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Cross Regime Intercompany transaction- Document total

in General Ledger & Intercompany 2 comments

Summary:

Document total varies for generated AP and AR Invoice in case of Intercompany. Does system not check the total of both the documents? Does this not lead to reconciliation differences?

Content (please ensure you mask any confidential information):

We have created a transaction where the submitting and receiving entities belong to different regime. System has created the AR invoice with zero tax rate (0%) and AP with "Standard" tax rate(20%). Due to this the AR Invoice total is 500 pounds and AP Invoice total is 600 pounds. Tax rate codes have been applied as per the tax rules configured. Will the system not check whether the document totals (for AR and AP) are the same? Is this treatment correct? How to control that the total of both the documents are same created from a intercompany batch?

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