Friday, August 31, 2012

Define company code (OX02)


Company’s code is the smallest organisational unit in FI with contained accounts enabling the drawing up of financial statement and commercial requirement of the country wherein the companies code is operating. Each company code is assigned to an operative chart of accounts and fiscal year variant and the same chart of account and fiscal year variant can be used in more than one company code. Here all companies assigned same fiscal year variant will follow the same the business calendar.

Path: Spro → Img → Enterprise structure → Definition → Financial accounting → Edit, copy, delete, check company code (click on active button)
Double click on edit company code data
Click on new entries
Company code – TAST (any 4 digit of alpha numeric)
Company name – TATA STEEL
Street – Hydrabad
Country – IN
Currency – INR
Language – EN
Click on address field
Name
Title – COMPANY
Name – TATA STEEL
Search term – A
Street address
Street/house no – MG Road
Postal code / city – 123456 – Hydrabad
Country – IN
Region – 01 (Andra Pradesh)
Click on save

Note: just like you can create any number of company code like TATA MOTORS, TATA FINANCE, TATA CONSULTANCY etc. press F8 for next entry.
Come back in to easy access

Define Company (OX15)

A company in SAP – refers to the smallest organisational unit for which individual financial statement can be drawn according to the legal and commercial requirements. A company can accept more than one company code and also these companies code use the same operative chart of account and same fiscal year variant, in addition above these companies code can use different currencies also.

Path: Sap easy access → tools → customizing → img (implementation guide) → execute projects → eference img tab (spro) → enterprise structure → definition → financial accounting → define company

Click on new entries
Company – TATAGC (maximum 6 digit alpha numeric)
Company name – TATA GROUP OF COMPANIES
Detailed information
Street – MG Road
P.No – 12345
Postal code – 123456
City – Mumbai
Country – IN (India)
Language – EN (English)
Currency – INR (Indian Rupee)
Press enter key and click on save.
Note: when we click on save button system will display a request dailar box. Here we have to given the short description regarding what are the activities we had done in previous. Then system will create short description of our request number.

Short description creation

Click on create level (F8) → short description → company → click on save → click on continue (tick mark)
Come back to easy access


Friday, June 17, 2011

Compliance Services for Multinational Businesses

Tax department of multinational businesses face formidable challenges coping with the profusion of compliance requirements imposed by the countries in which they operate. Challenges means increasing number of rules, more exhaustive enforcement by tax authorities and staffing. Multinationals gain greater confidence in their level of compliance through improved data management and by validating data integrity and accuracy.

International Tax

International tax professionals help multinational companies reduce taxes on earnings.

Cross Border Tax

In India companies on a broad range of inbound and outbound tax issues, including structuring initial overseas investments, financing international operations, cross border transactions, management of the global effective tax rate and business re-structuring.

Saturday, June 11, 2011

Foreign Trade

In India year 2010-11 exports grew by 37.5 percent [Fastest growth since independence] and the amount is in US Dollar 246 Billion. Strong export growth performance over the last five months. Now  Commerce and Industry Ministry expecting the export target will be USD 450 Billion by year 2013-14.  

Core Sector in Indian Economy

Growth has been powered by sectors like crude oil, steel and power. However, performance of the coal sector is a reason for worry.