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EAM: Non Recoverable VAT Gets Doubled and a Wrong Cost (Doc ID 2376829.1)

Last updated on FEBRUARY 08, 2019

Applies to:

PeopleSoft Enterprise FIN IT Asset Management - Version 9.1 and later
Information in this document applies to any platform.

Symptoms

Non recoverable vat is doubling and getting added to cost when creating an asset and 150 as non recoverable vat, the total cost is reflecting as 1300. However, expecting it to be 1150.

The issue can be reproduced at will with the following steps:

1. Add asset with amount 1000 on a business unit with VAT as FRA01
2. Enter Non Recoverable 150 in the TAX menu and click ok, cost is 1300



Cause

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In this Document
Symptoms
Cause
Solution
References


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