What is international purchase account in SAP IS-OIL-DS-TDP - Tariffs, Duties and Permits?

SAP Term: international purchase account

• Component: IS-OIL-DS-TDP

• Component Name: Tariffs, Duties and Permits

• Description: The International Purchase Account is used to support the demands of excise duty registration that apply in France, Spain, Italy, Belgium, Argentina, Brazil, and specific other countries. The account is used to post the offset balancing posting when excise duty is posted during a goods receipt.

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• Key Concepts: 
  An international purchase account is a type of account used in the SAP IS-OIL-DS-TDP Tariffs, Duties and Permits component. This account is used to track the purchase of goods and services from international suppliers. It is used to record the cost of goods and services purchased from international suppliers, as well as any associated taxes, duties, and other fees. 
  
  How to use it: 
  The international purchase account can be used to track the cost of goods and services purchased from international suppliers. It can also be used to track any associated taxes, duties, and other fees. The account can be set up in the SAP system by entering the supplier’s name, address, and other relevant information. Once the account is set up, transactions can be recorded in the system. 
  
  Tips & Tricks: 
  When setting up an international purchase account in SAP, it is important to ensure that all relevant information is entered accurately. This will help ensure that all transactions are recorded correctly and that any associated taxes, duties, and other fees are accurately tracked. 
  
  Related Information: 
  For more information on setting up an international purchase account in SAP IS-OIL-DS-TDP Tariffs, Duties and Permits component, please refer to the official SAP documentation.