Are you a member of your company's tax department or SAP implementation team? Perhaps you are a tax consultant working in an SAP environment or an SAP professional charged with tax responsibilities. If so, this comprehensive reference will quickly become your most trusted guide, as it walks you, step-by-step, through the entire process of integrating your systems with SAP. Based on SAP ERP 6.0, this book delivers a practical overview of U.S. taxation, from an SAP perspective. It teaches you how to use SAP to streamline your tax preparation and reporting, illustrates the value of SAP Master Data, and much more. This hands-on book also features detailed coverage of all aspects of an SAP system affected by tax issues, including Financials, SD, and MM, as well as Project Systems, and even Asset Management. In addition, you'll explore the ins and outs of the invaluable SAP DART tool, uncover SAP's powerful controls, and find out how best to use external tax tools. Financial auditors and IRS auditors will also find this book highly useful in solving complex SAP and U.S. tax-related issues.Finally, readers have a resource to help maximize the vast capabilities of SAP in order to handle the ever increasing complexities of U.S. tax issues, thus addressing the unique challenges that arise in situations where these two areas converge. Highlights Include: * Federal taxes * State and local taxes * Master Data issues * Payroll issues * Benefits issues * Record retention * Income tax issues * DART tool * Tax configuration

If youre responsible for setting up, configuring, or using SAP US Payroll, you know that even its minor idiosyncrasies can cause headaches and holdups in your HR processes. This book provides you with the tools you need to get up to speed on payroll implementation and cutover, time management integration, and troubleshooting of payroll issues. This new edition includes updated information for SAP ERP 6.0 and EHPs 5 and 6. Balanced coverage of payroll processes, configuration, and real-life scenarios helps you develop valuable, applicable skills.

Decisions originally reported currently in Standard federal tax service, Federal estate and gift tax service, and Federal excise tax reports.

Introduction to IFRS 15 and SAP revenue accounting and reporting -- Project execution approach -- Configuring SAP revenue accounting and reporting -- Transition strategy and options -- Business cases: telecom and high tech -- Conclusion

This tightly-focused guide zeroes in on the crucial reporting options available in SAP for Fixed Assets Accounting, teaching readers how to manage and supervise fixed assets with the SAP ERP Financials Asset Accounting (FI-AA) component. Based on ECC 6.0, the author sheds light on the complete reporting solution for the Asset Accounting sub-module of SAP. You will learn about standard SAP ERP-delivered asset reports, including balance-based reports and transaction-based reports. You will also expand your knowledge of asset-specific reporting tools such as sort versions, simulation versions, currency translations, plus how to effectively use all the Asset Accounting reporting options at your disposal. - Basic Asset Accounting Reporting Features - Balance Reports - Transaction Reports - Asset History Sheet Report - Specialty Reports - US Tax Reporting - Reporting Tools

SAP ERP modules are notoriously hard to configure and use effectively without a lot of practice and experience. But as SAP ERP Financial Accounting and Controlling: Configuration and Use Management shows, it doesn't have to be so difficult. The book takes a systematic approach that leads SAP Financial Accounting and Controlling (FICO) users step by step through configuring and using all the program’s facets. This approach makes configuration complexities manageable. The book’s author—SAP expert, trainer, and accountant Andrew Okungbowa—ensures that both you and your end users are up and running quickly and confidently with FICO. He also provides sound and tested procedures that ensure your implementation works without error. SAP ERP Financial Accounting and Controlling: Configuration and Use Management is in fact the most comprehensive and easy-to-follow SAP FICO configuration book in the market. It incorporates a hands-on approach, with hundreds of screen shots and practical examples, that allows a person without prior configuration training to make SAP FICO ready for use in the enterprise. You’ll find that you don’t need to be a rocket scientist to grasp the concepts explained and apply them to your work—even when the finances are complicated, such as with the ins and outs of taxes, currency conversions, or special general ledger entries such as down payments or bills of exchange. Providing an in-depth coverage of both configuration and end user procedures, the book covers most aspects of the SAP FICO certification syllabus—SAP’s view of the module’s key tasks and procedures—including: Configuring and using the general ledger and accounts payable and receivable screens Configuring and completing closing procedures, asset accounting, and financial reporting Configuring global settings and enterprise variables Accounting for both profit and cost centers Creating a house bank Integrating FICO with other SAP modules Taking a jargon-free tone and providing an abundance of examples, Andrew Okungbowa provides a clear understanding of configuration techniques and the breadth of functionalities encompassed by SAP FICO. And as an accountant, Okungbowa understands the needs of end users as well as of those answering to the CIO.