What is secondary event in SAP FI - Financial Accounting?

SAP Term: secondary event

• Component: FI

• Component Name: Financial Accounting

• Description: In Russia, a condition that you must fulfill so that you can: Offset the input VAT you pay on a purchase Qualify for zero-rated VAT on a sale On the purchases side, the first condition "primary event" is that you must pay the vendor's invoice. This condition applies to all purchases. Some kinds of purchases have a second condition, or "secondary event," attached to them. For example, when you purchase a new asset, you can only offset the input VAT after you pay the invoice and after you capitalize the asset. On the sales side, export sales qualify for zero-rated VAT if you can prove that you have submitted all the required export documents to the state.

Smart SAP Assistant

• Key Concepts: 
  A secondary event in SAP FI Financial Accounting is an event that occurs after the primary event. It is used to record additional information related to the primary event. For example, when a customer pays an invoice, the primary event is the payment of the invoice. The secondary event could be the recording of the customer's payment method or any other additional information related to the payment. 
  
  How to use it: 
  In SAP FI Financial Accounting, secondary events are used to record additional information related to a primary event. To create a secondary event, you must first create a primary event. Once the primary event has been created, you can then create a secondary event and enter any additional information related to the primary event. 
  
  Tips & Tricks: 
  When creating a secondary event, make sure that all of the information entered is accurate and up-to-date. This will ensure that all of the information related to the primary event is recorded correctly. 
  
  Related Information: 
  For more information on secondary events in SAP FI Financial Accounting, please refer to SAP Help documentation or contact your local SAP support team.