Application Of On-Account Credit Does Not Reduce VAT
(Doc ID 2582928.1)
Last updated on MAY 18, 2020
Applies to:Oracle Fusion Receivables Cloud Service - Version 11.13.19.04.0 and later
Information in this document applies to any platform.
On : 11.13.19.04.0 version, Billing - Transactions
When applying an On-Account Credit Memo to an Invoice the VAT element is not reduced.
Both the Invoice and Credit Memos are raised including a VAT element but when the Credit is applied to the Invoice the full amount of the Credit reduces the NET Value rather than the NET and VAT element with the correct proportions.
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