What is electronic tax return in SAP FI - Financial Accounting?

SAP Term: electronic tax return

• Component: FI

• Component Name: Financial Accounting

• Description: ELSTER stands for electronic tax return and describes a procedure according to which companies in Germany must send their tax data to the tax offices. The legal requirement for the procedure is tax changing law 2003. This affects the Financials and Human Capital Management areas. As of January 1, 2005, the advance tax return for tax on sales/purchases Financials, employment tax notification and employment tax statement Human Capital Management are to be transferred electronically to the official clearing house according to the Elster procedure.

Smart SAP Assistant

• Key Concepts: 
  An electronic tax return is a document that is used to report taxes to the government. It is an electronic version of the traditional paper tax return and is used by businesses and individuals to report their taxes. In SAP Financial Accounting (FI), an electronic tax return is created using the Tax Return Wizard. 
  
  How to use it: 
  In SAP FI, the Tax Return Wizard can be used to create an electronic tax return. The wizard will guide you through the process of creating the return, including entering information about your business, such as income, expenses, and deductions. Once the return is completed, it can be submitted electronically to the government. 
  
  Tips & Tricks: 
  When creating an electronic tax return in SAP FI, it is important to make sure that all of the information entered is accurate and up-to-date. Additionally, it is important to keep track of any changes that are made to the return after it has been submitted, as these changes may need to be reported to the government. 
  
  Related Information: 
  For more information on creating an electronic tax return in SAP FI, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide guidance on filing taxes electronically.