Lease and Finance Management - EBS (MOSC)

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Is there a way to handle taxes for Loans?

edited Oct 26, 2011 4:01AM in Lease and Finance Management - EBS (MOSC) 3 commentsAnswered ✓

We found that tax amount in payments of Direct Loans is considered a payment in advance. I mean, Oracle doesn't consider paying taxes in Loans module. If we create invoices from Loans with a tax line, and we apply them to a receipt, the tax amount is deducted from the amortization table.


Is there a way to handle taxes for Loans?

Thanks in advance

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