GST : Non recoverable RCM Claim entries for the GRN are hitting Expense AP Accrual Acct Instead Of PO Charge Account
(Doc ID 2404401.1)
Last updated on JANUARY 01, 2021
Applies to:
Oracle Financials for India - Version 12.1.3 and laterInformation in this document applies to any platform.
Symptoms
On : 12.1.3 version, GST
ACTUAL BEHAVIOR
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System currently hitting the item expense account for the RCM accounting
generated against the PO/receipt matched invoice having RCM taxes
Debit Item expense account
Credit Tax Liability
EXPECTED BEHAVIOR
-----------------------
System should consider the PO Charge account/PO expense account which is
defined in the Purchase order level for EXPENSE POs
Debit PO Charge account
Credit Tax Liability
STEPS
-----------------------
The issue can be reproduced at will with the following steps:
Create PO with RCM taxes
Create Receipt
Generate the ERS invoice
Validate invoice
Run India period end concurrent
BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot do reconciliation of PO charge accounts.
Changes
Cause
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In this Document
Symptoms |
Changes |
Cause |
Solution |
References |