For the reporting Taxmarc makes use of standard SAP reports which are optimized where needed and the new Taxmarc fields are integrated. The tax control framework takes care of detecting and correcting invalid transactions at an early stage, before they make it into your finance books. This guarantees high-quality data is included in your monthly reports without the need for manual corrections.
Taxmarc provides additional reporting tools to facilitate and reconcile your tax reporting.
- The IC recon report will show you the posting status and taxcode of all related transactions in an ABC flow. You can easily see if any of the relevant transactions (customer invoice, IC sale invoice, IC purchase) are still missing. Thus, facilitating your month end close process
- The indirect tax data dump report links the standard SAP financial report (RFUMSV00) to the data from the related logistics transaction. This allows you to easily justify/validate why a certain tax code was chosen.
- The Box report tool allows you to configure the data to be reported in the various ‘boxes’ of your indirect tax return, using taxcodes. After correct configuration you can produce your monthly box report with one click of a button.
- The customs VAT reconciliation report will show you the incoming (outside the EU) commercial invoices with the customs invoices. Both invoices are managed by a clearing process, additional documents can be uploaded.
- Most reports can also be accessed from a web browser through SAP Fiori