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EBI 9.2: Bill Is Not Having Correct VAT Accounting Entries When One Line Is Goods and the Other Is Service Type (Doc ID 2789547.1)

Last updated on JULY 06, 2021

Applies to:

PeopleSoft Enterprise SCM Billing - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.

Symptoms

Bill is not having correct VAT accounting entries when one line is goods and the other is service.

Invoices on goods-type products do not have the right VAT code and do not have the expected account in the accounting entries.


REPLICATION STEPS
-----------------------

1: Setup VAT for business_unit which manages two product types : Goods and Services.
2: The physical nature is defined at product level : « G » for Goods and « S » for Services.
3: The VAT declaration point is defined at entity (business unit) level as « At Invoice time » for Goods (vat_dclrtn_point=« I ») and « At Payment time » for Services (vat_dclrtn_point=« P »).
4: For Goods, the account expected is defined for « Output » VAT in the VAT accounting exceptions.
5: For Services, the account expected is defined for « Output intermediate » VAT in the VAT accounting exceptions.
6: Enter a bill with 2 lines one is for goods and one is for services.
7: Run single action job, notice the accounting for Goods line has an incorrect account.


Replication

Cause

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In this Document
Symptoms
Cause
Solution
References


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