Aim
In this article, you will learn how to create tax keys in the tax matrix, assign tax values and activate them for postings.
Step-by-step instructions
Create a new line
Click on Add to create a new row in the tax matrix.
Select control key
Select the desired control key.
Each control key may only appear once in the matrix.
Set percentage rate
Enter the tax rate as a percentage (e.g. 19% or 7%).
Assign accounts
Depending on the type of tax key, you must assign the following accounts:
Input tax account
Sales tax account
Both, if the key relates to both tax types
Only G/L accounts whose account indicator is marked as input tax or sales tax in the G/L account master are offered.
Other accounts and fields
We recommend that you also maintain the other fields.
VAT account, not due if you are working with ACTUAL taxation.
Cash discount account to use the automatic cash discount. The same tax key must be assigned to the cash discount account.
DATEV key to use DATEV exports and imports (e.g. annual financial statement export, wage import)
Save
Click on Save to save the assignment.
You can then use the tax key in postings.
Result
After saving, the tax key is active.
It automatically ensures the correct tax posting in your incoming and outgoing invoices.
Tags
#tax key #tax matrix #pre-tax #tax on sales #account assignment #posting