What is KPP number in SAP FI - Financial Accounting?

SAP Term: KPP number

• Component: FI

• Component Name: Financial Accounting

• Description: A tax number assigned by regional tax offices to companies for the purposes of collecting taxes levied at regional level, for example, VAT value-added tax, property taxes, and vehicle taxes.

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• Key Concepts: 
  KPP number stands for “Kontonummer Prüfziffer Prüfziffer” in German, which translates to “Account Number Check Digit Check Digit” in English. It is a unique number assigned to each account in the SAP FI Financial Accounting component. The KPP number is used to identify the account and to ensure that the data entered into the system is accurate. 
  
  How to use it: 
  The KPP number is used to identify an account in the SAP FI Financial Accounting component. It is used when creating new accounts, entering transactions, and running reports. The KPP number should be entered into the system when creating a new account and should be included in all transactions and reports related to that account. 
  
  Tips & Tricks: 
  When entering a KPP number into the system, make sure that it is entered correctly. If the KPP number is incorrect, it could lead to inaccurate data or incorrect reports. Additionally, make sure that all transactions and reports related to an account include the correct KPP number. 
  
  Related Information: 
  The KPP number is part of the SAP FI Financial Accounting component, which is used for financial accounting tasks such as creating accounts, entering transactions, and running reports. Additionally, the KPP number can be used in conjunction with other components such as Controlling (CO) and Materials Management (MM).