Thanks a lot for your training sir, which is very helpful for me Keep on your good work.
@OracleEbizandFusionVideos4 жыл бұрын
Thanks for your feedback
@rohitjajoo86243 ай бұрын
Thank You sir great video and perfectly explained
@OracleEbizandFusionVideos3 ай бұрын
Glad it helped
@ruthbyrne9463 жыл бұрын
Thank you so much love your videos
@OracleEbizandFusionVideos3 жыл бұрын
Thanks for your feedback
@ogundejidavid9366 Жыл бұрын
Is there a rest api made available to be able to create withholding tax type invoice?. @OracleEbizandFusionVideos
@soniasharma51874 жыл бұрын
Very well explained. Thank you so much!
@OracleEbizandFusionVideos4 жыл бұрын
You're very welcome!
@azadsable25273 жыл бұрын
Whats the diffrence between TDS and withholding tax...
@OracleEbizandFusionVideos3 жыл бұрын
TDS and With holding tax are same... In India, we use the term "TDS"(Tax Deducted at Source), in other countries, the term "With holding Tax" is used
@kunisettiravikishore88413 жыл бұрын
Thank you sir
@OracleEbizandFusionVideos3 жыл бұрын
Welcome
@trktrendings73436 жыл бұрын
Thanks for your efforts .. Can you also explain how the implementation process in real time and preparation of BR100 and MD 50 and other requirement docs.
@OracleEbizandFusionVideos6 жыл бұрын
Hi, I can help you on this, can you ping me on my facebook page:- facebook.com/CAArvindVaraganti/
@palakondaiahuppu47894 жыл бұрын
Videos are awesome. keep it up.
@OracleEbizandFusionVideos4 жыл бұрын
Thanks for feedback
@azadsable25272 жыл бұрын
Arvind , can't we use WH Tax Codes individually on the invoice, is it mandatory to create tax groups?
@OracleEbizandFusionVideos2 жыл бұрын
Hi Azad, as you would have seen in the video, at supplier site, we can assign only WHT groups and not WHT Tax codes and hence its mandatory to create WHT groups and then assign the same under Supplier Sites
@furqankamran27783 жыл бұрын
Hi Arvind, our requirement is to calculate WHT on total invoice amount including GST/VAT, what the setup for that?
@OracleEbizandFusionVideos2 жыл бұрын
Under Payable Options --> With holding Tax Tab--> With holding Basis -->Check the check box "Include Tax Amount" and retest
@akshayjoshi41062 жыл бұрын
Hi sir... since we are aasigning wht group in site level how does ststem know which tax code to pick up idlf in case of multiple tax code in same group
@OracleEbizandFusionVideos2 жыл бұрын
As we are assigning WHT Group, system picks up all WHT codes under that group.. If you have a requirement of only one WHT code, then create a WHT group and assign only that single WHT code in the WHT group
@akshayjoshi41062 жыл бұрын
Oracle Ebiz and Fusion Videos That helps... in case of multiple codes in same group will it be always manual thing to apply tax code in ap invoice or can there any defaulting be done
@OracleEbizandFusionVideos2 жыл бұрын
In the case of multiple codes, system applies all the WHT codes in the WHT group to the invoice
@MyByzantine6 жыл бұрын
How different between WHT Tax create in AP Invoice and Create in Payment. When to use which one ?
@OracleEbizandFusionVideos6 жыл бұрын
It all depends upon the law of the country. Some countries say WHT invoice needs to be created during Payment and some countries say WHT invoice needs to be created during Invoice creation. Depending upon the requirement, WHT options needs to be setup in AP Payables Options
@MyByzantine6 жыл бұрын
@@OracleEbizandFusionVideos thanks for reply
@nehagupta53804 жыл бұрын
Thanks for the video,i did not get the amount range concept of WHT,So if the infoive amount is 10k then what would be the percentage ,is it 0 or 2,which range the system considering?
