r13 Financials WN

TABLE OF CONTENTS
REVISION HISTORY ········································································································································································································· 4

OVERVIEW ···························································································································································································································· 4
RELEASE FEATURE SUMMARY ················································································································································································ 5
COMMON TECHNOLOGIES AND USER EXPERIENCE ··································································································································· 8
COMMON FINANCIALS FEATURES ················································································································································································ 8
Add Who Columns for Auditing ················································································································································································ 8
Enhanced Integration Between Financials Cloud and EPM ·································································································································· 9
ERP Object Attachment Service ·············································································································································································· 9
Inbound and Outbound Data File Encryption Using ERP Integration Service ···································································································· 10
FINANCIALS ······················································································································································································································· 13
ADVANCED COLLECTIONS ··························································································································································································· 13
Display On-Account and Unapplied Receipts in the Transactions View ············································································································· 13
ASSETS ····························································································································································································································· 14
Alias Support for Key Flexfields in Assets ····························································································································································· 14
Asset Leases ··········································································································································································································· 14
Automatically Derive Depreciation Expense for Assets ······································································································································· 22
Payables Invoice Details During Asset Conversions ············································································································································ 23
Redesigned OTBI Subject Areas for Assets ························································································································································· 23
Spreadsheet-Based Mass Detail Changes for Assets ········································································································································· 24
BILL MANAGEMENT ········································································································································································································ 25
Bill Management ····································································································································································································· 25
BUDGETARY CONTROL ································································································································································································· 27
Budgetary Control Year-End Carry Forward ························································································································································· 27
Enhanced Budgetary Control Processing and Reporting ····································································································································· 27
Enhanced Attributes for Budgetary Control - Transactions Real Time Subject Area ························································································· 29
New Budgetary Control - Balances Real Time Subject Area ······························································································································· 29
CASH MANAGEMENT ····································································································································································································· 30
Enhanced Bank Statement Handling and Reconciliation Features ····················································································································· 30
Extended Cash Forecasts ······················································································································································································ 30
Treasury Management Integration ········································································································································································· 30
EXPENSES ························································································································································································································ 31
Enhanced Compliance with Entertainment Policies ············································································································································· 31
Improved Controls for Expedited Expense Reimbursement ································································································································ 33
Mobile Expenses Enhancements ··········································································································································································· 37
Remittance Advice and Tokenization with Corporate Card Processing ·············································································································· 40
GENERAL LEDGER ········································································································································································································· 42
Clearing Accounts Reconciliation ·········································································································································································· 42
General Ledger Reporting ······················································································································································································ 49
Journal Posting Improvements ·············································································································································································· 50
PAYABLES ························································································································································································································ 50
Deferred Expenses ································································································································································································· 51
Duplicate Invoice Check ························································································································································································· 51
Supplier Balance Aging Report ·············································································································································································· 51
RECEIVABLES ·················································································································································································································· 52
Ability to Settle Tokenized Credit Card Transactions from Third-Party System ································································································· 52
Ability to Unapply Standard Credit Memos from Invoices ···································································································································· 56
Credit Management ································································································································································································ 58
E-Mail Delivery of Statements ················································································································································································ 64
SUBLEDGER ACCOUNTING ·························································································································································································· 68
Export Accounting Entry View in Spreadsheet ····················································································································································· 68
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Subledger Reporting ······························································································································································································· 69
Usability Enhancements for Subledger Accounting - Journals Real Time Subject Area ··················································································· 69
TAX ····································································································································································································································· 70
Enhanced Support for Tax Partner Integration ····················································································································································· 70
Tax Box Allocations ································································································································································································ 71
REGIONAL AND COUNTRY-SPECIFIC FEATURES ········································································································································ 72
FINANCIALS FOR REGIONAL LOCALIZATIONS ························································································································································ 72
Exchange Rate Difference Invoices ······································································································································································· 72
FINANCIALS FOR THE AMERICAS ··············································································································································································· 76
Argentina ······················································································································································································································· 76
Document Numbering for Argentina ······································································································································································ 76
Transaction Tax Reporting for Argentina ······························································································································································ 77
Withholding Taxes for Argentina ············································································································································································ 77
Brazil ····························································································································································································································· 78
Accounting (SPED) for Brazil ················································································································································································· 78
Order to Cash for Brazil ·························································································································································································· 79
Procure to Pay for Brazil ························································································································································································ 80
Taxpayer ID and Tax Registration Validation for Brazil ········································································································································ 82
Transaction Tax for Brazil ······················································································································································································ 83
Withholding Tax for Brazil ······················································································································································································ 85
Chile ······························································································································································································································ 87
Transaction Tax Reporting for Chile ······································································································································································ 87
Colombia ······················································································································································································································· 87
Transaction Tax Reporting for Colombia ······························································································································································· 87
Withholding Taxes for Colombia ············································································································································································ 87
FINANCIALS FOR ASIA/PACIFIC ··················································································································································································· 89
Japan ····························································································································································································································· 89
Enhanced Depreciation Methods for Japan Tax Reforms ··································································································································· 89
Fixed Assets Reports for Japan ············································································································································································· 90
"What If Analysis" Improvements for Japan Tax Reforms ··································································································································· 91
Korea ····························································································································································································································· 92
VAT Processing and Reporting for Korea ····························································································································································· 92
Withholding Tax Processing and Reporting for Korea ········································································································································· 94
FINANCIALS FOR EMEA ································································································································································································· 96
France ··························································································································································································································· 96
Audit File for France ······························································································································································································· 96
3
REVISION HISTORY
This document will continue to evolve as existing sections change and new information is added. All updates
are logged below, with the most recent updates at the top.
Date What's Changed Notes
27 JUN 2017 Asset Leases Updated screenshots.
Ability to Settle Tokenized Credit Card Transactions from Third-Party Added links to Key
27 JUN 2017
System Resources
21 APR 2017 Initial Document Creation
OVERVIEW
This guide outlines the information you need to know about new or improved functionality in this release, and
describes any tasks you might need to perform for the update. Each section includes a brief description of the
feature, the steps you need to take to enable or begin using the feature, any tips or considerations that you
should keep in mind, and the resources available to help you.
GIVE US FEEDBACK
We welcome your comments and suggestions to improve the content. Please send us your feedback at
oracle_fusion_applications_help_ww_grp@oracle.com.
4
RELEASE FEATURE SUMMARY
Action Required to Enable Feature
End Oracle
User Administrator Service
Automatically Action Action Request
Feature Available Required Required Required
Common Technologies and User

Experience
Common Financials Features
Add Who Columns for Auditing
Enhanced Integration Between

Financials Cloud and EPM
ERP Object Attachment Service
Inbound and Outbound Data File

Encryption Using ERP Integration
Service
Financials
Advanced Collections
Display On-Account and Unapplied
Receipts in the Transactions View
Assets
Alias Support for Key Flexfields in
Assets
Asset Leases
Automatically Derive Depreciation

