What is tax configurations in SAP BNS-CON - Concur?

SAP Term: tax configurations

• Component: BNS-CON

• Component Name: Concur

• Description: The system configuration for tracking value-added tax.

Smart SAP Assistant

• Key Concepts: 
  Tax configurations in SAP BNS-CON Concur Expense are used to define the tax rules and regulations that apply to a company’s expenses. This includes setting up the tax rates, tax codes, and other related information. The tax configurations are used to ensure that all expenses are properly taxed and reported in accordance with the applicable laws and regulations. 
  
  How to use it: 
  To set up tax configurations in SAP BNS-CON Concur Expense, first select the “Tax Configuration” option from the main menu. From there, you can enter the applicable tax rates, tax codes, and other related information. Once all of the information is entered, you can save the configuration and it will be applied to all expenses going forward. 
  
  Tips & Tricks: 
  It is important to keep your tax configurations up-to-date in order to ensure that all expenses are properly taxed and reported. It is also important to review your tax configurations periodically to make sure they are still accurate and compliant with any changes in the applicable laws and regulations. 
  
  Related Information: 
  For more information on setting up tax configurations in SAP BNS-CON Concur Expense, please refer to the official documentation provided by SAP. Additionally, you can contact your SAP representative for assistance with setting up or troubleshooting your tax configurations.