@OracleEbizandFusionVideos4 жыл бұрын
Sorry, ideally, i should have mentioned the range as "0" to "10000" for 0% and 10001 to 20000 for 2%... ... with this range, WHT will be "0" for 10,000
@AravindAchyuth5 жыл бұрын
Nice, I watch all Ur videos. Could you make video on recurring invoice, interest invoice
@OracleEbizandFusionVideos5 жыл бұрын
Please see the below video on AR Recurring invoices which i had created couple of weeks back:- kzbin.info/www/bejne/g2SuXpuVfph8iMU
@kasi366 жыл бұрын
Hi Aravind, Its very clear and nice explanation on with holding tax. Could you please make a video on how to post journals related to the mass allocation to one specific user.
@OracleEbizandFusionVideos6 жыл бұрын
There are already two videos on GL Mass Allocations on my channel. You can check them
@yasirarafat7974 жыл бұрын
Thanks for the video. When amount range is selected for withholding but withholding tax is calculated after deducting GST/VAT from invoice amount. How to deal with it?
@OracleEbizandFusionVideos4 жыл бұрын
Whether your requirement is to calculate WHT on total invoice amount including GST/VAT or on Invoice amount excluding GST/VAT?
@yasirarafat7974 жыл бұрын
@@OracleEbizandFusionVideos my requirement is excluding GST/VAT. But can you show both demo? Another query is when supplier WHT is calculated on cumulative amount in a financial year then what is the procedure?
@Neeru3695 жыл бұрын
Thanks for sharing this video.
@OracleEbizandFusionVideos3 жыл бұрын
Thanks
@ancersyed84764 жыл бұрын
Hi Aravind ...can you make a video on credit holds of the customer for the new as well as old customers also..for a existing project what are the things to be taken care... Existing customers exceeding the credit limits and how to control this??
@OracleEbizandFusionVideos4 жыл бұрын
Noted... I will
@deeppenetration1004 жыл бұрын
Great
@OracleEbizandFusionVideos4 жыл бұрын
Thanks
@mohsinchohan15505 жыл бұрын
hello i need solution I deduted 4 % tax on invoice but tax not paid but now situation is that we will paying only 1% & remaining 3 % will be paid to Supplier. What entry should make that reflect in ledger properly.
@OracleEbizandFusionVideos5 жыл бұрын
I assume your Invoice amount is say 1000 USD When WHT was calculated at 4%, the below journal entry would have been created (as part of WHT invoice in the name of Income tax Authority) WHT Payable A/c Dr 40 AP Liability A/c Cr 40 Now, you do not want to pay 30 dollars to Income tax authority, so create a Credit Memo against the above invoice which will generate the below entry:- AP Liability A/c Dr 30 WHT Payable A/c Cr 30 Now, Create another invoice in the name of Vendor which would create the below journal entry:- WHT Payable A/c Dr 30 AP Liaiblity A/c Cr 30
@sumitwani19066 жыл бұрын
Hi Arvind, In oracle financial cloud fusion,If we have secondary balancing segment enabled(suppose LOB is secondary balancing segment and Company is Primary balancing segment)then will the journals will be balanced at secondary balancing segment as well(at LOB) and can we generate balance sheet for secondary balancing segments?? Could you please resolve this doubt
@OracleEbizandFusionVideos5 жыл бұрын
Yes, if you have secondary balancing segment enabled, then the journals needs to be balanced by both Primary and Secondary balancing segment
@DithiDiyaAndKrithi3 жыл бұрын
can i have this topic in fusion?
@OracleEbizandFusionVideos3 жыл бұрын
Sure... i will make a note of this topic to be covered in my fusion videos
@harbajadun2 жыл бұрын
Bro you create amount range tax is wrong kindly recheck
@sushantkatte21316 жыл бұрын
Hi Aravind, Could you please do one video on explaining the Revenue Recognition process
@OracleEbizandFusionVideos6 жыл бұрын
There are already videos on AR Invoicing and Accounting rules on my channel. Please see below:- kzbin.info?o=U&video_id=ODkWIE6cRMI
@vishnummenon59253 жыл бұрын
Hi Arvind Thanks for your video. Can you please tell the difference of Recoverable and Non Recoverable tax and it's difference in terms of concept and accounting in Ap module (assuming a simple case of a non po invoice)
@OracleEbizandFusionVideos3 жыл бұрын
In layman terms, recoverable means you can recover the tax paid.... Tax paid in AP is called Input tax and tax in AR is called Output tax... What ever we collected in AR needs to be paid to Govt.... Whatever we have paid in AP and which is treated as Recoverable (Based on tax laws), that recoverable AP tax can be offset again AR tax... only net amount needs to be paid to Govt... Ex:- If tax collected in AR is say 100 dollars and in AP recoverable tax paid is say 20 dollars...then net only 80 dollars (i.e. 100 -20) needs to be paid to Govt
@vishnummenon59253 жыл бұрын
@@OracleEbizandFusionVideos so in AP module the recoverable tax account gets debited and liability get credited during invoice accounting correct?
