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February 23, 2017

2/23/2017 02:32:00 AM
Oracle EB tax upgrade issues



Terminology - 11i Taxes vs R12 Taxes


ü  What is Configuration Owner Option (COO)? – This is an Setup Option in Tax Manager Responsibility used to control how taxes has to apply on each Event Class for each Application
ü   Application = Receivables, Payables etc
ü   An event class would be Invoices, Credit Memo, Debit Memo’s etc..
ü  After an upgrade the system will set "Configuration Owner Tax Options" for each product and event class
ü  This will be set as "Standard Tax Classification Code" or STCC following an upgrade. This, combined with the Direct Rate Rule that are created during the 11i upgrade result in a unique branch of Tax Code to be called when calculating taxes.
 
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