ER 78495 – Revise Landed Tax Tolerance to Follow The Same Accounting As The Line Item (AP)
ER URL - https://ers.infor.com/ERS/Ers_Details.aspx?&erID=78495&AER=False&tbv=1
Description
We’re looking to book any differences that fall within the $50 tax tolerance following the same accounting as the item line (booked to an expense account). Currently, our tax tolerance setup is at $50, with tax code VAR and a default tax rounding account as shown below. The tax code has been defined with Land Cost Flag set to Yes, so that tax on an item is included in item’s cost.
Work Around
N/A
Proposed Solution
We’re looking to book any differences that fall within the $50 tax tolerance following the same accounting as the item line (booked to an expense account). Currently, our tax tolerance setup is at $50, with tax code VAR and a default tax rounding account as shown below. The tax code has been defined with Land Cost Flag set to Yes, so that tax on an item is included in item’s cost. In the example shown below (INV116343), we would want the Distribution for Tax Code VAR to follow item distribution company, accounting unit, account and sub account (1-72200-601-5).
Tax Tolerance (AP00.4)
Tax Code Maintenance (TX02.1)
INV116343
Submitted by Dave DePrimo, Pilot Company
