Tax Point Date Adjustment

Use the Tax Point Date Adjustment feature to change the tax point date for transactions with a tax point basis of Invoice.

You can change the tax point date on an Oracle Payables or Oracle Receivables transaction at either header or line level. When you change the tax point date at the header level, the new tax point date applies to the transaction lines where the tax point date isn't specifically modified.

The feature consists of these processes:

• Select Transactions for Tax Point Date Adjustment process: Selects transactions to download to a spreadsheet. You can apply bulk updates to the tax point dates of the selected transactions using a spreadsheet, and then upload your changes for processing.

• Tax Point Date Adjustments process: Selects transactions where you must adjust the tax point date, and updates the tax lines accordingly.