EAP: VAT Amount In Reporting Currency Is Incorrect By A Penny (0.01) (Doc ID 2115500.1)

Last updated on SEPTEMBER 15, 2016

Applies to:

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

Symptoms

VAT amount in reporting currency is incorrect by a penny (0.01)

STEPS:
1) EUR - GBP Quotation Method is Direct
2) Market Rate EUR - GBP is 0.73870253
3) Add a voucher with transaction currency EUR and base currency GBP
4) Go to Enter reporting amounts on Invoice Header VAT Information and enter Total VAT Applicable amount
5) Save voucher
6) PS_VOUCHER vat_inv_amt_rptg, vat_inv_amt_bse are not equal for the same currency which are calculated by system. They are off by 0.01

Cause

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