BRM Ledger Reporting Based On Sub Tax Type
Last updated on JUNE 18, 2017
Applies to:Oracle Communications Billing and Revenue Management - Version 22.214.171.124.0 to 126.96.36.199.0 [Release 7.3.0 to 7.5.0]
Information in this document applies to any platform.
This article describes if Oracle Communications Billing and Revenue Management(BRM) Applications can support reporting taxes based on the tax type and state associated to different GL accounts.
OOTB BRM report total taxes to Ledger report and does not consider state where taxes are applied during GL reporting.
For example: If total tax amount is $10 generated in state GA, which consist of $6 (Sales Tax) & $4 (Federal tax) , then Sales tax should be reported to a different Ledger account with respect to Federal tax.
Another tax $14 generated in state of FL consisting of $8 (Sales Tax) & $6 (Federal tax), then Sales tax should be reported to a different Ledger account with respect to Federal tax and to a different Ledger account.
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