General Ledger - EBS (MOSC)

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Automated GL Tax Journal

edited Nov 29, 2019 4:01AM in General Ledger - EBS (MOSC) 1 commentAnswered

Hi,

We have current condition as following:

As Is: maintain journal manually for tax calculation upon certain journal in GL

Create one main journal : Journal Name A - Commision

Dr AR 10000

  Cr Comission 10000

Create another journal for tax calculation: Journal Name B - Tax (7%)

Dr Commission 700

  Cr VAT 700

To be: expect the second journal can be automated, thus no more another journal manual created for tax

Journal Name A- Commision

Dr AR 10000

  CR Commission 10000

Dr Commission 700

  Cr VAT 700

We would like to perform with standard automated tax journal in Oracle. Understand that we can perform automated tax calculation in GL (activate enable journal and set tax option), however please advise how we can get the offset journal for VAT (Dr commission 700).

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