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October 28, 2016

10/28/2016 04:26:00 AM
Oracle apps technical training
Oracle Order Management :Tax Calculation Freight Charges

Tax Calculation on Freight Charges Currently, in Order Management, estimated tax is not calculated on freight charges associated with the sales order header and lines.

Taxes on freight charges are subsequently calculated in Account Receivables if the value of the system parameter "Invoice Freight as Revenue" is set to “Yes”. In Release 12.2, estimated taxes on freight charges will also be calculated and displayed in Order Management if the value of the system parameter "Invoice Freight as Revenue" is set to “Yes”.

In addition to the sales order creation screens, calculation of estimated taxes on freight charges will be supported in the Process Order API, Order Import and High Volume Order Processing (HVOP).

 In addition, the profile option “OM: Delay Tax Calculation” has been added to allow deferral of tax calculation from the time of the user entering the sales order line to the time of the user saving the sales order line

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