What is tax amount in SAP SRD-CRM - CRM-Customer Relationship Management?

SAP Term: tax amount

• Component: SRD-CRM

• Component Name: CRM-Customer Relationship Management

• Description: An amount that is posted as input tax, output tax or withholding tax, for example, and sent to the tax authorities.

Smart SAP Assistant

• Key Concepts: 
  Tax amount is a term used in SAP Customer Relationship Management (CRM) to refer to the total amount of taxes that are due on a particular transaction. This includes any applicable sales tax, value-added tax (VAT), or other taxes that may be applicable. 
  
  How to use it: 
  In SAP CRM, the tax amount is calculated automatically based on the customer's address and the applicable tax rates. The tax amount is then added to the total cost of the transaction. The customer can view the total cost, including taxes, before completing the transaction. 
  
  Tips & Tricks: 
  When entering customer information into SAP CRM, it is important to make sure that all of the information is accurate and up-to-date. This will ensure that the correct tax amount is calculated and applied to the transaction. 
  
  Related Information: 
  The tax amount in SAP CRM is related to other terms such as sales tax, VAT, and other applicable taxes. It is important to understand how these terms are related in order to accurately calculate and apply the correct tax amount for each transaction.