EAP: Non Recoverable VAT (Prorate) Not Correctly Accounted When Using Early Payment Discount Payment Term

(Doc ID 2344372.1)

Last updated on JANUARY 02, 2018

Applies to:

PeopleSoft Enterprise FIN Payables - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.

Goal

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.
 

Solution

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