R12: AP: Rounding Rule for Tax Does Not Work When Prepayment is Applied
Last updated on JULY 02, 2018
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?
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