Status report from ERP Development Team on Tax Authority


 A few positive comments and Navigational instructions were given by KPMG for Oracle EBS R12.1ERP Systems:

  • This is the most streamlined method
  • There is no standard transactional report in LCM module. A report can be included in the required list of reports.
  • The description of WHT can be checked from the distribution level
  • This has to be included in the customization
  • FF Expense Entry process has become lengthy since we wish to capture the expenses PSO wise.
  • The process suggested is:
  • Enter PSO wise Expense report
  • Import the Expense Reports to create AP Invoices via Expense Report Export program
  • Validate and Account the AP Invoices
  • Create Payments through Payment Process Profile
  • We have updated the list of values. Kindly recheck, this will reduce the time taken
  • Please check the 'Withholding Tax by Tax Authority Report'. It shows the Tax deducted by Tax Authority (Exim Bank). We can also utilize the custom report ' Supplier Ledger' report.
  • Bank balance position will be updated post Bank Reconciliation testing
  • In Progress. The calculation needs to be tested once the customization is complete

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