My Oracle Support Banner

EAP: Payment Discount is incorrectly calculated on VAT Calculated Amount instead of calculating on VAT Entered Amount (Doc ID 1612418.1)

Last updated on NOVEMBER 25, 2020

Applies to:

PeopleSoft Enterprise FIN Payables - Version 9 to 9.2 [Release 9]
Information in this document applies to any platform.

Symptoms

Payment Discount is getting calculated on Merchandise Amount + VAT Calculated Amount instead of calculating on Merchandise Amount + VAT Entered Amount.

STEPS
1. Create a VAT Voucher with the VAT Entered amount different from the VAT Calculated amount
2. Verify that the Payment Term used involves a Discount
3. Verity that VAT Controls are set to Calculate at Gross, the box for Recalculate at Payment box is checked, and Declaration point = Invoice
4. Pay the Voucher so that Discount is earned
5. Review the Discount amount -- Discount is calculated on the Merchandise Amount + VAT Calculated Amount when it should have calculated on the Merchandise Amount + VAT Entered Amount.  This leads to a deduction on the VAT amount that is really not paid.

Changes

 

Cause

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
Symptoms
Changes
Cause
Solution
References


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.