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Wednesday 23 October 2013
Generating a paper sales-invoice from SAP can be achieved through various programs such as Smartforms, Jetforms, SAP script etc. In simple terms, these programs are nothing more than reports that generate an output document. In this case, a legal document for VAT purposes.
No matter which functionality your company is using, the data printed on the invoice will be sourced from the data stored in your SAP system.
Most of this data however is not static.
Master data such as the name, address and VAT registration number of your customer (i.e. your legal partner for VAT purposes) can often change. The name of your selling entity can change, tax percentages can change, almost everything can change.
Now assume your tax authority asks you to represent a paper invoice which was created 3 years ago: they would very much appreciate if that copy invoice is presented with exactly the same facts as the original that you issued to your customer.
If you saved a paper copy of the invoice and you can show this to the tax authorities, then you won’t have any issues. But most large companies don’t store paper copies of their invoices. So you will most likely need to go into SAP and re-print the invoice. If the master data has since changed, then the copy invoice will not match the original. Your tax inspector won’t be happy and neither will you.
Most master data in SAP does not contain a time stamp. It basically is what it is. Each time master data changes, you lose the ability to retrieve the old master data. This issue has existed since SAP launched its SD module but surprisingly, many companies have still not taken action to prevent the possible re-printing of invoices with incorrect facts.
Surprisingly, this is quite simple to resolve.
Customize the output routine that creates the invoice, and define it to create a PDF copy of the invoice as well. Once the PDF copy is produced and saved, the invoice can always be reprinted in the exact same format, using the exact same data as was used when issuing the original invoice. One small setting in the customizing to solve a potential legal nightmare.
To find out if you are affected:
For more information, visit : http://www.meridianglobalservices.com/taxtechnology/
Or E-mail: firstname.lastname@example.org
VAT in SAP/ERP
EU VAT Updates