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Invoices-Line variance hold for difference of 0.01 between provided tax Vs Oracle calculated tax.

in Payables, Payments & Cash Management 1 comment

Summary:

Issue - Invoices-Line variance hold due to difference of 0.01 between supplier provided tax amt Vs Oracle calculated tax amount.

The imported invoice is having header value 6,14,074.33 CAD.

The total line amount for multiple lines is 5,84,832.7 CAD . If we add 5% tax, the total value after rounding will be 6,14,074.34 CAD.

The invoice is showing Line Variance 'Total of invoice line doesn't equal to invoice amount' due to difference of 0.01 cents due to tax rounding.

Note -

  1. Change in Tax rounding (up or Down ) help to resolve the issue for this invoice but then other invoices will have issue.
  2. Since customer is sending multiple lines for an Invoice , adding tax amount (coming from supplier) as "Tax Control Amount" at line level will be difficult.
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