Expense for Assets
Payables Invoice Details During Asset
Conversions
Redesigned OTBI Subject Areas for
Assets
Spreadsheet-Based Mass Detail
Changes for Assets
Bill Management
Bill Management
5
Budgetary Control
Budgetary Control Year-End Carry
Forward
Enhanced Budgetary Control
Processing and Reporting
Enhanced Attributes for Budgetary
Control - Transactions Real Time
Subject Area
New Budgetary Control - Balances
Real Time Subject Area
Cash Management
Enhanced Bank Statement Handling
and Reconciliation Features
Extended Cash Forecasts
Treasury Management Integration
Expenses
Enhanced Compliance with
Entertainment Policies
Improved Controls for Expedited
Expense Reimbursement
Mobile Expenses Enhancements
Remittance Advice and Tokenization

with Corporate Card Processing
General Ledger
Clearing Accounts Reconciliation
General Ledger Reporting
Journal Posting Improvements
Payables
Deferred Expenses
Duplicate Invoice Check
Supplier Balance Aging Report
Receivables
Ability to Settle Tokenized Credit Card
Transactions from Third-Party System
Ability to Unapply Standard Credit
6
Ability to Unapply Standard Credit
Memos from Invoices
Credit Management
E-Mail Delivery of Statements
Subledger Accounting
Export Accounting Entry View in
Spreadsheet
Subledger Reporting
Usability Enhancements for Subledger

Accounting - Journals Real Time
Subject Area
Tax
Enhanced Support for Tax Partner
Integration
Tax Box Allocations
Regional and Country-Specific

Features
Financials for Regional Localizations
Exchange Rate Difference Invoices
Financials for the Americas

Argentina
Document Numbering for Argentina
Transaction Tax Reporting for

Argentina
Withholding Taxes for Argentina
Brazil
Accounting (SPED) for Brazil
Order to Cash for Brazil
Procure to Pay for Brazil
Taxpayer ID and Tax Registration

Validation for Brazil
Transaction Tax for Brazil
Withholding Tax for Brazil
Chile
7
Transaction Tax Reporting for Chile
Colombia
Transaction Tax Reporting for
Colombia
Withholding Taxes for Colombia
Financials for Asia/Pacific

Japan
Enhanced Depreciation Methods for
Japan Tax Reforms
Fixed Assets Reports for Japan
"What If Analysis" Improvements for

Japan Tax Reforms
Korea
VAT Processing and Reporting for
Korea
Withholding Tax Processing and
Reporting for Korea
Financials for EMEA
France
Audit File for France
COMMON TECHNOLOGIES AND USER EXPERIENCE
COMMON FINANCIALS FEATURES
This section provides an overview of common features in Oracle Financials Cloud Release 13, which
represent overall investments in technology and user experience that are shared across Financials products.
ADD WHO COLUMNS FOR AUDITING
Auditing requirements are better supported by the addition of tracking columns in reporting.
Who columns have been added to OTBI subject areas for Payables Invoices and Expense Transactions in Release 13,
allowing users to report on Created By, Last Updated By, Creation Date, and Last Update Date.
Reports can now include information about when transactions were created and modified and by whom for all the following
entities in Financials:
8
Payables Invoices * and Payments Receivables
Budgetary Control Cash Management
Intercompany Subledger Accounting
Common Dimensions (Ledger, Ledger Set, Legal

Expenses *
Entity)
* New in Release 13
STEPS TO ENABLE
No steps are required to enable this feature.
ENHANCED INTEGRATION BETWEEN FINANCIALS CLOUD AND EPM
The current integration between Financials Cloud and EPM Cloud applications has been enhanced to provide
a more seamless integration experience. The updated integration allows users to pick the desired source
ledger from Financials Cloud, set up a few simple mappings, and then push a button to bring the data into
EPM Cloud applications.
Set up mappings between the Planning application and Financials Cloud General Ledger to write back Budgets from
Planning to Financials Cloud.
This integration, which can be run manually or scheduled for a specific time, no longer requires manual steps in Financials
Cloud and EPM Cloud. The updated integration also sets up the drill definition automatically, which eliminates errors that
may be caused when manually defining a drill definition.
Security is integrated between EPM and ERP to allow users to access information across these applications without
separate sign on.
STEPS TO ENABLE
ERP OBJECT ATTACHMENT SERVICE
The ERP Object Attachment Service supports the automatic upload of attachments for Oracle ERP Cloud
business applications. An attachment represents a collection of meaningful business information that is
commonly captured as a separate file, text, or internet URL. Use Attachments to supplement and provide
key additional information to enhance daily business operations and better track financials activities or
events.
Business enterprises often require the capability to efficiently associate specific attachments with a particular business entity
or collection of business entities. For example:
Payables invoices may need to be associated with supporting documents such as duplicate invoices, payments, etc.
Receivables transactions may need to be linked to customer-centric documents.
Purchase orders may need supplementary files attached to indicate additional details related to specific goods or
services procured or the nature of the overall purchase.
STEPS TO ENABLE
SECURITY CONSIDERATIONS
You must inherit the Load Interface Admin duty role ORA_FUN_FSCM_LOAD_INTERFACE_ADMIN_DUTY to the
integration user.
For more information on the security considerations, see Oracle ERP Cloud Object Attachment Service.
9
INBOUND AND OUTBOUND DATA FILE ENCRYPTION USING ERP INTEGRATION SERVICE
Data files can now be secured between Oracle ERP Cloud and on-premise, PaaS applications, and legacy
systems. This ensures inbound or outbound data files are transmitted over the Internet securely to protect
company sensitive information and financial transactions like journal entries, invoices, payments and bank
records, data encryption is a critical and essential element in implementing your integrations with Oracle ERP
Cloud.
This is supported by the ERP Integration Service that supports interfaces across Financials, Project Portfolio Management,
Procurement, and Supply Chain Management. This service provides the ability to protect both inbound and outbound data
files, in addition to SSL and Oracle Web Service Manager (OWSM) message protection policy over the internet.
The following diagram illustrates the File-Based Data Import (FBDI) import integration flow in the context of data encryption.
The following diagram illustrates the export integration flow in the context of data encryption (extracting data out from ERP
Cloud).
STEPS TO ENABLE
PGP KEYS
Oracle ERP Cloud supports Pretty Good Privacy (PGP) unsigned encryption with 1024 key size. There are two types of
encryption keys:
Oracle ERP Cloud Key

Customer Key
The Oracle ERP Cloud PGP public key is used to encrypt the data file and the respective private key is used by the import
bulk data process to decrypt the data file before starting load and import process. The file stored in the content server, UCM,
remains encrypted.
ERP Cloud uses a customer PGP public key to encrypt the extracted file and upload to UCM. Use the customer private key
to decrypt the file in on-premise or PaaS systems.
10
MANAGING PGP CERTIFICATES
Certificates establish keys for the encryption and decryption of data that Oracle Cloud applications exchange with other
applications. The Security Console is an easy-to-use administrative interface, accessed by selecting Tools > Security
Console on the home page, or from the Navigator. Use the Certificates page in the Security Console functional area to
manage PGP certificates..
GENERATE ERP CLOUD PGP CERTIFICATE
From the Certificates page, select the Generate option. On the Generate page, select the certificate format PGP and enter
values appropriate for the format.
For a PGP certificate, these values include:
An alias (name) and passphrase to identify the certificate uniquely

