LOCAL Is It Possible To Use Payment On Receipt Functionality For Colombia
(Doc ID 2025627.1)
Last updated on DECEMBER 27, 2021
Applies to:Oracle Financials for the Americas - Version 12.1.1 to 12.1.3 [Release 12.1]
Information in this document applies to any platform.
Is it possible to use Payment on Receipt functionality for Colombia?
In AP, there is one standard oracle functionality called Payment on Receipt.
If enabling this functionality (in some field at the Supplier), what it does it that when a PO is received, it automatically creates the invoice in AP
(it sets the information in the ap interface, and when running the ap invoice import program the new invoice gets created).
On the other hand, the withholding taxes in Colombia depend on the supplier site and applicability, and in many cases the user has to select them manually
considering that a supplier could have more than 1 applicability.
Can this standard functionality be used for Colombia or will it go against the localization requirements?
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