FIN Posting and Taxes

Hi everyone, There is a new functionality for the Account Balances and Auxiliary Accounts regarding the plus and minus sign inversion in these reports. In this blog post, we will go through: Some background information How it was before the new... Read More »

¡Hola a todos! Do you want to read this blog post in English? Click here! Manteniendo la serie sobre los formatos de informe que recibe de forma predeterminada al instalar los informes de conformidad del soporte de datos magnético. En esta... Read More »

¿Quiere leer este post en español? Hi everyone, Keeping on with the series about the Report Formats you receive by default when you install the Magnetic Media Compliance Reports. In this blog post we will address the VAT higher than Cost Amount in... Read More »

Do you want to read this blog post in English? Click here! ¡Hola a todos! Continuando con la serie de formatos de informe que recibe por defecto al instalar los informes de conformidad de medios magnéticos, hoy hablaremos sobre el formato 1001. Si... Read More »

¿Quiere leer este post en español? Hi everyone, Continuing with the series about the Report Formats you receive by default when you install the magnetic media compliance reports, today we will talk about the 1001 report format. If you have missed... Read More »

This blog post will inform you about electronic files modification for 1099-MICS and 1099-NEC Withholding Tax Returns. The Internal Revenue Service (IRS) has published the specifications for electronic files for the fiscal year 2021. These changes... Read More »

My name is Ingrid Macova. I am a Product Manager for the SAP Business ByDesign. My colleagues and I were asked many times how the financial consolidation process works in the SAP Business ByDesign. This blog post is relevant for companies that are... Read More »

I am a Product Manager for SAP Business ByDesign in financials. The objective of this article is to inform you that a new field “Prior Year Indicator” was introduced and what is the reason for that. For the US, when filing withholding... Read More »

The objective of this blog post is to inform you that in SAP Business ByDesign 21.08 release you can find updated print-forms for 1099-NEC Withholding Tax Return and 1099 – MISC Withholding Tax Return. The Internal Revenue Service (IRS) has... Read More »

The objective of this article is to explain why a new Income Type “Fish Purchased for Resale” was introduced in SAP Business ByDesign. The Internal Revenue Service (IRS) has published the tax print-forms for the fiscal year 2021. These... Read More »