- Industria: 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 ...
An account that is kept separate for reasons of confidentiality.
Industry:Software
An account that records totals of amounts entered in a subsidiary ledger. Control accounts are used to test the accuracy of calculations and postings to ledger accounts.
There are two types of control accounts:
-Debtors control account
-Creditors control account
Industry:Software
An account to which postings are recorded temporarily. Clearing accounts are auxiliary accounts that exist for technical reasons and which are cleared repeatedly.
Postings may need to be made to a clearing account because of:
-A time gap between accounting transactions (GR/IR clearing account)
-Organizational task distribution (bank clearing account)
-Accounting transactions requiring clarification
Industry:Software
An accounting transaction (such as an incoming or outgoing payment) that initiates the clearing procedure.
Industry:Software
An accumulator for each G/L account or business partner. Every accounting transaction is recorded in corresponding accumulators according to the G/L accounts and/or business partners involved.
Industry:Software
An acquisition tax is due on the cross-border movement of goods and services within the European Union.
Acquisition tax must be applied by the receiving party at the local rate (but can also be posted as input tax). Any company that is entitled to reclaim input tax does not ultimately pay acquisition tax. When the incoming invoice is posted, the tax amount is posted both as a payable and as a receivable on the tax account.
Acquisition tax is calculated on the base amount of the invoice when it is issued (at the latest, on the 15th day of the month following the month when the goods or services were acquired (In Germany, at the end of this month.) The tax rates vary between Member States, but correspond to the standard domestic rates in each country.
Industry:Software
An active account in the chart of accounts. Each child account has a parent account as its title.
Industry:Software
An active bank account used for making and receiving payments and money transfers. It is kept on the principle of credit and its limit may be exceeded.
Industry:Software
An advance return for tax on sales/purchases. It is a tax return of a company that is liable to tax on sales/purchases.
An advance return contains the transaction volume and the appropriate tax rates incurred in a defined period of time, normally a quarter or a month.
Industry:Software
