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Procesing Automatic Bank Statements (R09616)

Rashied Dolley

We have multiple transactions on the bank statement that has different tax treatment (interest - no VAT , Bank Chargers - Vatable the Automatic bank statement Accounting set up only allow one tax rate area per bank account set up.

Can I create multiple rule for various transactions on the bank statement.

3 Posts
264 Views

Rashied Dolley

@Asif Esbhani

Issue with VAT calculation in Process Automatic Bank Statements.docx

Hi Asif
Good to here that you have experience in this area.
I've attached some details for you to explain our problem around VAT-able or Non-VAT-able rules. From the bank statement, some transaction generated by the bank are VAT-able and some are not. The feedback from Oracle is that it work as designed and will not likely change it.

Asif Esbhani

@Rashied Dolley Please provide specific example / business case. We automated our bank statement processing. And may be able to help you. Thanks!