What is 'tax variance' in SAP SRD-SRM-SI - SRM-Supplier Invoicing?

tax variance - Overview

• Component: SRD-SRM-SI

• Component Name: SRM-Supplier Invoicing

• Description: A difference between the tax amount stated on a purchase order and the tax amount stated on the corresponding invoice.

tax variance - Details

• 
  Key Concepts: 
  Tax variance is a term used in SAP Supplier Invoicing to describe the difference between the amount of tax that was expected to be paid and the amount that was actually paid. This difference can be caused by a variety of factors, such as changes in tax rates or incorrect calculations.
  
  How to use it: 
  In SAP Supplier Invoicing, tax variance is calculated when an invoice is posted. The system will compare the expected tax amount to the actual tax amount and calculate the difference. This difference will be displayed in the Tax Variance field on the invoice.
  
  Tips & Tricks: 
  It is important to monitor tax variance closely, as it can indicate potential issues with invoices or with the tax calculation process. If a large variance is detected, it may be necessary to investigate further and make any necessary corrections.
  
  Related Information: 
  For more information on tax variance in SAP Supplier Invoicing, please refer to the SAP Help documentation.