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Transaction Business Category in AP Invoice lines

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edited Mar 12, 2021 3:22PM in Payables, Payments & Cash Management 5 comments

Summary

Transaction Business Category not always populated for AP Invoices

Content

When we create manual AP invoices, Transaction Business Category is always populated as "Purchase Transactions" .
But when invoices are imported through Invoice interfaces, this is not always populated. We do not provide any value for field Transaction Business Category in APInvoiceLinesInterface CSV file.

Impact: We have tax rules based on value of Transaction Business Category. As it is null for EU suppliers, standard GB VAT for 20% is applied and not the expected 0%. We've to manually update the value for Transaction Business Category as "Purchase Transactions" in invoice lines and re-calculate the tax. Then proper tax rate is applied.

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