How to use FOVTIV11 - Overview adjustment methods

SAP Transaction Code - Details

• Transaction Code: FOVTIV11

  Description: Overview adjustment methods

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: FVVI

    Package Description: R/3 appl.dev. for Financial Assets Management: Real estate

    Parent Package: APPL

  • Module/Component: RE

    Description: Real Estate Management

Smart SAP Assistant

• SAP Tcode: FOVTIV11 - Overview adjustment methods

  
  Overview:
  FOVTIV11 is a transaction code in SAP that is used to adjust the overview of the value-added tax (VAT) returns. This transaction code allows users to view and adjust the overview of the VAT returns, which includes the total amount of VAT due, the total amount of VAT paid, and the total amount of VAT refunded. 
  
  Functionality:
  The FOVTIV11 transaction code allows users to view and adjust the overview of their VAT returns. This includes viewing and adjusting the total amount of VAT due, the total amount of VAT paid, and the total amount of VAT refunded. The transaction code also allows users to view and adjust any discrepancies between the amounts reported in the VAT return and those reported in other documents. 
  
  Step-by-step How to Use:
  1. Enter FOVTIV11 in the command field. 
  2. Select “Overview: Adjustment” from the menu. 
  3. Enter the relevant information for your VAT return, such as the period, company code, and country code. 
  4. Select “Execute” to view and adjust your VAT return overview. 
  5. Make any necessary adjustments to your VAT return overview. 
  6. Select “Save” to save your changes. 
  7. Select “Back” to exit the transaction code. 
  
  Other Recommendations:
  It is important to regularly review your VAT return overviews to ensure accuracy and compliance with local tax regulations. Additionally, it is recommended that users consult with a tax professional if they have any questions or concerns about their VAT returns or adjustments made using FOVTIV11.