Creation of G/L Masters

Creation of G/L Masters (Use transaction code - FS00)

VAT Receivable under Current Assets

Step 1) Give the G/L account number, company code and press With Template button in order to create a new G/L account with reference to another G/L account

Step 2) Enter the G/L we created previously (Inventory raw material) and Company code

Step 3) Change the short and long text to Vat Receivable
Select Create/bank/interest tab

Step 4) Field Status Group change to G041 (Tax office clearing Accounts)

Step 5) Select the save buttonwe receive a message below

VAT Payable under Current Liabilities and Provisions

Step 1) Give the G/L account number, Company code and press With Template button in order to create a new G/L account with reference to another G/L account

Step 2) Enter the G/L we created previously (VAT Receivable) and Company code

Step 3) Select Type/Description tab
Change Account group to Current Liabilities and Provisions
Change the short and long text to Vat payable

Step 4) Select the save buttonwe receive a message below

Changes to G/L Accounts

Inventory Raw Material

Step 1) Give the G/L account number and Company code 
Select change button

Step 2) Select Control Data tab

Select Tax Category from drop down menu

Select Posting without tax allowed check box

Step 3) Select the save button ignore the warning message we receive a message below

Sales Account

Step 1) Give the G/L account number and Company code 
Select change button

Step 2) Select Control Data tab

Select Tax Category from drop down menu

Select Posting without tax allowed check box

Step 3) Select the save button ignore the warning message we receive a message below