The algorithm by which keys are generated (DSA or RSA)
Key length – select 1024
Once the key is generated, export the public key to encrypt the FBDI data file.
EXPORT CUSTOMER PGP PUBLIC KEY
Follow these steps to export the public key:
From the Certificates page, select the menu available in the row for the certificate to export or open the details page
for the selected certificate and select its Actions menu.
In either menu, select Export > Public Key.
Select a location for the export file. By default, this file is called [alias]_pub.asc
IMPORT CUSTOMER PGP PUBLIC KEY
The customer public key is used by ERP Cloud to encrypt outbound files. The file is decrypted using the customer private
key. Follow these steps to import the customer public key:
On the Certificates page, select the Import button.
11
On the Import page, select PGP and specify an alias (which need not match the alias of the file being imported).
Browse for the public-key file, and then select Import and Close.
The Certificates page displays a record for the imported certificate, with the Private Key cell unchecked.
KEY RESOURCES
Refer to the following resources for further details on automating the bulk import process and bulk export
process as well as encrypting data files:
ERP Integration Services - Import Data
ERP Integration Services - Export Data
Inbound and Outbound Data File Encryption through ERP Integration Service
12
FINANCIALS
Oracle Financials Cloud offers an integrated financial management suite that is designed to automate,
streamline, and manage financial processes end-to-end. It simplifies controls, increases productivity, and
improves business decisions through a broad suite of capabilities for general ledger, accounts payable,
accounts receivable, fixed assets, expenses, collections, and cash management, as well as centralized
accounting, tax, payment, and intercompany engines.
ADVANCED COLLECTIONS
Advanced Collections provides a comprehensive solution to manage day-to-day collection

operations. Automation capabilities for the collection process enable collection agents to focus on work
assigned to them and follow up on tasks. A collections agent can review customer information, record
promises, submit payments, and request adjustments or disputes. Collections strategy management
automatically identifies and applies a list of both automated and manual tasks to improve the collection
experience for both customers and collections agents. Smart processes run in the background, providing
accurate and up-to-date information to the collector.
DISPLAY ON-ACCOUNT AND UNAPPLIED RECEIPTS IN THE TRANSACTIONS VIEW
The Transactions tab for customers provides an enhanced view displaying the on-account and unapplied
receipts together with other types of transactions. This feature provides collection agents a more holistic view
of delinquent customers.
To view the list of receipts, you can filter the transactions by Class or Receipt Date. Alternatively, you can use Query-by-
Example (QBE) to search for a specific receipt.
13
STEPS TO ENABLE
ASSETS
Assets simplifies fixed asset accounting tasks and automates asset management. Use Assets as a unified
source of asset data from both Oracle Applications Cloud and external feeder systems to provide visibility
into worldwide assets. Standard management tasks, such as asset additions, asset transfers, disposals,
reclassifications, financial adjustments, and legacy data conversions can be streamlined with automated
business flows. Standard accounting, operational, and registry reports are available for ease of reconciliation
and analysis.
ALIAS SUPPORT FOR KEY FLEXFIELDS IN ASSETS
Reduce data errors and improve usability of asset flexfields by using aliases for asset key flexfield
combinations, such as asset physical locations or asset categories. For example, you can create an alias
named HQ to represent the physical location of your company's headquarters.
All the Assets transaction pages and spreadsheets now support aliases for asset key flexfields.
The following screenshot illustrates the feature and its benefits.
Expedite Asset Category selection in the Add Assets page
STEPS TO ENABLE
Navigate to the Manage Asset Key Aliases, Manage Location Aliases, or Manage Category Aliases pages in
Functional Setup Manager to set up the aliases as required.
ASSET LEASES
Use the Asset Leases feature to:

Manage your finance and operating leases, comply with ASC 842 and IFRS 16 by creating right-of-use assets and
lease liability, and handle the appropriate accounting.
Calculate periodic interest expense for finance lease assets.
Calculate periodic lease expense for operating lease assets.
Generate and transfer invoices for periodic lease payments to Payables.
Terminate an asset lease or any of its right-of-use assets after reviewing its impact on the liability balance.
Change material details, such as lease term duration, or make payment schedule changes after reviewing their
impact on the liability balance, or both.
14
The following screenshots illustrate the feature and its benefits.
Single view of leases, lease payments, and pending lease transactions
Captured pertinent lease information
Enter the lease contract details such as the lease term, discount rate, lease classification, and payment schedule, or attach
any documents such as the lease contract to your lease.
15
Liability and lease payments tracked by period, interest and invoice due dates
Generate the amortization schedule over the entire lease term and preview the amortization schedule before material
changes.
The amortization schedule drives the schedule of lease payments, including the interest and principal amounts and lease
liability balance.
Review material changes to leases
16
Lease termination (planned or unplanned) with liability impacts at period end
17
Changed financial terms or recurring payments
Comprehensive lease inquiry drilldown to right-of-use assets and their amortization schedules
18
STEPS TO ENABLE
1. Allow leased assets for the asset book
2. Confirm Manage Leases task appears for the book from the Assets Landing Page for the lease asset book.
3. Review your leased asset categories ensuring the category type is Lease and Ownership is Leased.
4. Review the lease accounts such as Asset Cost, Depreciation Expense and Depreciation reserve accounts. Assign the
lease liability, lease clearing account, gain or loss on leased assets, lease interest expense for finance leases, operating
lease expense for operating leases accounts.
19
5. Setup the Payment Types Excluded from Liability and Payment Types Excluded from Cost from the Default Rules
6.
20
6. Configure Lease Rules for the payment types
Payment types without any Liability impact
Payment types without Asset Cost impact
7. Configure payment types without impact on lease costs.
TIPS AND CONSIDERATIONS
If you are configuring an existing job role, confirm that the Fixed Asset Transaction Management Duty is
assigned.
The two privileges added for Asset Leases to the above duty are:
21
1. Manage Fixed Asset Leases
2. Submit Fixed Asset Lease Reports
KEY RESOURCES
Oracle® Fusion Applications Financials Implementation Guide, Release 13
AUTOMATICALLY DERIVE DEPRECIATION EXPENSE FOR ASSETS
Specify an asset's depreciation expense account be derived using the Subledger Accounting Transaction
Account Builder by selecting the Prepare Additions Automatically action from the Assets page.
Define a base account by choosing your own account combination rule
Define segment level overrides for your base account
22
Edit Transaction Account Definition page
Assign the transaction account definition to the ledger
STEPS TO ENABLE
PAYABLES INVOICE DETAILS DURING ASSET CONVERSIONS
Import invoice details for legacy asset additions using the File-Based Data Import spreadsheet templates.
Capture invoice details during asset conversions using the Mass Additions File-Based Data Import spreadsheet template
Similar improvements are available in the Additions Spreadsheet as well.
STEPS TO ENABLE
REDESIGNED OTBI SUBJECT AREAS FOR ASSETS
Assets subject areas for depreciation and asset transactions have been redesigned to better support the
creation of asset reports. Asset analysis functionality has been consolidated into two subject areas.
23
Fixed Assets – Asset Depreciation Real Time: The comprehensive asset depreciation subject area better supports Assets
reporting.
Fixed Assets – Asset Transactions Real Time: The asset transactions subject area enables detailed reporting of any type
of transaction, or major metrics (e.g. cost) can be aggregated to see the net impact over an asset's life.
The intuitive reorganization of all of the attributes allows both comprehensive and more rapid ad hoc reporting.
Expedite depreciation and transaction ad hoc reports using drag and drop of attributes from the redesigned subject areas
STEPS TO ENABLE
SPREADSHEET-BASED MASS DETAIL CHANGES FOR ASSETS
Update asset descriptive details using a file-based data import template.
Expedite bulk changes to descriptive details in Excel using the Asset Descriptive Details File-Based Data Import template
24
STEPS TO ENABLE
No steps required to enable this feature.
BILL MANAGEMENT
Bill Management is an electronic bill presentment solution that reduces the cost of billing and collections,
while improving overall customer service. By using Bill Management your company can extend the footprint
of Oracle Financials Cloud solutions to your own customers, for business-to-business and business-to-
consumer relationships. The feature provides self-service customer-led bill management through an intuitive
mobile-enabled user experience that provides real time account review, dispute processing and online
payments which are instantly reflected on the customer account.
BILL MANAGEMENT
Bill Management is a easy-to-use real time solution that provides customer account information such
as account overview, transaction history, dispute processing, and make online payments which are
immediately reflected in the customer accounts.
ACCOUNT OVERVIEW
Use the Account Overview feature to review the customer account balances, manage outstanding transactions and credit
memos. Use infotiles and keyword search criteria to search and view the related transactions.
Make payments using both the existing customer credit card and bank account information, or create new credit card or
bank account details. Bill Management uses a Payments Tokenization solution to secure credit card information.
25
REGISTERING EXTERNAL USERS
Using Bill Management registrations, Collections and Receivables managers can register and unregister any external user or
customer accounts. A customer can create a contact for an account through either the Collections or Receivables Manage
Customers process. An account contact with a valid email address is available for registration to Bill Management. In
addition, register multiple users for the same account, or single user can be registered for multiple customer accounts.
1. Navigate to the Setup and Maintenance work area.

2. Search for the Manage Bill Management Registration task.
STEPS TO ENABLE
2. Search for the Manage Receivables Lookups setup task.
3. Search for the lookup type ARB_FEATURES on the Manage Receivables Lookups page.
4. Add a lookup code BILL_MANAGEMENT to this lookup type and save the changes.
PRINT TRANSACTIONS
Only external users can review, print, and make payments to the transactions in Bill Management.
1. Navigator to Scheduled Processes page.

2. Run Print Receivables Transactions.
NOTE: You can only run the Print Receivables Transactions once for one customer account.
Parameters:
Transactions to Print: Unprinted

From Customer Account Number: enter_account_number
To Customer Account Number: enter_account_number
26
BUDGETARY CONTROL
Budgetary Control is a complete and integrated solution that provides organizations with advanced budget
preparation, proactive control and monitoring of budget consumption, and robust inquiry and reporting. It
enables public sector, higher education, and commercial organizations to manage budgets and spending with
better visibility into commitments, obligations, and expenditures, and comply with legal reporting
requirements.
BUDGETARY CONTROL YEAR-END CARRY FORWARD
Identify surplus funds and purchase orders to carry forward to the next budget cycle using the following
Budgetary Control Carry Forward set of processes:
Carry Forward Purchase Order Budgetary Control Balances process to identify open purchase orders with surplus
funds for a given budget cycle and carry them forward to the next budget cycle.
Carry Forward Funds Available process to carry forward unused budget amounts to the next budget cycle.
STEPS TO ENABLE

Define control budgets for the next budget year that you want to carry forward to.
Maintain an open status in the budget periods of the control budgets that obligation balances will be carried forward to.
KEY RESOURCES
For more information on this feature, see Oracle ERP Cloud Budgetary Control Carry Forward, Doc ID 2208855.1, on My
Oracle Support.
ENHANCED BUDGETARY CONTROL PROCESSING AND REPORTING
The new Budgetary Control enhancements to budgeting, reporting, and product integration enable:
Enforcement of budget consumption controls by specifying whether budgetary control validation occurs on the
submission or approval of requisitions or purchase orders.
Easily override insufficient funds for requisitions and purchase orders.
Automate the creation of control budgets at the award and funding source levels, and integrate awards throughout
the procure-to-pay flow.
Implement budget management controls and encumbrance accounting in Oracle Self-Service Procurement through
to Oracle Inventory Management, for internal transfers that are delivered to expense locations.
Enhance budget balance inquiry and reporting by capturing comments and additional information if needed in user-
extensible fields at the line item level on the Review Budget Balances page, and during budget import and budget
adjustments.
Expand OTBI budgetary control reporting using the new Budgetary Control Balances Real Time subject area, and the
new requisition, purchase order, payables, and manual journal attributes in the Budgetary Control Transactions Real
Time subject area.
STEPS TO ENABLE
Three of the features in this enhancement require setup steps. There are no specific steps to enable the
other features.
BUDGETARY CONTROL AT SUBMISSION OR APPROVALE TIME
Set the budgetary control reservation point for requisitions and purchase orders in the Edit Budgetary Control and
Encumbrance Accounting page. Select Submission to perform budgetary control when you submit the transaction, prior to
approval. Select Approval to perform budgetary control on the transaction after it has been approved.
27
OVERRIDE INSUFFICIENT FUNDS FOR REQUISITIONS AND PURCHASE ORDER
In the Create or Edit Control Budget page, define control budgets with override rules for requisitions and purchase orders
and assign the ability to override insufficient funds. Transactions requiring override for insufficient funds will be routed for
approval to the appropriate user.
INTERNAL TRANSFER ORDERS
In the Transaction Type Details window for Requisitioning, enable the Requisition for internal material transfer transaction
subtype for budgetary control and encumbrance accounting of internal transfer orders.
28
The new Requisition for internal material transfer transaction subtype in the procure-to-pay business functions will default
as not enabled. You must enable this subtype to enable budgetary control and encumbrance accounting for internal transfer
orders.
New features implemented for budgetary control validation will only apply to new transactions. Transactions
previously validated will not be affected.
ENHANCED ATTRIBUTES FOR BUDGETARY CONTROL - TRANSACTIONS REAL TIME SUBJECT AREA
New attributes are added to the Budgetary Control - Transactions Real Time subject area to enhance
reporting on source transactions. The enhancements include new attributes for requisition header,
requisition lines, requisition project information and requisition distribution amounts; purchase order
headcount, lines, distribution amounts; payable invoice distribution information; and manual journals.
STEPS TO ENABLE
NEW BUDGETARY CONTROL - BALANCES REAL TIME SUBJECT AREA
A new Budgetary Control - Balances Real Time subject area is available to report budget balances. Users
can report on budget, consumption, reservation category, available fund balances and control budget details.
29
STEPS TO ENABLE
CASH MANAGEMENT
Cash Management is an enterprise solution for managing bank account activity and controlling cash
positions. Get direct access to cash flow related transactions and automatically reconcile them to bank
statement lines using Oracle’s patented methodology. Quickly analyze cash positions and forecast cash
requirements through configurable dashboards, pages and reports, ensuring liquidity and optimal use of your
cash resources.
ENHANCED BANK STATEMENT HANDLING AND RECONCILIATION FEATURES
Increase productivity and improve efficiency using enhanced bank statement handling and reconciliation
features.
Import non-standard bank statement formats more easily using new Excel spreadsheet upload capabilities.
Access complete bank statement information from memo records and acknowledgments, and automatically reconcile
based on all relevant data using descriptive flexfields.
Attach documents and image files to bank statements for context and reference information.
Create matching transactions and automatically reconcile bank statement lines directly from GL journal entries.
Enjoy improved manual reconciliation, bank transfer and ad hoc payment capabilities, and enhanced support for
regional and national standards and practices.
STEPS TO ENABLE
EXTENDED CASH FORECASTS
Improve operational insight with extended cash forecasts for any number of days/weeks/months/years.
Customize Smart View Wizards for any-duration cash projections via easy-to-use walkthroughs and instructions
STEPS TO ENABLE
Update your Smart View wizards per provided instructions.

