Business has reported an issue saying that tax rounding is wrong in oracle r12 for AR invoices
Hi Team,
I would need an help to address the reported issue, this SR ID (Doc ID 833773.1) seems similar to my issue.
Business has reported an issue saying that the tax rounding is not correct when they calculate the tax on the total invoice value.
the below is the eg invoice from the reported list
The blow are the amounts from OM SO and AR
Total of lines amount = 35,927.92
Tax on the invoice is = 3,592.78 (10% of the all the lines) in the system.
When we calculate the 10% on the total invoice it comes to = 3,592.79 (there is 0.01 cent is less calculated on the transaction) as it the system is rounding at line level.