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Receiving Inventory and Inventory AP Accural Accounts Are Not Getting Nullified Incase Of PO(Purchase Order) Is Having Inclusive Taxes (Doc ID 1633822.1)

Last updated on SEPTEMBER 01, 2016

Applies to:

Oracle Financials for India - Version 12.1.3 and later
Information in this document applies to any platform.


On : 12.1.3 version, Excise - Procure to Pay Cycle

On PO Receipt for inclusive tax, the balance is not being knocked off in AP Accrual Account.
Therefore AP accrual account shows balances

On PO Receipt for inclusive tax,
  balances should be knocked off in AP Accrual Account.

The issue can be reproduced at will with the following steps:
1)Create a PO

2)Apply Excise Inclusive Recoverable taxes

3)Create the receipt

4)Claim the cenvat

5)Create the Invoice with receipt match

The issue has the following business impact:
Due to this issue, users cannot reconcile due to wrong accounting


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