Invoice Products with VAT in a Counter Sale Environment

PeopleSoft Order Management typically estimates taxes, which are recalculated in PeopleSoft Billing. In the counter sale environment, taxes are not recalculated in PeopleSoft Billing when the transaction is paid up front or paid fully by a deposit. However, Billing always recalculates taxes for partially paid invoices and fully paid invoices if a third-party tax package is being used. Taxes are calculated in PeopleSoft Order Management at the tax authority level. Similarly, third-party tax calculations and freight tax are also stored at the tax authority level.

For VAT, the schedules are grouped by VAT code, and the tax is calculated and prorated to the schedules.

For product kits, VAT defaults are determined based on the product kit (parent) level on the sales order. VAT amounts are calculated at the parent kit level. These orders will not be exploded into separate components if the order has been paid for up front.

For counter sale customers who typically want the items shipped to their address instead of picking up the items; the system calculates the VAT of the sales order freight automatically. However, the CSR can also add an order line for the freight product ID in order to pass additional freight charges on to the customer.