Tax Reconciliation Account Balance
Application component: Value Added Tax (VAT)
App type: Analytical
Line of business: Finance
Scope items: External Tax Audit|Accounting and Financial Close
Description:  With this app you can assess tax relevant postings to verify that tax relevant accounts are posted with tax attributes, and to check that app-calculated VAT amounts correspond with posted amounts. This app is available for the General Ledger Accountant (SAP_BR_GL_ACCOUNTANT) and External Auditor (SAP_BR_EXTERNAL_AUDITOR) roles. When the app is used by a user with the External Auditor role, you can impose a timeframe restriction to restrict the range of data that the auditor can see. All other features and functions are available to both generic role types. 
This app allows you to reconcile G/L accounts with tax data. It shows account balances of tax-relevant accounts created by tax-related postings. Furthermore, it checks the correctness of the tax calculation.
Key features:    Verify that tax relevant accounts are posted with tax attributes You can filter by a specific Company Code, Fiscal Year or Posting Date in order to verify that all postings on tax-relevant accounts (for example, the data reported in the current monthly VAT return) have been completed with tax codes. In addition, you can adapt the filters to your personal needs. If you require information below Company Code level, filters such as Business Place and Profit Center are available. When you select All Items in the Difference Mark field, the app displays a result list with a balance for each G/L Account on which postings have been made with tax entries in tax data table BSET. From here, you can compare the balances shown in the Tax Base Amount column with the balances shown in the G/L Account app. Where balances do not correspond, you can use the Display G/L Account Line Items app to isolate documents without tax codes and then decide if correction postings are required.   Verify that app-calculated VAT amounts correspond with posted amounts For each G/L account, the app shows the posted tax amount, the tax amount calculated by the app, and the difference between these two amounts. You can limit the result list to show only those lines where differences occur by selecting Items with Differences Only in the Difference Mark field. To investigate a line showing a difference, you can drill down to see the tax codes, and again to see data on the journal entry/document level. You can navigate to the Journal Entry app and continue your investigation to isolate the reason for the difference between posted and calculated amounts, for example, by checking related logistics documents. If you find that a difference in the amounts is due to an error, you can trigger correction postings.   Note The app does not support company code in the following countries:   Brazil   Canada   China (People's Republic)   India   United States   
Business roles: General Ledger Accountant| External Auditor
External Auditor : 
Reviews the accounts of organizations to ensure the accuracy and completeness of their financial records.

General Ledger Accountant : 
Carries out daily activities in general ledger, for example by recording transactions and making adjustment postings, and prepares financial statements.