- Industry: Software
- Number of terms: 5396
- Number of blossaries: 2
- Company Profile:
SAP AG provides business software globally. Its product portfolio includes SAP Business Suite software, which supports large organizations/international corporations operating in manufacturing/service industries in their core business operations, such as supplier relationship, production and ...
A form of taxation deducted at the beginning of the payment flow. Typically, an amount is withheld and paid over or reported to the tax authorities on behalf of (as opposed to by) the person subject to tax, the exception being self-withholding tax.
If a withholding tax exemption is available, withholding tax is not withheld. The SAP System, distinguishes between:
*Classic withholding tax
*Extended withholding tax
Extended withholding tax enables the assignment of more than one withholding tax types to a business partner. This is necessary for calculating withholding tax in Argentina or Brazil.
Industry:Software
A function designated for transferring data at the end of a fiscal year in companies that do not work with a multi-annual system.
Industry:Software
The alphanumeric key that clearly identifies individual payment terms.
Industry:Software
The amount of money that is owed by a debtor and has not yet been paid.
Industry:Software
The amount to be paid for an assembled finished product that consists of several components.
Industry:Software
The annual net incomes accumulated since the founding of the company, adjusted by the distributions of dividends and retained earnings appropriations, such as transfers to or withdrawals from provisions. Debit values are referred to as net loss. The retained earnings (RE) of the corporate group is made up of the total RE of the consolidated companies taking into consideration the standardizing and consolidating entries as well as additional reclassifications based on the corporate policies concerning financial statements.
The way retained earnings are stated in the Consolidation system depends on the order of the items for appropriating retained earnings within the chart of accounts.
If the appropriation of retained earnings is stated on the balance sheet, then RE is defined as a totals item encompassing the financial statement item "Annual Profit", as well as all items related to the appropriation of retained earnings.
If the appropriation of retained earnings is portrayed as an addendum to the income statement, then retained earnings is a single value item on the balance sheet. The item must then be entered accordingly on the individual financial statement (reported financial data). Both alternatives differ from the way the SAP General Ledger portrays retained earnings. There, retained earnings is a negative balance of all other balance sheet accounts, its definition being implied.
Industry:Software
The authority group which has the right to interpret and apply tax laws or decisions, for example, state, county or city.
Industry:Software
