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Wrong Account Extract For AP Prepayments In EMEA VAT Selection (Doc ID 1667135.1)

Last updated on AUGUST 13, 2021

Applies to:

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

Symptoms

ACTUAL BEHAVIOR
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In the EMEA VAT selection extract wrong natural account is extracted for the prepayment application lines.

EXPECTED BEHAVIOR
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This problem happens for all prepayments having the final invoice exchange rate different from the prepayment exchange rate.

In the EMEA VAT selection extract wrong natural account is extracted for the prepayment application lines.
This account is coming from the final invoice accounting, account is used to treat exchange rate gains.
Exchange gain is generated on the final invoice, because the final invoice exchange rate is different from the prepayment exhange rate.
AP side VAT Selection extract must be fixed in order not to extract the GAIN/LOSS GL account instead of the expected TAX account .

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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