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What all column values are considered for Header Level Tax Rounding on an AR / AP Invoice ? (Doc ID 2284618.1)

Last updated on OCTOBER 18, 2018

Applies to:

Oracle E-Business Tax - Version 12.1 and later
Oracle Receivables - Version 12 and later
Oracle Payables - Version 12.2 and later
Information in this document applies to any platform.

Goal

Issue is when there is an many lines or taxes on an Invoice (it could be Receivables AR ,or Payables AP) and Tax is getting calculated with different values of 
Lets take an example

The Tax Rounding Rule is set to perform Rounding to Nearest at HEADER level.

e.g. 1

If we have Invoice with 2 Items of SAME Item Type

Line 1 - Item Type 1 - Unrounded Tax = 25.244

Line 2 - Item Type 1 - Unrounded Tax = 20.244

System performs rounding (25.244 + 20.244 = 45.488 rounded to 45.49) at HEADER Level and add 1p to one of the Lines.

So tax is correct at Transaction Level.

Line 1 - Item Type 1 - Unrounded Tax = 25.244 - Rounded Tax = 25.25

Line 2 - Item Type 1 - Unrounded Tax = 20.244 - Rounded Tax = 20.24

However If we have an Invoice with 2 Lines of different Item Types (with different Taxable Basis for line 2)

e.g.

Line 1 - Item Type 1 - Unrounded Tax = 25.244

Line 2 - Item Type 2 - Unrounded Tax = 20.244

System performs rounding by Line Type (25.244 rounded to 25.24 and 20.244 rounded to 20.24) and does NOT add 1p to one of the Lines. So tax is INCORRECT at Transaction Level.

Line 1 - Item Type 1 - Unrounded Tax = 25.244 - Rounded Tax = 25.24

Line 2 - Item Type 1 - Unrounded Tax = 20.244 - Rounded Tax = 20.24


 

Solution

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In this Document
Goal
Solution
References


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