We'd love to hear from you! Provide  feedback  to earn a badge today. Take our quick survey
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

PO Receipt and AP invoice - unrecoverable tax logic

Accepted answer
22
Views
1
Comments
edited Apr 7, 2021 4:15PM in Payables, Payments & Cash Management 1 comment

Content

Hi All,

i would like to share this topic, in order to umderstand if there is a way to do this via setup on Oracle cloud:

For the UK brach, now we have this flow (AS IS) : Purchase order (indirect) >>  PO receipt  >> AP invoices with a tax code that have a percentage of "unrecoverable" tax.  So the accounting of the recoverable and unrecoverable part of the tax it's done when the AP invoice it's entered and matched with the PO receipt .

The issue is,   UK team is telling  they have a local requirement, for which they need to book the "unrecoverabe tax amount" when the PO receipt happen, and after when AP invoice it's created, book the remaining amount of recoverable tax.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!