EAP: Rounding Suspense Entries by Payment Posting when VAT is Non-Recoverable
Last updated on FEBRUARY 14, 2017
Applies to:PeopleSoft Enterprise FIN Payables - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.
Rounding Suspense Account (RSA) entries are generated by Payment Posting when VAT is non-recoverable.
1) Create a Voucher as follow:
Base Currency of BU is CZK and Transaction done in EUR.
Invoice Line amount = 1883.50,
Entered VAT = 395.54
Total = 2279.04
2) Post the Voucher.
3) Record the Payment for the Voucher.
4) Post the payment.
There should not be any RSA entry generated when payment is posted.
RSA entry is generated for the payment.
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms