Tax recognition for IDR invoices
Summary:
Tax amount recognition for IDR invoices
Content (required):
Hi All,
Our requirement for IDR invoices is that Tax Amount should be recognized from the Invoice Image and Tax should NOT be calculated by Oracle Tax Engine.
In the IDR Options, I see two options related to Tax-
- Recognize tax lines
- Calculate tax during import
What is the significance of these options. If we want the Tax amount to be recognized from the Invoice image, should I just enable Option 1 or do we need to enable both the options?
I also read in a document that, the above options will not work if the invoice is in "Incomplete" status. Does that mean, if we enable the IDR option "Always create invoices in incomplete status", the above two tax options will be irrelevant? Please help me understand this.