EAP: Non Recoverable VAT (Prorate) Not Correctly Accounted When Using Early Payment Discount Payment Term
(Doc ID 2344372.1)
Last updated on FEBRUARY 05, 2019
Applies to:PeopleSoft Enterprise FIN Payables - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.
In situations where Payment Discount is taken at the moment of payment and part of the VAT is non-recoverable the correction to VAT at the moment of payment posting is not correct.
The recoverable amount is accounted for correctly. However, the non-recoverable amount should, according to system settings, be pro-rated over the expense lines. However, this is treated as VIDA and not accounted for correctly.
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