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EAM: Sales/Use Tax On PO Is Carried Over To The Assets Costs. (Doc ID 2553555.1)

Last updated on JANUARY 22, 2020

Applies to:

PeopleSoft Enterprise FIN Asset Management - Version 9.2 and later
Information in this document applies to any platform.

Symptoms

On : 9.2 version, Functionality

ACTUAL BEHAVIOR
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Asset Cost must be excluding VAT

Purchase Order contains actual Cost of the item and VAT. During the Asset creation in FA module cost is getting included with VAT also. As advised by Auditors this is wrong and Asset cost must be without VAT during assets additions

EXPECTED BEHAVIOR
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STEPS
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The issue can be reproduced at will with the following steps:
1. Add a PO with cost which has VAT
2. Interface it to AM.


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot  have correct asset cost

Cause

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In this Document
Symptoms
Cause
Solution
References


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