Enhancement Request for Tax Calculation For Bank Charges
Last updated on DECEMBER 12, 2017
Applies to:Oracle Fusion Tax Cloud Service - Version 220.127.116.11.0 and later
Information in this document applies to any platform.
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
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.
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