Prepayment Application results in Tax Holds
Hi All,
Can someone please aasit.
I have the following scenario...
Oracle Applications : 11.5.10.2
In Payables...
1) Create a prepayment 10,000.00 without any tax lines. Validate, create accounting and pay. Status is now 'Available'.
2) Create a standard invoice with a tax line 100.00 with a tax line of 14.00. Validate the invoice and do create accounting.
3) From the invoice apply the prepayment. In the Apply/Unapply Prepayment window select apply. Under the amount cloumn 100.00 appears. Change the amount to 114.00, becasue I want to apply the full invoice amount. Click apply.
4) The result is that the invoice status is now 'Needs Revalidation' Also the ihvoice have 2 holds now, 'Tax Variance' and 'Tax Amount Range'. Which I cannot release unless I unapply the prepayment. But this defeats the purpose.
Can someone please aasit.
I have the following scenario...
Oracle Applications : 11.5.10.2
In Payables...
1) Create a prepayment 10,000.00 without any tax lines. Validate, create accounting and pay. Status is now 'Available'.
2) Create a standard invoice with a tax line 100.00 with a tax line of 14.00. Validate the invoice and do create accounting.
3) From the invoice apply the prepayment. In the Apply/Unapply Prepayment window select apply. Under the amount cloumn 100.00 appears. Change the amount to 114.00, becasue I want to apply the full invoice amount. Click apply.
4) The result is that the invoice status is now 'Needs Revalidation' Also the ihvoice have 2 holds now, 'Tax Variance' and 'Tax Amount Range'. Which I cannot release unless I unapply the prepayment. But this defeats the purpose.
Tagged:
0