Classifications for Financials (tccls1190m000)
This session is displayed only if the Company Type is set to Both or Financial in the Companies (tcemm1170m000) session.
This session is applicable only if the Use Classification Scheme check box is selected in the Classification Parameters (tccls0100m000) session.
Field Information
- Country
-
The country where the classification scheme is applicable. The country is mapped to the tax country of transactions.
Note: If this field is blank, the classification scheme and the related codes are applicable to all countries - Description
-
The description or name of the code.
- Classification Scheme
-
The classification scheme that is mapped to the Financials.
- Description
-
The description or name of the code.
- Scheme Base
-
The type of scheme code to be considered for tax transactions.
Allowed values
- Services
-
Scheme base is set to Service, when:
- item is not involved, for example, project installments, landed cost, freight and so on, OR
- the item is undergoing service, for example, service order, maintenance sales order and so on, OR
- the sales order or purchase order is related to a service item
- Goods
-
The scheme base is set to Goods for all sales and purchase transactions related to inventory items, such as, sale of goods using sales order, sales schedule, contract deliverables, part receipt and part delivery, purchase of goods.
- Not Applicable
Note: By default, this field is set to Not Applicable. You cannot modify the value. - Company
-
The company in which the entities of Financials such as ledger Account, transaction type and so on, are defined.
Note: You can only select the companies for which the Company Type is set to Both or Logistic in the Companies (tcemm1170m000) session. - Description
-
The description or name of the code.
- Business Partner
-
The business partner who provides the services.
- Description
-
The description or name of the code.
- Ledger Account
-
The ledger account used to classify the service provided. For example, to differentiate between deposit services and credit guarantee services provided by a bank.
- Description
-
The description or name of the code.
- Transaction Type
-
The transaction type linked to the services provided.
Note: This field is enabled only if the Business Partner is not specified. - Description
-
The description or name of the code.
- Tax Code
-
The tax code that is used to classify the services provided.
- Description
-
The description or name of the code.
- Effective Date
-
The date and time until when the classification scheme can be mapped to Financials.
- Classification Scheme Code
-
The classification scheme code that must be mapped to the Financials.
- Description
-
The description or name of the code.