Tax with SAP S/4HANA: Configuration and Determination

This book provides comprehensive guidance on tax compliance in SAP S/4HANA, covering configuration, direct and indirect tax determination, reporting, and monitoring requirements. It also highlights SAP tax solutions and third-party tax solutions.

Format: Hardback
Length: 565 pages
Publication date: 22 September 2022
Publisher: SAP Press

Tax compliance is of utmost importance, and this comprehensive guide provides you with the essential guidance you need for direct and indirect taxes in SAP S/4HANA. By understanding the organizational structure of your tax setup, you can effectively configure standard tax settings in your system. Follow step-by-step instructions for both indirect and direct tax determination, ensuring you meet all tax reporting and monitoring requirements.

This book covers a wide range of topics, including add-ons, custom coding, and project management, making it your go-to resource for global tax. Whether you're a tax professional or a business owner looking to streamline your tax processes, this book has you covered.

In Chapter 1, "Organizational Structure," you'll delve into the fundamentals of tax setup, including the definition of tax types, tax authorities, and tax groups. You'll learn how to define and maintain these components in SAP S/4HANA, ensuring accurate and efficient tax management.

Chapter 2, "Configuration," takes you on a journey to tailor tax settings to your exact specifications. You'll explore how to customize standard settings for financial accounting, sales and distribution, and materials management, ensuring seamless integration with your tax requirements.

Chapter 3, "Direct and Indirect Taxes," walks you through the tax determination process step by step. You'll learn how to set up indirect tax determination for purchasing, sales, and special processes, as well as how to configure direct tax decision parameters and key fields in the general ledger, tax ledger, and more.

Chapter 4, "Reporting and Monitoring," delves into your reporting and monitoring requirements for taxes. You'll explore SAP tax solutions such as SAP Advanced Compliance Reporting and SAP Tax Compliance, as well as third-party tax solutions from Vertex, Thomson Reuters, and more. Discover the features and benefits of these solutions, and learn how to implement them effectively in your tax management strategy.

Highlights of this book include:

1. Organizational Structure: Gain a deep understanding of the tax setup's organizational structure, including tax types, tax authorities
authorities, and tax groups.

2. Configuration: Customize tax settings to your exact specifications, ensuring seamless integration with your financial accounting, sales and distribution, and materials management.

3. Indirect Tax Determination: Walk through the tax determination process step-by-step, covering purchasing, sales, and special processes. Set up indirect tax determination for each of these areas, and configure key fields in the general ledger, tax ledger, and more.

4. Direct Tax Determination: Learn about direct tax decision parameters and configure key fields in the general ledger, tax ledger, and more. Understand the tax determination process and how to set up direct tax determination for your business.

5. Tax Engines: Explore the tax engines used in SAP S/4HANA, including the tax engine for indirect tax determination and the tax engine for direct tax determination. Understand how these engines work and how to optimize them for your tax management needs.

6. Tax Reporting: Understand your tax reporting requirements and explore SAP tax solutions such as SAP Advanced Compliance Reporting and SAP Tax Compliance. Discover the features and benefits of these solutions, and learn how to implement them effectively in your tax management strategy.

7. Indirect Tax Monitoring: Gain insights into indirect tax monitoring, including the use of user exits, tax postings, and tax determination. Learn how to set up and maintain indirect tax monitoring in SAP S/4HANA, ensuring accurate and timely tax reporting.

8. Project Management: Explore the role

This book is a valuable resource for tax professionals and business owners alike who are looking to streamline their tax processes and ensure compliance with global tax regulations. With its comprehensive coverage of add-ons, custom coding, and project management, it provides you with the tools and knowledge you need to navigate the complex world of tax management in SAP S/4HANA with confidence and efficiency. Don't miss out on this essential guide to global tax!

Weight: 363g
Dimension: 254 x 178 (mm)
ISBN-13: 9781493222452