Calculate tax on revenue recognition in oracle revenue lease accounting
in Tax & Global
Good day,
We have a legal requirement where we are required to calculate and report tax if we received an advance from customer, recognized the revenue, or generate customer bill, whatever come first it is mandatory to calculate the tax.
So, in some scenarios with revenue lease we can have an annual payment in arrears, so we account for revenue before we generate the customer bill
Is there any function where I can calculate the tax with the revenue accounting entries?
Regards
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