What is time-dependent tax calculation in SAP FI-GL-GL - Basic Functions?

SAP Term: time-dependent tax calculation

• Component: FI-GL-GL

• Component Name: Basic Functions

• Description: A functionality that allows you to manage your tax rates and validity periods without creating new tax codes.

Smart SAP Assistant

• Key Concepts: 
  Time-dependent tax calculation is a feature of the SAP FI-GL-GL Basic Functions component that allows users to calculate taxes based on the date of a transaction. This feature is useful for businesses that need to accurately calculate taxes for transactions that occur over multiple periods. 
  
  How to use it: 
  To use time-dependent tax calculation, users must first set up the relevant tax codes in the system. Once the tax codes are set up, users can enter transactions with the relevant tax codes and the system will automatically calculate the taxes based on the date of the transaction. 
  
  Tips & Tricks: 
  When setting up tax codes, it is important to ensure that all relevant information is entered correctly. This will ensure that the system can accurately calculate taxes for each transaction. Additionally, it is important to regularly review and update tax codes as needed to ensure accuracy. 
  
  Related Information: 
  For more information on time-dependent tax calculation, please refer to SAP's documentation on FI-GL-GL Basic Functions. Additionally, there are many online resources available that provide detailed instructions on how to set up and use this feature.