EAP: Voucher Post Adds Service Tax Amount to the Foreign Amount of the DST Line
Last updated on MARCH 08, 2018
Applies to:PeopleSoft Enterprise FIN Payables - Version 9.1 to 9.1 [Release 9]
Information in this document applies to any platform.
When the posting method is Detail Offset, voucher post is creating unbalanced entries for vouchers with service tax.
The foreign amount of the Expense Distribution line is not equal to the Monetary Amount for the same line while the currency is the same. The foreign amount = the monetary amount + the service tax amount.
1. On Set Up Financials/Supply Chain > Install > Installation Options > Payables link, make sure that the Posting Method = Detail Offset
2. On Set Up Financials/Supply Chain > Common Definitions > Excise and Sales Tax/VAT IND > Vendor Tax Applicability, enable Excise Tax for the Vendor
3. Navigate to Accounts Payable > Vouchers > Add/Update > Regular Entry, and create voucher with withholding and excise taxes where base currency is the same as the transaction currency
4. Post the voucher
5. Go to Accounts Payable > Review Accounts Payable Info > Vouchers > Accounting Entries, and review the accounting entries generated
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