What is non-deductible in SAP SBO - SAP Business One?

SAP Term: non-deductible

• Component: SBO

• Component Name: SAP Business One

• Description: A business expense that may not be deducted from income tax payments.

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• Key Concepts: 
  Non-deductible is a term used in SAP Business One (SBO) to refer to expenses that cannot be deducted from a company’s taxable income. These expenses are typically related to capital investments, such as the purchase of equipment or property, and are not considered deductible business expenses. 
  
  How to use it: 
  In SBO, non-deductible expenses are recorded in the general ledger and can be tracked in the system. When creating a journal entry, users can select “non-deductible” as the expense type. This will ensure that the expense is not included in the company’s taxable income. 
  
  Tips & Tricks: 
  It is important to keep track of non-deductible expenses in SBO, as they can have an impact on a company’s tax liability. It is also important to note that some expenses may be partially deductible, so it is important to consult with a tax professional when determining which expenses are non-deductible. 
  
  Related Information: 
  For more information on non-deductible expenses in SBO, please refer to the SAP Business One User Guide or contact your local SAP representative.