What is normal tax invoice in SAP FI - Financial Accounting?

SAP Term: normal tax invoice

• Component: FI

• Component Name: Financial Accounting

• Description: A tax invoice, in South Korea, issued for a transaction that is subject to VAT.

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• Key Concepts: 
  A normal tax invoice is a document used in SAP Financial Accounting (FI) to record the sale of goods or services. It is used to calculate the amount of taxes due on the transaction and to provide evidence of the sale. The invoice includes information such as the date of the transaction, the customer's name and address, the items purchased, and the total amount due. 
  
  How to Use it: 
  In SAP FI, a normal tax invoice is created when a customer purchases goods or services. The invoice is then sent to the customer for payment. The customer can then use the invoice to calculate any taxes due on the transaction. Once payment is received, the invoice can be marked as paid in SAP FI. 
  
  Tips & Tricks: 
  When creating a normal tax invoice in SAP FI, it is important to ensure that all information is accurate and up-to-date. This includes the customer's name and address, as well as any applicable taxes. Additionally, it is important to keep track of all invoices in order to ensure that all payments are received in a timely manner. 
  
  Related Information: 
  In addition to normal tax invoices, SAP FI also supports other types of invoices such as credit notes and debit notes. Credit notes are used when a customer returns goods or services, while debit notes are used when a customer requests additional goods or services. Additionally, SAP FI also supports other financial documents such as purchase orders and payment requests.