How to use RFKRSUM - VAT Summary Report (South Korea)

SAP Transaction Code - Details

• Transaction Code: RFKRSUM

  Description: VAT Summary Report (South Korea)

  Release: S/4HANA and ECC 6

  Menu Path:

  • Accounting > Financial Accounting > General Ledger > Reporting > Tax Reports > Korea > Summary Reports > Tax Invoice Summary Report

• • Program: RFUMSV45R

    Screen: 1000

    Authorization Object:

  • Development Package: ID-FI-KR

    Package Description: FI Localization (South Korea)

    Parent Package: APPL

  • Module/Component: FI-LOC-FI-KR

    Description: Financials South Korea

Smart SAP Assistant

• SAP Tcode: RFKRSUM - VAT Summary Report (South Korea)

  
  Overview:
  The SAP transaction code RFKRSUM is used to generate a VAT Summary Report for South Korea. This report provides an overview of the value-added tax (VAT) collected and paid by a company in South Korea. 
  
  Functionality: 
  The VAT Summary Report provides a detailed overview of the VAT collected and paid by a company in South Korea. It includes information such as the total amount of VAT collected, the total amount of VAT paid, and the net amount of VAT due or refundable. The report also includes details about the types of transactions that were subject to VAT, such as sales, purchases, and other transactions. 
  
  Step-by-step How to Use: 
  To generate the VAT Summary Report using the SAP transaction code RFKRSUM 
  1. Log into your SAP system and enter the transaction code RFKRSUM in the command field. 
  2. Enter the date range for which you want to generate the report. 
  3. Select the type of transactions you want to include in the report (e.g., sales, purchases, etc.). 
  4. Click “Execute” to generate the report. 
  5. The report will be generated and displayed on your screen. 
  
  Other Recommendations: 
  It is recommended that you review the report carefully to ensure that all transactions are accurately reflected in it. Additionally, it is important to ensure that all relevant taxes are included in the report, as this will help you accurately calculate your total tax liability for South Korea.