Magnetic Media Compliance Reports from Colombia in SAP S/4HANA: Reasons why you should install the solution in your system
Today we bring you some reasons why reporting magnetic media can be much easier with SAP. Get to know magnetic media compliance reports in SAP S/4HANA using the framework of ACR (Advanced Compliance Reporting).
In the video below, we show you the scope, the architecture, and the steps to implement the solution in your system.
The magnetic media compliance reports is developed in ACR framework, a robust tool that extracts information from the HANA database. This way, more than automatizing the extraction of data from your system, you are able to process data in great quantity in real time.
Once the solution is flexible in customizing, you can configure all VAT tax codes, withholding tax codes, and G/L accounts per report format (formato) and per item type (concepto).
When you install magnetic media compliance reports – which are available since the SAP S/4HANA 1610 release – you receive 7 report formats by default:
- 1001 – Payments in accounts and tax withholding in source – Payed
- 1003 – Withholding taxes – Payable
- 1005 – Deductible taxes on sales to be paid
- 1006 – Generated taxes on sales to be paid and consumption tax
- 1007 – Revenues in the year
- 1008 – Open items of balance debtors on December 31st
- 1009 – Liability balance on December 31st
On top of that, you can create reports that are specific to your context in the ACR tool as well, which brings simplicity to the processes you have in your company once you can have everything you need to report centralized in a single platform.
Besides, you can configure the access to the tool according to roles, which assurances security when processing and reporting your company’s data.
Did you like the solution? Check below the steps to implement it in your company:
Be our customer:
- Review your licenses with your account executive.
- Install our SAP Notes or Support Packages.
- Configure your data sources.
- Start executing the solution in ACR.
Be our partner:
Contact the LPM (local product manager) to obtain your license in ACR.
You find all the documentation for magnetic media compliance reports for Colombia in the SAP Help Portal, under help.sap.com/viewer/s4h_op_colombia.
If you have doubts about Magnetic Media in Colombia, you can also refer to SAP FAQ Note for Magnetic Media.
Are you missing any information about the magnetic media compliance reports? Let us know in the comments. Your doubt can be the subject of our next post.
Follow the Advanced Compliance Reporting tag to stay tuned on news about Magnetic Media in ACR for Colombia.
See you next time and stay compliant 😉,
#ACR #SAPGoGlobal #SAPLocalization
If you liked this post, you may be interested in this one as well: Magnetic Media Compliance Reports: Master Data for Business Partners
This post was translated from English into Spanish using the SAP Translation Portal. Check it out!