E1: 42: Understanding Different Tax Amount Calculations When Using Vertex vs EnterpriseOne Taxes
Last updated on MARCH 24, 2017
Applies to:JD Edwards EnterpriseOne Sales Order Entry - Version XE to 9.2 [Release XE to 9.2]
Information in this document applies to any platform.
When creating accounts receivable invoices via Sales Update (R42800) or creating accounts receivable invoices using Standard Invoice Entry (P03B002) how is rounding handled?
Using the following example:
- Create an eight line sales order for an item where the price of each item is 521.50 per item. Each line indicates a quantity of one (1) for the item.
- The item is taxable with a tax explanation code of S and a tax rate area / GeoCode with a total tax rate of 6%, 5% state sales tax and 1% city sales tax.
When Vertex is active, the tax amount calculated for the order is 250.40.
When Vertex is not active, when an EnterpriseOne tax rate area is indicated on the order, the tax amount calculated is 250.32.
Why is there a difference of 0.08 for the tax amount when using Vertex versus EnterpriseOne taxing?
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