Payables and Cash Management - EBS (MOSC)

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Offset functionality for Retainage and withholding tax

edited Mar 6, 2013 5:56AM in Payables and Cash Management - EBS (MOSC) 14 commentsAnswered
Hello Friends

I have couple of issues in accounting while creating an invoice and making a payment, since both are interlinked I have do it in one post

 

Background:

We have a OU with multiple Balancing segment values (BSV) assigned and we are using offset functionality for the balancing segment value

We use complex orders and therefore retention and also we use withholding tax and it gets created at the time of payment

 

Issue1:

We create invoices mostly from PO and some times stand alone invoices

We have modified the requisition and PO account generator to fetch the right balancing segment value based on the project owning organization and working as expected with out any issues however when we match an invoice to a PO the offset is not working for recoverable tax and retainage, when we ran the accounting on the invoice, retainage is getting offset in SLA (View Accounting Page) and picking the right BSV from accrual account but not on recoverable tax. Is there any way we can get the BSV from the accrual account rather than the tax setup?

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