There is no practical limit to the amount of future information that can be retrieved from the ERP Financials
database.
TREASURY MANAGEMENT INTEGRATION
Integrate Treasury with ERP operations through Oracle's partnership with the leading Cloud Treasury
applications, Reval.com.
Leverage multipoint, bidirectional integration between Oracle and Reval for unified accounting, payments, and cash
flows.
Report on up-to-the-instant, combined ERP and Treasury information in both environments.
Achieve true straight-through Treasury processing and integrate your Liquidity Planning, Deal Management, and
Financial Risk Management activities with your ERP foundation.
30
STEPS TO ENABLE
Contact Reval.com and your Oracle Sales Representative for licensing and other information.
KEY RESOURCES
https://www.reval.com/
EXPENSES
Expenses streamlines and automates worker management of travel expenses. Workers can quickly enter
expense reports anytime and anywhere with multiple entry options, including simplified online and
spreadsheet entry options, as well as mobile entry for both the iPhone and Android. Configurable rules allow
managers to enforce approval policies, per diem policies, and corporate expense policies for controlling
enterprise spending. Oracle Expenses also supports corporate card transactions, travel integration with
GetThere, and electronic image processing for faster reimbursement.
ENHANCED COMPLIANCE WITH ENTERTAINMENT POLICIES
Expenses has enhanced the spend controls for entertainment policies to help you better enforce policies. The
entertainment expense category supports entertainment events with nonemployee attendees only, gifts to
employees and nonemployees, employee team events, and events with both employee and nonemployee
attendees.
The following capabilities are new:
You can define rate limits for employee attendees. The limit is applied to each employee identified as an attendee for
an entertainment expense.
You can prevent employees from creating a new nonemployee attendee while entering an entertainment expense.
This allows companies to maintain a preapproved list of attendees.
Certain entertainment events are designed to include both employee and nonemployee attendees. You can mandate
entry of employee and nonemployee attendee information for an entertainment expense. You can also control
capture of additional required or optional information.
Expenses, such as hotel, can be itemized to include entertainment expenses. Now you can add attendees to these
itemized expenses.
Expense reports validate the required information and raise policy violations based on the configuration setup. Managers
can review policy violations which are highlighted in the approval notifications. Expense reports with policy violations can be
automatically selected for audit.
STEPS TO ENABLE
To define rate limits for employee attendees, perform the following steps:
1. In the Setup and Maintenance work area, navigate to the Manage Policies by Expense Category page.
2. Click the Create Policy button and select the Entertainment option.
3. In the Create Entertainment Policy page, select the following in the Rate Definition section.
Enable rate limit check box.
Single instance limit check box.
Rate currency radio button.
1. In the Rate Determinants section, select the employee check box.
2. Click the Save policy button.
3. Click the Create Rates button to define the rate limits. You define the rate limits in the Employee table.
When you enter an expense report attached to this entertainment policy, the expense is validated against the rate limits
configured in the Employee table.
31
Enforcing employee rates
Defining employee rates
To capture attendee information, perform the following steps:
To prevent employees from creating nonemployee attendees, deselect the Enable Nonemployee Creation check
box on the Create Entertainment Policy page.
To require at least one nonemployee attendee, select the Require at Least One Nonemployee as Attendee check
box.
To require employee or nonemployee attendee information, select the Required option from the Attendee Type,
Attendee Amount, or the Job Title choice lists.
Preventing nonemployee creation
To enable itemized expense types with entertainment category, perform the following steps:
In the Setup and Maintenance work area, navigate to the Manage Policies by Expense Category page.
Create and activate an entertainment policy.
On the Manage Expense Report Templates page, assign entertainment policies to any entertainment expense
types on the Policies tab.
32
Assigning entertainment policies
In expense entry, you can add attendees to entertainment expenses that are itemized on the Create Expense Item page by
clicking the Attendees link.
Entering attendees during itemization
IMPROVED CONTROLS FOR EXPEDITED EXPENSE REIMBURSEMENT
Expenses has added new audit capabilities and provided additional configuration to expedite expense
reimbursement and compliance with company policies. The key improvements include the following:
You can restrict users to allocate expenses to cost centers only. This enables companies to prevent intercompany
transactions for expense reporting.
Previously, when you enabled terms and agreements, both the check box and the policy link were displayed in one
link. Now, you can create terms and agreements text without a link to the policy. Alternatively, you can enable the
policy link without the terms and agreements check box.
You can mandate the capture of merchant and receipt details without enabling the selection of tax classification
codes. This allows tax classification codes to be automatically populated based on the expense type.
Two new capabilities have been added to expedite expense processing of globally mobilized employees and new
hires. Globally mobilized employees are employees transferred to another location or on temporary assignment.
Processing of expenses incurred before hire date. Previously, expense reports were not processed if they
only contained expenses before hire date. You can now process these reports by enabling a profile option.
Submission of expense reports from a previous assignment. When employees change work assignments,
their assigned business unit may also change. When a change in business unit occurs, expenses that were
incurred during the previous work assignment are not actionable from the Expense Items information tile in
the Expenses work area. Only charges incurred during the current assignment are displayed in the Expense
Items information tile.
You can use either of the two methods to submit the expenses from a previous assignment for reimbursement. You
can select the applicable corporate card transactions from the Manage Corporate Card Transactions page and
submit them in a new report or add to an existing report. Transactions incurred during previous assignments are
identified in the page. Alternatively, you can edit a Saved or Withdrawn expense report, add the expenses from a
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previous assignment, and submit them. The Add Expense Items window is restricted to show transactions from the
same business unit as the expense report.
Auditors can add attachments to expense reports and cash advances in any status.
After an expense report or cash advance audit is complete, auditors may receive supporting documentation or
additional information pertinent to the audit. You can now attach these additional details even if the audit is complete.
Companies that require both imaged and original receipts may use imaged receipts for audit and reimbursement and
the original receipts for tax reclamation. In cases where employees email originals to their payables department and
a central scanning service is used for creation of imaged receipts, the original receipt received date is the date when
the imaged receipt is created. Expenses automatically populates this original receipt received date to save auditors
time. We have added a new option to the Create Expense Report Receipt and Notification Rule page to capture the
default check-in date preference.
To process expense reports accurately, auditors need to know if the employee is still with the company. The Audit
Expense Reports page and the Audit Cash Advances page display a message if the employee on the expense report
or cash advance is no longer with the company.
Previously, short-paid expense reports and expense reports already assigned to auditors could be audited only by
the assignees. This restriction is now removed to expedite expense processing. Now any auditors in the
corresponding business units can audit short-paid reports and reports in another auditor's queue. If, however, an
auditor has requested more information for an expense report, that report can only be audited by the assigned
auditor.
Employees and managers sometimes ask auditors to return an audited expense report with errors, but not processed
for payment to Payables. A new action Return Expense Report is added to the Audit Expense Report page to allow
auditors to return audited expense reports to employees. Auditors can return the expense reports only when they are
in Ready for Payment Processing status. When a report is returned, associated expense reports for card issuers,
also called .1 reports, are removed and cumulative mileage calculation is recalculated when applicable.
STEPS TO ENABLE
RESTRICT EXPENSE ALLOCATION TO COST CENTERS
To restrict users to allocate expenses to cost centers only, perform the following steps:
Assign the Override Expense Account Allocation privilege to applicable users.
The Override Expense Account Allocation privilege allows users to see the accounting segments in expense entry.
