Last updated on AUGUST 08, 2017
Applies to:JD Edwards EnterpriseOne Sales Order Management - Version 9.1 and later
Information in this document applies to any platform.
When Sales Update (R42800) process a sales order with tax explanation code = V (VAT Tax) and Tax Area set as 'VAT Expense' it writes Distribution Account 4250 (Tax Liability). No amount should be written to distribution AAI.
When a tax rate area has a line with VAT Expense checked it means that the VAT Expense percent of the Tax Amount is not to be paid to the Tax Authority.
If the VAT Expense is 100% this means no tax is owed to the Tax Authority for those transactions.
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
Million Knowledge Articles and hundreds of Community platforms