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Receivables accounting rules depending on tax point basis

edited Jul 17, 2024 11:23AM in Subledger Accounting & Accounting Hub 2 comments

Our client has 3 divisions which are conveyed by their first segment on the accounting key. The division is a BSV. They have three following divisions:

  • DC250: for contracts
  • DM250: for maintenance
  • DK250: for the technical division that should centralize the tax and the payments.

All the Payables and Receivables transactions are entered on the divisions DC250 or DM250, including the interim tax.
On a receivables invoice, depending on the tax point basis, the tax line must be accounted on a particular division:

  • If tax point basis is set on payment, the interim tax on the invoice must be accounted on DC250 or DM250, inherited from the revenue account combination.
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