EAP: Payment Post Generates RSA = .01 Entry For VAT Voucher and Remains On the Open Liability Account Reconciliation Report APX1400 (Doc ID 2677287.1)

Last updated on NOVEMBER 29, 2020

Applies to:

Symptoms

Payment Post is generating an RSA = .01 entry for VAT Voucher.

STEPS:
1. Procurement Control > Accounting Policy = Gross 
    Non-Merch Charges tab > VAT Non-Recovery Charge = NRVATPR > Box not checked for Allocate Non-Recoverable VAT
2. BU CAN01 > Add Voucher using CAD Supplier
    a. Change Transaction Currency from CAD to USD
    b. Total = 560,785.02,  Line Total = 469,269.93,  VAT = 64515.09
    c. Voucher Payments tab > click Holiday/Currency link > Rate Type = CRRNT Indirect > check box for Specify Rate > Exchange Rate = .71983876 > OK
    d. Voucher Attributes tab > Transaction Currency Source = User > Exchange Rate = .71983876
3. Voucher VAT Information
    a. VAT Header > Registration ID = blank > Calculate at Gross > Declaration Point = At Payment Time
    b. Invoice Line VAT > Use Type = CMIX > Treatment = Domestic Goods > Applicability = Taxable > Tax Cod = CA7 > Transaction Type = CPD
    c. Distribution Line VAT > Apportionment Control = Distribution GL BU > Recovery Source and Rebate Source = Automatically calculated
4. Pay Voucher through Manual Payment
5. Payment Post
6. PAYMENT Accounting Entries > Rounding Suspense Account RSA = .01
7. Accounts Payable > Reports > Voucher Reconciliation > Open Liability Reconciliation - APX1400

Cause

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