Define the profile option EXM_DISABLE_COMPANY_SEGMENT and set the profile option value to Y.
To define the profile option, perform the following steps:
1. In the Setup and Maintenance work area, navigate to the Manage Profile Options page.
2. Click the Create (+) icon to create a new profile option.
3. Enter the Profile Option Code value as EXM_DISABLE_COMPANY_SEGMENT.
4. Select Site as the Level value.
5. Select the Enabled and the Updateable check boxes.
6. Save the profile option.
To define the profile option value, perform the following steps:
1. In the Setup and Maintenance work area, navigate to the Manage Administrator Profile Values page.
2. Search for profile option code EXM_DISABLE_COMPANY_SEGMENT.
3. Set this profile option value to Y at the site level.
When both the profile option EXM_DISABLE_COMPANY_SEGMENT is set to Y and the profile option
EXM_ALLOW_FULL_ACCT_OVERRIDE is set to Y, then the profile
option EXM_ALLOW_FULL_ACCT_OVERRIDE takes precedence.
You can now view and update the cost center in expense entry as shown below. The Expenses mobile application
also displays only the cost center field when this feature is enabled.
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Expense entry with cost center enabled
CONFIGURE BUSINESS UNIT-SPECIFIC POLICY LINKS
Previously, the terms and agreements acceptance and the company policy link were linked together. Now you can enable
terms and agreements and the corporate policy link separately and configure the policy link and the displayed text by
business unit.
The predefined profile option ORA_EXM_TERMS_AGRMT allows you to define the default text for terms and agreements
and any business unit-specific text. If you do not create any business unit-specific text, the default text appears for all
business units.
To use this feature, perform the following steps:
1. In the Setup and Maintenance work area, navigate to the Manage Standard Lookups page.
2. Search for the lookup type ORA_EXM_TERMS_AGRMT.
3. Create additional lookup codes and descriptions for the profile option ORA_EXM_TERMS_AGRMT. The description
is displayed as the terms and agreements text.
4. Navigate to the Manage Expenses System Options page to assign the text to the company or the business unit.
5. Select Yes from the Enable Terms and Agreements choice list to enable the terms and agreements check box.
6. Select the applicable lookup code from the choice list if you want business-unit specific terms and agreements text.
7. Enter the URL to corporate policies in the Enable Corporate Policy URL field.
8. Save the details.
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Defining lookup codes
Selecting business unit-specific text
CAPTURE MERCHANT AND RECEIPT DETAILS WITHOUT TAX CODES
To hide tax classification codes from expense entry while capturing merchant and receipt details, perform the following steps:
1. Navigate to the Manage Tax Fields from Setup and Maintenance work area. Select the business unit and enable the
Display tax fields on expense report check box.
2. Set the fields as Optional or Required based on your tax data requirements. Set the Tax Classification Code to
Hidden.
3. On the Manage Expense Report Templates page, assign tax classification codes for applicable expense types.
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EXPENSE PROCESSING OF GLOBALLY MOBILIZED EMPLOYEES AND NEW HIRES
To allow processing of expenses before the hire date, perform the following steps:
2. Click the Create icon to create the new profile option EXM_ALLOW_PRE_HIRE_EXPENSE.
2. Search for profile option code EXM_ALLOW_PRE_HIRE_EXPENSE.
When the profile option does not exist or the profile value is set to N, the expense reports containing expenses
before the hire date are rejected by expense reimbursement processing with rejection code
EXPENSES_BEFORE_HIRE_DATE.
ATTACH DOCUMENTS AFTER AUDIT COMPLETION
This feature is available automatically.
DEFAULT RECEIPT CHECK-IN DATE
To default the original receipt received date, select the When imaged receipts are received option from the Default Original
Receipt Package Check-in Date choice list on the Create Expense Report Receipt and Notification Rule page.
VIEW INACTIVE EMPLOYEE STATUS ON EXPENSE REPORTS AND CASH ADVANCES
AUDIT REPORTS ASSIGNED TO ANY AUDITORS
RETURN EXPENSE REPORTS AFTER AUDIT COMPLETION
MOBILE EXPENSES ENHANCEMENTS
Expenses mobile application has been enhanced to make it easy for you to submit expense reports, thereby
allowing you to use your time effectively. You can now perform the following activities:
You can use the new Itemize Expenses screen to manually itemize cash expenses and corporate card charges and
upload them or submit them in a report. The option to itemize is available only when an expense type is set up as
itemization Enabled or Required.
Touch the Itemize button to navigate to the Itemize Expenses screen. The total amount, itemized amount, and the
balance are shown at the top of the screen for convenience. You can itemize an expense by touching the +
icon. Then touch the default expense type and the date to change the expense type and date respectively. You can
add additional details by drilling down to the itemized expense item. Mark any itemized expenses as personal by
selecting the expense type Personal.
If an expense requires itemization or if the expense is partially itemized, then the error Itemization out of balance is
displayed on the View Expense screen. You can see a summarized view of itemized expenses on the Add or Edit
Expense screen.
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You can view receipt attachments in PDF and Microsoft Word while approving expense reports on Android devices.
When you click to review the attachments, a PDF viewer or DOC viewer application, such as Adobe Acrobat or
Polaris Office 5, is launched to display the documents. If you do not have a default application to view PDF and Word
documents, then the page displays the View Document link. Touch the View Document link and the application
presents available viewers. Choose the viewer that you want to use.
Previously, contingent workers were not allowed to use the Expenses mobile application. This restriction is now
removed. You must be set up as a contingent worker and assigned to the supplier who is your employer to use the
Expenses mobile application. All entry capabilities are available for contingent workers.
You can control the image size of the attachments on iOS devices when you upload or submit expense reports. The
Settings screen now provides the option Image Size. The default is set to Medium. You can change the Image Size
value to Large or Actual for better clarity.
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Settings screen
STEPS TO ENABLE
This feature is automatically available when you download the latest Expenses mobile application from
Apple's AppStore or Google's PlayStore.
For contingent workers to access the Expenses application, the worker must be defined in the application as a contingent
worker and associated with a supplier.
To itemize expenses on the mobile application, the expense type must be set up with itemization Enabled or Required.
REMITTANCE ADVICE AND TOKENIZATION WITH CORPORATE CARD PROCESSING
To enhance security and to use predefined remittance advice formats, Expenses now supports the upload of
tokenized card numbers for American Express and Visa files, creation of remittance advice compliant with the
Global Remittance Utility from American Express, and PGP encryption to receive encrypted corporate card
transaction files. Additionally, companies can prevent employees from updating the merchant information on
the card charges.
STEPS TO ENABLE
SUPPORT FOR TOKENIZED AMERICAN EXPRESS GL1025 FILES AND GLOBAL REMITTANCE
UTILITY
To enable tokenization for American Express GL1025 files and to generate remittance advice compliant with the Global
Remittance Utility (GRU), perform the following:
In the Setup and Maintenance work area, navigate to the Manage Corporate Card Programs page and select the
following details:
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American Express from the Card Brand choice list.
AMEX GL1025 from the File Format choice list.
Select the File contains tokenized numbers check box.
On the Create Company Account page, enter details for the Load Number and the Book Number fields.
Save the details.
When tokenization is enabled, the Upload Corporate Card Transactions process recognizes that the file contains token
numbers instead of valid card numbers and processes them accordingly. There is no change to the upload process.
American Express now offers a new remittance advice program called Global Remittance Utility (GRU) to support remittance
advice for tokenized GL1025 files. To generate a GRU file, you must run the scheduled process Submit Corporate Card
Remittance File The predefined remittance advice template, Disbursement Corporate Card Remittance Formats, is used by
this process to create the remittance advice. You can customize this template to meet any additional specifications from the
card issuer.
SUPPORT FOR TOKENIZED VISA VCF4 FILES
To enable tokenization for Visa VCF4 files, perform the following steps:
In the Setup and Maintenance work area, navigate to the Manage Corporate Card Programs page and select the
following details:
Visa from the Card Brand choice list.
VCF4 from the File Format choice list.
Select the File contains tokenized numbers check box.
Save the details.
PGP ENCRYPTION
Expenses now supports upload of Visa, MasterCard, and Diner’s Club corporate card transaction files with PGP encryption.
To enable PGP encryption, perform the following steps:
Create a PGP encryption certificate with an alias EXM_PGP_KEY.

