How to allow 3 decimal place for sales tax in invoice workbench
Can you please share how to enable 3 decimal places for taxes in the invoice workbench? We only want to display 2 decimal places for invoices and payments, but taxes should have at least 3 decimal places.
The option to change precision for currency setup (Setup > Currency > Define) will have everything in Payables display 3 characters, and this does not seem like the correct solution, as there should be a tax only option to display 3 decimal places.
In 11i, you setup tax codes outside of the invoice workbench form, then you just calculate taxes, and you need not enter the tax rates. For R12, we setup ebtax - Sales tax to default to 0, and then users need to manually encode the tax rate. Since invoice workbench form is allowing only for 2 decimals based on currency precision, you are now unable to enter 3 decimal places. The issue here is that you are not entering $values, but just tax rates, so don’t really understand why that field is prevented from entering more than 2 decimal places.