Hello FSM Community,
Please review and endorse our ER if this feature could help improve your processes.
https://mingle-portal.us2.prd3.inforcloudsuite.com/v2/CONCIERGE_PRD/?LogicalId=lid://infor.cxp.1&Tab=ERS&ERId=122242
Vendors register to charge and collect VAT based on various threshholds. Once registered for VAT, certain goods and/or services are subject to VAT based on the legislated rates. In FSM a Vendor can carry VAT Registration Numbers, Country codes, and have a default Tax Code and Tax Indicator defined, which defaults to an Invoice. However, this information doesn't default to the Purchase Order. Currently, the Buyer has to confirm the vendor tax status and update the header line defaults. An item's taxable status defaults to the PO on the basis of the item's tax basis.
Users currently review and/or override taxes on POs when applicable. Reliance on user review without any system warnings or controls compromise controls and financial integrity of calculations and reported amounts.
