The difference between the 'bank-buying rate' & the 'bank selling rate' is known as the Exchange Rate Spread,
which remains almost constant. When you maintain the exchange rate spread, it is sufficient if you maintain the average rate for that currency in question in the system as you will be able to deduce the buying / selling rate by adding / subtracting the spread to / from the average rate.
SAP comes delivered with country-specific default Tax Reports to meet your tax reporting requirements. However, it is not uncommon to use third-party software for the same purpose. As a Drocess, it is recommended that the 'closing operations' are completed before running the tax reports. This will ensure that the system makes relevant adjustment entries (between payables and receivables, exchange rate differences etc) so that the correct tax amounts are reported.
which remains almost constant. When you maintain the exchange rate spread, it is sufficient if you maintain the average rate for that currency in question in the system as you will be able to deduce the buying / selling rate by adding / subtracting the spread to / from the average rate.
SAP comes delivered with country-specific default Tax Reports to meet your tax reporting requirements. However, it is not uncommon to use third-party software for the same purpose. As a Drocess, it is recommended that the 'closing operations' are completed before running the tax reports. This will ensure that the system makes relevant adjustment entries (between payables and receivables, exchange rate differences etc) so that the correct tax amounts are reported.
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