How to Transfer Invoice Tax Variances in Average Costing Organization

Oracle Payables will calculate Invoice Tax Variances when there is a non-recoverable tax that has been calculated at AP invoice entry that was not included on the Purchase Order.    In an average costing organization this tax variance should be transferred to the inventory valuation to ensure that the correct item cost is calculated.     Please see attached video for a demonstration of this functionality in Oracle R12.

Alastair Doe
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Alastair Doe

Oracle R12 Tax Practice Lead at eBiz Answers Ltd
Alastair has 20 years experience in the design and implementation of Oracle applications on multinational global deployments. Alastair has established himself as one of the leading Oracle and Fusion tax consultants and has implemented eBusiness tax on over 20 implementation projects.   He has an in-depth experience of delivering complex, robust and compliant indirect tax solutions using the Oracle eBusiness and Fusion tax engine.
Alastair Doe
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