Hello FSM Community,
Please review and endorse our ER if this feature could help improve your processes for tax processing and budgeting.
https://mingle-portal.us2.prd3.inforcloudsuite.com/v2/CONCIERGE_PRD/?LogicalId=lid://infor.cxp.1&Tab=ERS&ERId=122242
Vendor tax, in this scenario it’s VAT, only defaults to the invoice; it doesn't default to a PO. The entity tax is landed and allocated to the expense distribution. The tax amount also needs to be included in the budget edit check for the encumbrance. To ensure tax is included in the budget edit on a PO, the Buyer has to confirm the vendor’s registered 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 rather than the vendor's ability to charge and collect VAT.
Buyers review and/or override taxes on POs when applicable. Reliance on a Buyer adding or forgetting tax is done without any system warnings or controls, which compromises system controls and financial integrity of calculations and reported amounts.
REQUIREMENT
We'd like to see the tax status on a PO Header default from the Vendor (based on VAT registration status), Tax Code and Tax Indicator values, followed by the application of tax from the item's default tax rate at the line level. If there was a flag that allowed the vendor's tax and tax indicator status to default to the PO we could ensure that tax is only recorded and accounted for based on the vendor's ability to charge and collect VAT.
