to the RECACUST > Accounting > Integration FI-GL, FI-AR, FI-AP > Taxes > Assign Tax
Codes
: Assign a tax code in your accounting system to the tax types and tax groups that you defined
in Flexible Real Estate Management.
- Go to the RECACUST > Accounting > Integration FI-GL, FI-AR, FI-AP > Taxes > Assign Tax
Code (for FI Document)
: You have to make this assignment in order for FI documents to be correctly read in RE.
- Assign Tax Transaction Key
: This assignment is both country-dependent and time-dependent.
After checking of this configuration, when you create Lease-In contract, you can select the Tax Type & Group in the posting rule of posting parameter.
Regards,
Jeong, Yeong-Chul