Oracle R12 and Fusion Tax – US Sales and Use Tax, automating Over/Under Taxation
Some Third Party products automate the over/under handling of sales tax, if you have been charged too much or too little then an adjustment is made automatically. But why?
How often does this actually happen and would you not want to be in control of how the tax is handled instead of leaving it to be done automatically?
What if one of the lines was exempt from tax but that was somehow not captured on the invoice line as it was entered. An over/under solution would in fact deal with this incorrectly, making an adjustment on a transaction that was actually incorrectly entered thus ultimately costing you more in tax!
I am trying to get a feel for how important this requirement is so please respond to this blog posting with your views and opinions.
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