Sign in with the IT Security Manager role.
From the springboard, navigate to Tools -> Security Console.
Select the Certificates tab.
Enter the certificate details as follows:
Certificate Type: PGP.
Alias: EXM_PGP_KEY. The Alias must be exactly as specified here.
Passphrase: Enter a password. Store the password in a safe location. If you need to delete this
certificate in the future, the password is required.
Key Algorithm: Select the algorithm that you want to use.
Key Length: Select the length that you want to use.
Click the Save and Close button.
Export the certificate and use the certificate to encrypt files between you and your card issuer.
DISABLING MERCHANT NAME UPDATE ON CORPORATE CARD TRANSACTIONS
To disable merchant name update on corporate card transactions in expense entry, define the profile option
EXM_DISABLE_CC_MERCHANT_NAME and set the profile option value to Y.
To define the profile option, perform the following steps:
2. Click the Create (+) icon to create a new profile option.
3. Enter the Profile Option Code value as EXM_DISABLE_CC_MERCHANT_NAME.
1.
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2. Search for profile option code EXM_DISABLE_CC_MERCHANT_NAME.
GENERAL LEDGER
General Ledger is a comprehensive financial management solution that provides highly automated financial
processing, effective management control, and real-time visibility to financial results. Its unique reporting
platform, natively built on top of a multidimensional data model, allows you to report and analyze financial
results in real time to help you make better decisions faster. General Ledger’s extensive spreadsheet
integration is comprehensive; you can configure your enterprise structures, such as your chart of accounts,
hierarchies, accounting calendars, ledgers, legal entities, and business units. You can also upload high
volumes of journals and budgets as well as report and analyze results from the efficiency of a spreadsheet.
CLEARING ACCOUNTS RECONCILIATION
Clearing accounts reconciliation offers sophisticated automatic and manual methods to group, match and
reconcile related 'in' and 'out' journal lines that no longer contribute to an account's ending balance.
Resources can instead be deployed wisely towards analyzing those unreconciled journal lines that are both
relevant and responsible for the buildup of the ending balance in a clearing account. This feature helps to
shorten your period close cycle where account reconciliations are critical activities. Define reconciliation types
that represent reconcilable clearing accounts (for example, asset clearing, accounts payable accrual, unbilled
receivables) and their associated reconciliation rules, in one central setup location. Enter journal lines with
reconciliation references to automatically reconcile them with minimal user intervention and enhanced
productivity. Use tolerances when performing manual reconciliation, to further enhance the success rate of
journal lines getting reconciled. You can correct previous reconciliations by subsequently reversing them.
Run reconciliation reports and perform inquiries to retrieve and analyze reconciled and unreconciled journal
lines.
The following steps illustrate the feature and its benefits:
1. Create reconciliation types to mirror the reconcilable clearing accounts and their associated reconciliation rules.
Reconciliation type defined at chart of accounts level
2. Enter the reconciliation reference in the Journal Lines section, as you create clearing account journals. Post the
journals. Configure subledger accounting rules to automatically populate reconciliation references in subledger
journal lines. Upload and import clearing account journal lines containing reconciliation references into GL, using
spreadsheet-based methods (file-based data import, Oracle ADF Desktop Integration).
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Reconciliation reference on a journal line
Example of another clearing account journal with the same reconciliation reference
3. Run automatic reconciliation.
Navigate to > General Accounting > Journals > Clearing Accounts Reconciliation > Reconcile Clearing Accounts
Automatically, or Navigate to > Tools > Scheduled Processes > Reconcile Clearing Accounts Automatically.
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Automatic reconciliation processing page
Automatic reconciliation execution report
4. Review reconciliation results.
Review the journals. Note also that you cannot reverse a journal that contains a reconciled journal line, unless the
original reconciliation has first been reversed. The Reversible Detail column on the Manage Journals page
provides this information.
Reversible detail information on a journal
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5. Drill down on the first journal in the row to view the reconciliation details.
Reconciliation details on a reconciled journal line
6. Incorrect reconciliations can be corrected by reversing reconciliation.
Navigate to > General Accounting > Journals > Clearing Accounts Reconciliation > Reverse Reconciliation to retrieve
one or more reconciliation groups and the underlying reconciled clearing account journal lines. Select the check box
to the left of the reconciliation group and click Reverse Reconciliation to complete the reverse reconciliation
process. The reversed reconciled journals will go back to the overall pool of unreconciled journal lines. These
journals can be reconciled again using the automatic or manual reconciliation process.
Reverse Reconciliation page
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7. Perform a manual reconciliation.
Navigate to > General Accounting > Journals > Clearing Accounts Reconciliation > Reconcile Clearing Accounts
Manually. Select journals by checking the boxes displayed on the left of the journal line records. Click Reconcile to
complete the manual reconciliation.
Manual Reconciliation page
8. Reports
RECONCILED TRANSACTIONS REPORT
The Reconciled Transactions report provides details of clearing account journal lines that have been successfully
reconciled by both automatic and manual reconciliation processes.
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Process details for Reconciled Transactions report
Example of Reconciled Transactions report
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UNRECONCILED TRANSACTIONS REPORT
The Unreconciled Transactions Report lists all unreconciled clearing account journal lines that have been rejected by
either automatic or manual reconciliation processes, as well as those lines that have not yet been subjected to
reconciliation. The sum of all the unreconciled lines should typically be equal to the closing balance of a clearing
account.
Process details for Unreconciled Transactions report
Example of Unreconciled Transactions report
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STEPS TO ENABLE
Both the ledger and natural account segment values that are subjected to reconciliation, must be enabled for
clearing accounts reconciliation.
1. Select the Enable Clearing Accounts Reconciliation option in the Reconciliations section on the Specify Ledger
Options page.
2. Set the Reconcile attribute of the natural account segment values, that are subjected to reconciliation, to YES on the
Manage Values page.
3. Run the Inherit Segment value Attributes process to subsequently update existing account combinations with the
changes to the Reconcile attribute on the natural account segment values.
Once the previous steps have been completed, you can navigate to the Manage Clearing Accounts Reconciliation task. On
that page, you can view and manage existing reconciliation types. Click the Add (+) icon to create reconciliation types and
their associated rules, as required.
1. To easily distinguish reconciliation types on processing pages, add a suffix with the name of the chart of accounts or
ledger to reconciliation type names.
2. Before reversing clearing account journals, first perform a reverse reconciliation on the already reconciled journal lines.
Use the Reversible Detail column on the Manage Journals page to understand why a clearing account journal cannot be
reversed.
3. Run the Enable Journal Lines for Clearing Accounts Reconciliation process to make posted historical journals
eligible for clearing accounts reconciliation. The process updates journal lines that have neither an entered reconciliation
reference nor a ledger that was previously enabled for reconciliation prior to posting the journals.
4. Users must be assigned the Manage Clearing Accounts Reconciliation Setup privilege to set up and manage
reconciliation types and their associated reconciliation rules. The predefined job roles of Financial Applications
Administrator, General Accounting Manager, and General Accountant have this privilege assigned by default, either
through the General Accounting Functional Administration Duty or the Period Close Management Duty. The Reconcile
Clearing Accounts and Run Clearing Accounts Reconciliation Reports privileges, through the Period Close
Management Duty, provide access to reconciliation processing pages and reconciliation reports, respectively. The
predefined job roles of General Accounting Manager and General Accountant have these privileges assigned by default.
GENERAL LEDGER REPORTING
The General Ledger journal and account analysis reports list journal entries and account balances. In
Release 13 the report extracts have been enhanced to include reconciliation information for clearing
accounts.
The data model now includes the reconciliation date, reconciliation group, reconciliation reference, and reconciliation status
attributes.
You can customize BIP templates of the following reports to include clearing account reconciliation information:
Account Analysis for Contra Accounts Report

