Oracle company confidential, 2006
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Oracle company confidential, 2006
International Withholding & PrepaymentsRamakrishnan BalajiPayables Product Strategy
Oracle company confidential, 2006
The following is intended to outline our general product direction. It is intended for information
purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any
material, code, or functionality, and should not be relied upon in making purchasing decisions.The development, release, and timing of any
features or functionality described for Oracle’s products remains at the sole discretion of Oracle.
Oracle company confidential, 2006
Agenda
• International Withholding
• Prepayment in Payables
• Q&A
“This presentation is for informational purposes only and may not be incorporated into a contract or agreement.”
Oracle company confidential, 2006
International WithholdingProcess Flow
Oracle company confidential, 2006
International WithholdingProcess Flow
Oracle company confidential, 2006
International WithholdingSetup
• Rules• Classes• Types• Jurisdictions• Entities
• Define withholding remit vendor or vendors• Assign combination of withholding types, jurisdictions,
classes and rules that apply
Oracle company confidential, 2006
International WithholdingRules - Types
Oracle company confidential, 2006
International WithholdingJurisdictions
Oracle company confidential, 2006
International Withholding
Oracle company confidential, 2006
International Withholding
Oracle company confidential, 2006
International Withholding
Oracle company confidential, 2006
International Withholding Withholding Reports
Oracle company confidential, 2006
International Withholding
Oracle company confidential, 2006
Withholding Process Flow
• Enter withholding vendors• Enter withholding vouchers• Pay the vouchers
• Depending on the withholding setup, system may generate separate withholding payment to the tax authority when the voucher is paid or just calculate the withholding for reporting to the tax authority
• Post the withholding• View withholding balances online• Generate withholding reports
Oracle company confidential, 2006
Complex Withholding scenarios
• Exonerate vendors from withholding• Use tiered-based withholding• Use period-based withholding• Calculating withholding on prepayments
Oracle company confidential, 2006
International WithholdingTier based withholding
Oracle company confidential, 2006
International Withholding Period based withholding
• Set up a withholding rule with a line for each percentage withholding and basis amount range
• Define a calendar with monthly periods• Define withholding categories on the withholding
entity page that join the withholding rule with the monthly calendar
Oracle company confidential, 2006
International Withholding
Oracle company confidential, 2006
Prepayments in Payables
• Allows a payment to be made to a vendor without an invoice
• Creates accounting entries for the prepayment• Applies VAT and withholdings to the prepayment• Facilitates the application of the final voucher to the
prepayment
Oracle company confidential, 2006
Prepayment Process Flow
• Enter and pay a prepaid voucher immediately• Enter the vendor’s invoice as a regular voucher• Apply or link the regular voucher and prepaid voucher
prior to payment of the regular voucher• Prepayment application can be performed either in a
batch process (part of voucher posting) or manually
Oracle company confidential, 2006
PrepaymentsAttributes
• Has all the attributes like a regular voucher including document sequencing, VAT and withholding
• Contains only 1 voucher line and 1 distribution• Linking regular and prepaid voucher using
prepayment reference
• Exceptions Include• Discounts• Split Payments
Oracle company confidential, 2006
Prepayments
Oracle company confidential, 2006
Prepayments
Oracle company confidential, 2006
Prepayments
Oracle company confidential, 2006
Prepayments
Oracle company confidential, 2006
Prepayments
Oracle company confidential, 2006
Prepayments
Oracle company confidential, 2006
Prepayments
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