Last updated on MARCH 08, 2017
Applies to:Oracle Financials for EMEA - Version 12.1.3 and later
Information in this document applies to any platform.
Monthly VAT Preparation VAT Report - Amount updated with incorrect sign
After running the "Monthly VAT Preparation VAT Report" , the Tax Amount for one of the invoice has been updated in incorrect sign.
This is offset amount tax, which is updated correctly in Negative Sign on AP Invoice workbench but the same amount on Report "Monthly VAT Preparation VAT Report" it is updated incorrectly with positive sign.
Actual Result: Amount updated in positive xxxx
Expected Result: Amount in Tax Amount column should be updated as (- xxxx) i.e. with Negative Sign.
The issue can be reproduced at will with the following steps:
1. Run EMEA VAT Selection Process
2.Run EMEA VAT Allocation Process
3.Run Monthly VAT Preparation VAT Report
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