What is 'balance sheet for tax purposes' in SAP IM - Investment Management?

balance sheet for tax purposes - Overview

• Component: IM

• Component Name: Investment Management

• Description: A part of the year-end closing, which compares assets and capital using tax regulations. If an individual depreciation area is used for tax, this can be used when preparing the balance sheet for tax purposes.

balance sheet for tax purposes - Details

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  Key Concepts: 
  A balance sheet for tax purposes is a financial statement that shows the assets, liabilities, and equity of a company as of a specific date. It is used to calculate the taxes owed by the company. In SAP Investment Management (IM), it is used to track the financial position of an investment portfolio. 
  
  How to use it: 
  In SAP IM, the balance sheet for tax purposes is used to track the financial position of an investment portfolio. It includes all assets and liabilities related to the portfolio, such as investments, cash, debt, and equity. The balance sheet can be used to calculate taxes owed by the portfolio and to compare the performance of different investments over time. 
  
  Tips & Tricks: 
  When creating a balance sheet for tax purposes in SAP IM, it is important to ensure that all assets and liabilities are accurately recorded. This will ensure that taxes are calculated correctly and that performance can be accurately compared over time. 
  
  Related Information: 
  The balance sheet for tax purposes in SAP IM is closely related to other financial statements such as the income statement and cash flow statement. These statements can be used together to gain a better understanding of the financial position of an investment portfolio.