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

Oracle Fusion - VAT Report for Italy using secondary ledger

Question
18
Views
0
Comments
edited Nov 8, 2023 8:25PM in Tax & Global

We are having the following setup for Italy entities:

1. One Primary ledger (functional currency EUR)

2. One Secondary ledger (functional currency EUR)

3. Three Entities under this ledger


A specific rate is used as "Default Conversion Rate Type" and "Retain Transaction Rate Type" is set as N in Complete Primary to Secondary Ledger Mapping, thus foreign currency entries would be copied with the statutory FX rate when it is posted in Secondary Ledger.


Therefore, the entries with the correct VAT calculations are only available in the Secondary Ledger. Is it possible to run the seeded VAT Register for Italy on legal entity and using the Secondary Ledger data?

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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