What is tax invoice in SAP FI - Financial Accounting?

SAP Term: tax invoice

• Component: FI

• Component Name: Financial Accounting

• Description: A document, whether separate or part of another document, that shows a value-added tax item and is submitted by a company to the relevant tax authorities to substantiate a tax return.

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• Key Concepts: 
  A tax invoice is a document used to record the sale of goods or services to a customer. It is issued by the seller and includes information such as the date of sale, the amount of the sale, and any applicable taxes. The tax invoice is used to calculate the amount of taxes due from the customer. 
  
  How to use it: 
  In SAP Financial Accounting (FI), tax invoices are created in the Sales and Distribution (SD) module. The invoice is created using the Sales Order document type and includes all relevant information such as customer details, product details, and any applicable taxes. Once the invoice is created, it can be printed or emailed to the customer. 
  
  Tips & Tricks: 
  When creating a tax invoice in SAP FI, it is important to ensure that all relevant information is included. This includes the customer’s name, address, and contact details; product details; and any applicable taxes. It is also important to ensure that all taxes are calculated correctly. 
  
  Related Information: 
  For more information on creating tax invoices in SAP FI, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide detailed instructions on how to create tax invoices in SAP FI.