How to Calculate Tax on AR Advance
(Doc ID 2490090.1)
Last updated on NOVEMBER 18, 2019
Applies to:Oracle Fusion Receivables Cloud Service - Version 11.13.18.05.0 and later
Information in this document applies to any platform.
To create one or more invoices with tax lines to be sent to customers for the prepayment amount to be paid on completing certain percentage of the customer order before fulfillment. The revenue is not recognized immediately. This prepayment should be offset from the final invoice created post fulfillment of the order to have only the outstanding balance as due from customer.
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