Self-Assessment and Recoverable Tax Rates
Hello,
In R12.1.3 I was able to calculate and post a Self-Assessed Tax Rate on an AP Invoice when the tax rate is not recoverable.
Ex:
| Account | Accounting Class | Entered DR | Entered CR |
|---|---|---|---|
| xxx.xxxx.54401.xxxx.xx | Item Expense | 1,000.00 | |
| xxx.xxxx.54401.xxxx.xx | Self-Assessed Non-Rec Tax | 180.00 | |
| xxx.xxxx.22101.xxxx.xx | Liability | 1,000.00 | |
| xxx.xxxx.24435.xxxx.xx | Self assessed tax liability | 90.00 | |
| xxx.xxxx.24436.xxxx.xx | Self assessed tax liability | 90.00 |
But when the tax rate is recoverable, the accounting is unbalanced.
Ex
| Account | Accounting Class | Entered DR | Entered CR |
|---|---|---|---|
| xxx.xxxx.54401.xxxx.xx | Item Expense | 1,000.00 | |
| xxx.xxxx.22101.xxxx.xx | Liability | 1,000.00 | |
| xxx.xxxx.24435.xxxx.xx |
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