R12: AP: Rounding Rule for Tax Does Not Work When Prepayment is Applied
(Doc ID 2415372.1)
Last updated on DECEMBER 07, 2020
Applies to:Oracle Payables - Version 12.0.0 and later
Information in this document applies to any platform.
When a prepayment is applied to a standard invoice, the rounding rule for the tax does not work.
Rounding Rule is set to "UP" at the supplier site.
Prepayment Invoice is imported with Tax Rate 8% and CONTROL_AMOUNT 94 JPY
Standard Invoice is imported with Tax Rate 8% and CONTROL_AMOUNT 32 JPY
When the prepayment invoice is applied to the standard invoice, the applied prepayment tax is expected as below:
Applied Prepayment Tax = 388 * 8% = 31.04. Hence 32 is expected because Rounding Rule is set to "UP".
But the actual tax is calculated as 31.
As result, the following lines for the standard are generated:
General tab in Invoice Workbench window shows the Summary for the standard invoice as below:
Why does system ignore the rounding rule when calculating the applied tax to the standard invoice? And how to match the applied prepayment tax to the standard invoice tax?
To view full details, sign in with your My Oracle Support account.
Don't have a My Oracle Support account? Click to get started!
In this Document