@OracleEbizandFusionVideos3 жыл бұрын
Thats right
@donutdella94434 жыл бұрын
Thank you for your videos! This is really helpful. Can you please provide on oracle payments setups and end to end of processing of payments also for all the payment methods EFT,Wire and Clearing.
@OracleEbizandFusionVideos4 жыл бұрын
Sure
@saurabh23rock6 жыл бұрын
Thanks for this video.... could you please provide video on Ar Application rule set and cash rule set concept
@OracleEbizandFusionVideos6 жыл бұрын
Sure. I will make a note of this and will try in my future videos
@mahmoudmohamed-xd5ls6 жыл бұрын
Unrelated question: how can i schedule my payments in AP? as an example when i record an invoice i want to pay in 5 payments in different dates accordingly with my cash in? and if that possible there is any alerts can alarm me at this dates? and also can i connect this payments dates with my cash in dates or AR dates ?? thank you for your effort
@OracleEbizandFusionVideos6 жыл бұрын
There are separate vidoes on Oracle AP PPR process in my channel. PPR process can be scheduled to run on daily basis and it picks up the invoices which are due on those dates. With regard paying one invoice in five different instalments, you can create one invoice with five payment schedules (you can achieve this by creating appropriate payment terms and assigning the same to invoice or else you can manually create 5 payment schedules lines for a invoice). When PPR runs then it accordingly makes the payment of the amount mentioned in AP payment schedules tab of invoice
@mahmoudmohamed-xd5ls6 жыл бұрын
@@OracleEbizandFusionVideos can you past the video link here or maybe make a new videos to explain that ? and you need to know that i am a user i have no access to setup anything but i will ask the IT to do it after i understand it correctly thank you in advance
@OracleEbizandFusionVideos6 жыл бұрын
Please see the video link for AP PPR process:- kzbin.info/www/bejne/rXrXaImOmL54pbs
@shahzaibiqbal59972 жыл бұрын
good sir
@OracleEbizandFusionVideos2 жыл бұрын
Thanks and keep following my channel
@drsnreddy822 жыл бұрын
Can you do video on India Localisation?
@OracleEbizandFusionVideos2 жыл бұрын
I will add this topic to my to do list of topics
@azadsable2527 Жыл бұрын
I need to understand the AP Withholding Invoice Accounting Entries with their sources for the below Withholding Tax Options. Calculation Point : Payment Tax Invoice Creation Point : Payment
@OracleEbizandFusionVideos Жыл бұрын
Please see below accounting entries for With holding tax amount of say 10 on expense of 100 When AP Invoice is created:- Exp A/c Dr 100 AP Liability A/c Cr 100 When Payment is made:- AP Liability A/c Dr 100 Bank A/c Cr 90 Withholding Tax Payable A/c cr 10 When WHT invoice is created in the name of Tax Authority:- Withholding Tax Payable A/c Dr 10 AP Liaibility A/c Cr 10 When payment is made for this WHT invoice:- AP Liability A/c Dr 10 Bank A/c Cr 10
@mshivatejareddy6096 жыл бұрын
Hi Sir, can u make a Session on EB-Tax
@OracleEbizandFusionVideos6 жыл бұрын
Sure. I will make a note of that and will try in my future videos
@OracleEbizandFusionVideos5 жыл бұрын
Hi, Based on your request, i had created my first video on EB-tax. Stay tuned to my channel for more videos on Ebtax:- kzbin.info/www/bejne/eIa9mJmLqr2Jiqc
@nehagupta53804 жыл бұрын
I mistakenly took this training www.udemy.com/course/oracle-apps-r12-financials-training from Udemy and what a blunder it is,thank god i have some knowldege of product and Finance otherwise, if i were a fresher then i think my whole future would have ruined....m really very angry on such trainers which mislead their students...