EAP: How Should the Use Tax Be Accrued, When a Voucher is Created for Multiple Distribution Lines and Different General Ledger Business Units?
(Doc ID 2916425.1)
Last updated on DECEMBER 21, 2022
Applies to:PeopleSoft Enterprise FIN Payables - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
How should the use-tax be accrued, when a voucher is created for multiple distribution lines and different General Ledger business units?
A voucher is created under Accounts Payable business unit US001 with 2 Voucher lines as follows:
1) Voucher line 1 has an amount of $1000 and the Distribution line General Ledger Business unit(BU) is US001. The use tax calculated is $42.5.
2) Voucher line 2 has an amount of $1000 and the Distribution line General Ledger Business unit(BU) is US005. The use tax calculated is $60.0.
On posting the voucher in the voucher accounting line table it was observed that the entire use tax of $102.5 was accrued under Accounts payable business unit US001.
The expectation is that in voucher accounting line table $42.50 of use tax (line 1 amount) should be accrued/booked to General Ledger BU US001 and $60.00 of use tax should be accrued/booked to General Ledger BU US005. Sample scenario and the voucher accounting line data for this scenario.
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