(Release 9.2 Update) Understanding Tax on Landed Cost Processing during Voucher Match
The JD Edwards EnterpriseOne Procurement Management system enables you to account for the tax amount associated with the landed cost of an item, when creating vouchers.
Tax can be applied on landed cost during voucher match and can also be reversed along with the landed cost during the voucher match reversal process.
To apply tax on landed cost for an order, set the Tax Y/N option for the corresponding landed cost detail line to "Y" in the Voucher Match program (P4314). The system fetches the Tax Rate/Area and Tax Explanation Code associated with the supplier assigned to the landed cost, from the Supplier Master table and calculates the tax amount (as per the tax rules) for the landed cost.
The system updates the following tables with the landed cost tax amount during voucher match processing.
F43121: P.O Receiver File table. Tax amount is logged as a variance amount.
F0911: Account Ledger table. Tax amount is recorded according to the Tax Explanation Code selected.
F0411: Accounts Payable Ledger table
After the Voucher is posted, the system updates the Taxes table (F0018) with the tax amount (as per the processing options setup for the Batch Post report - R09801).
Tax can also be applied on landed cost during:
Redistribution of purchase order from logged vouchers
EDI transactions