Use Extended Precision to Round Unit Tax
Use extended precision to round the amount for the unit tax from tax line details. If you don't enable this feature, then Oracle Pricing will use standard precision.
Realize these benefits:
- Use the level of precision that you need to meet your specific requirements.
Consider an example without this feature. Assume a quantity of 12:
|
Unit Price |
Extended Amount |
|
|
List Price |
10.08 |
10.08 * 12 = 120.96 |
|
Net Price |
10.08 |
10.08 * 12 = 120.96 |
|
6% Tax, rounded to standard precision |
10.08 * 6% = 0.6048 Rounded to 0.61 |
0.61 * 12 = 7.32 |
|
Net Price plus Tax |
10.08 + 0.61 = 10.69 |
10.69 * 12 = 128.28 |
Here's how it works when you use this feature:
|
Unit Price |
Extended Amount |
|
|
List Price |
10.08 |
10.08 * 12 = 120.96 |
|
Net Price |
10.08 |
10.08 * 12 = 120.96 |
|
6% Tax, rounded to extended precision |
10.08 * 6% = 0.6048 Rounded to 0.60480 |
0.60480 * 12 = 7.2576 Rounded to 7.26 |
|
Net Price plus Tax |
10.08 + 0.60480 = 10.68480 |
10.68480 * 12 = 128.2176 Rounded to 128.22 |
Steps to Enable
Use the Opt In UI to enable this feature. For instructions, refer to the Optional Uptake of New Features section of this document.
Offering: Order Management
Functional Area: Pricing
Parent Feature: Set Your Options for Pricing Calculation
Feature: Use Extended Precision to Round Unit Tax
Key Resources
Access Requirements
Users who are assigned a configured job role that contains these privileges can access this feature:
- Price Sales Transactions (QP_PRICE_SALES_TRANSACTIONS)
This privilege was available prior to this update.