Answer / tgs100

United States uses SALES and USE Tax. Taxes are applicable at Federal, state level, county level and city level. In EBusiness Tax, We need to create Regime to Rate setup.
1. Create a Regime - In this case, we can create one regime for US
2. Create Taxes. We can create different taxes for Federal, State, County and City. In this setup, control defaults are defined.
3. Create Jurisdictions for each Tax. For state tax, all the states in US will be jurisdictions.
4. Create Tax status and Tax rates.
5. Create Rules. Here we create the on what conditions, the rates are applicable. Ex. Based on bill to customer, balancing segment, etc
Note: In Oracle Fusion, there is a functionality called "Simulation" which can be used to test the tax setup. Once satisfied, we can enable the tax setup for actual transactions.

Answer / srinu

We can use EBT R12. For creating any tax

 

Answer / srinivas

We can use ebt for tax. In 11i don't have tax.

how to load ap invoice from legacy to our system and should show the paid invoice as paid and un paid as unpaid

3 Answers   Accenture, SDF,

---

what is accounting entries of p2p

5 Answers   Ernst Young,

---

What is ment by depreciation override? Can we override depreciation?

1 Answers   UST,

---

What are register in India localisation?

0 Answers   KPIT,

---

Advance paid to Employee 1000$. Employee incurred expenses of 800$ and he returned 200$. How can you perform these steps in AP?

7 Answers   ASD Lab, Shriram, Sierra Atlantica, TCS, Technosoft,

---

While Performing Data Migration from Legacy system to Oracle what are the requisites you will perform as a functional consultant for GL, AP, AR, and PO.

1 Answers   Hitachi,

---

i am trying to raise transaction in AR , item is not select this work bench, i am trying to different supplier, i am face that again same problem . pls send me my problem.

2 Answers   Oracle,

---

what is the accounting convention? what are they?

1 Answers   IBM,

---

There is employee X and employee Y (who is supervisor of X); when Y submits expenses how will the system ensures that this should not go to X even if he has the approval authority.

2 Answers  

---

what is invoice variance in ap

1 Answers   iGate, TCS,

---

What are the different calendars used in FA Module?

1 Answers  

---

What is the process (including setups) of Assets from PO module to Assets Module in Oracle Financials?

1 Answers   DELL,

---