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23D Release - Rounding Conversion Option for AR

in Tax & Global 4 comments

Summary:

In reviewing the 23D release notes we noticed a new feature for AP:

TAX CALCULATION ON ROUNDED AMOUNTS ON PAYABLES INVOICES

https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/fin/releases/23D/23D-financials-wn.htm#F29699

In reviewing the feature however, we noticed that the option is actually added to the Tax Regime, which of course would apply to both AP and AR.

Will this new field apply to tax calculation for both AP and AR or will it be ignored in Receivables?

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