Enhancement Request for Tax Calculation For Bank Charges (Doc ID 2338546.1)

Last updated on FEBRUARY 03, 2019

Applies to:

Goal

Currently, there is no Taxes on Bank Charges. The system is not calculating and accounting the sale tax component of the Bank Charges.

When a Bank Charge is discounted to the supplier, the system must allocate the accounting for the Bank Charge and Tax

Payment Accounting:

108 Liability            Debit
100 Cash Clearing   Credit
   7 Bank Charged  Credit
   1 Tax                 Credit

Need to be able to configure Tax Calculation with the Bank Charges Transactions.

The functionality existed for Asia in EBS.
 

Solution

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