Written by Tor Flugsrud
Usually, it is sufficient for a business to make an accounting provision of tax deductions. However, some companies still need or want to be able to automatically transfer their tax deductions to a deposited tax account in the bank, which is especially true for companies that do not have the necessary bank guarantee. Very few have this set up automatically.
Many people perceive it as a significant task to facilitate such a bank transfer. It now turns out that it does not have to be this way at all. We at Sariba have succeeded in building a simple solution using SAP standard functionality, based on the following elements:
– Recipient key with current bank account for accrued tax
– Use of a new payroll category in an info type to transfer the tax deduction to the correct table in the payroll results
– A small change in the salary settlement form in order to transfer the amount of tax deduction to the correct category of salary
With such a solution, allocating tax to the company's bank account will become part of the process of generating the bank file payroll to the employees. Since this solution is based on the use of SAP standard functionality, it will be neither expensive nor complicated to use.
Please contact Marita Johansen if you want assistance in this area, or for a non-binding chat.