Accounting of Taxes based on charge Account in AP
We are accomodating two companies/balancing segments in one operating unit. Both companies use different balancing segment and so does their tax accounting. To meet this requirement, we have two different tax codes in 11i for every tax which users pick up manually during AP Invoice creation. So for example we have codes GST-Comapny1 and GST-Company2 with respective account codes attached to them.
Quick question is: Do we have ability in EBusiness Tax in R12 to automatically create relevant accounting based on charge account being selected on the invoice line.
so e.g. if expense charge account uses balancing segment1, automatically tax account code1 for the tax code (say GST) be picked up and when balacing segment2 is used, automatically tax account code2 for the tax code (GST) is picked up..(I am assuming here we can probably setup one tax code with two different accounting)