General Ledger Account Details Report
General Ledger Journal and Balance Report
General Ledger Journal Entry Report
STEPS TO ENABLE
The setup of the clearing accounts reconciliation is described in What’s New document, Clearing Accounts
Reconciliation section.
KEY RESOURCES
General Ledger Reporting Topical Essay
What’s New Clearing Accounts Reconciliation section
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JOURNAL POSTING IMPROVEMENTS
Enhanced error reporting of journal posting issues helps users resolve issues quickly and independently.
You can now search for all journals with errors on the Manage Journals user interface instead of selecting a specific
error for the Batch Status field.
The improved posting execution report now shows you the journal error with details to enable you to resolve posting
issues quickly. For example, if there is an issue with the retained earnings account, the account and the issue are
specified in the error.
STEPS TO ENABLE
There are no steps needed to enable this feature.
PAYABLES
Payables captures invoice information seamlessly through integration with the latest imaging technology and
reduces the time spent on invoice entry resulting in faster throughput. Payables enhances user productivity
with Excel integration for invoice creation using Oracle ADF Desktop Integration. The Payables landing page
and work areas provide a central location for users to perform tasks and monitor activities that require
attention.
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DEFERRED EXPENSES
Deferred Expenses (multiperiod accounting) allows you to create entries across more than one period for a
single accounting event. For example, expenses incurred on annual maintenance contracts for equipment
and rent paid in advance could be deferred and recognized across multiple GL periods. The entries would
accrue based on the number of specified accounting periods.
STEPS TO ENABLE
There are no steps necessary to enable this enhancement. When users enter a multiperiod accounting start
and end date on the invoice system will automatically consider it for multiperiod accounting.
1. The seeded multiperiod accounting rules use the proration formula based on number of periods. You would need to
customize the rules if you do not want to use proration based on periods.
2. Multiperiod accounting entries will be generated only after the multiperiod invoice is accounted in final mode.
3. Its always advisable to run the Multiperiod Accounting Program as part of your period close process after all the Payables
transactions are entered, accounted and transferred to General Ledger.
DUPLICATE INVOICE CHECK
The Duplicate Invoice Check is an additional feature that supplements the existing invoice number check to
find potential duplicate invoices. You can identify invoices during the entry process that may have the
potential to be duplicates based on the combination of supplier, invoice type, invoice amount, invoice
currency, and invoice date attributes. During invoice creation you are alerted to a potential duplicate invoice
being entered by a warning message. These alerts are maintained at the invoice level as references for
future audit purposes.
STEPS TO ENABLE
You must create and enable the lookup type and lookup code to use this feature.
Standard Lookup Type: ADD_DUPLICATE_INV_CHECK
Lookup Code: DUPLICATE_INVOICE_CHECK.
1. The feature only checks for standard and prepayment types of invoices.
2. The feature does not check the invoice number as an attribute to identify potential duplicate invoice.
3. The feature does not perform a check on auto generated invoices such as: pay on receipt, pay on use, intercompany, and
debit memo invoices.
SUPPLIER BALANCE AGING REPORT
The Supplier Balance Aging Report enables you to generate a supplier aging report based on a specific date.
The report only considers the invoices that are accounted for in Payables and transferred to the General
Ledger. Aging buckets for invoices are defined in the aging template. Invoices that do not fit into any of the
defined aging buckets are listed in a new residual bucket. This ensures that the balance in the aging report
matches up with the balances in the Payables Trial Balance Report.
STEPS TO ENABLE
There are no steps necessary to enable this enhancement. This report is controlled by the existing privilege
Submit Payables Invoice Aging Report which also provides access to the existing Payables Invoice Aging
Report. This report can be submitted from Scheduled Processes.
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RECEIVABLES
Receivables provides a comprehensive solution for running day-to-day accounts receivable operations. It
includes services for customer credit management, billing, and payment activities, revenue recognition and
adjustments, reviewing receivable balances, and reconciliation to the general ledger. Receivables provides
SmartReceipts, an automated cash application solution that is unique in the industry. Role-based work areas
for Billing and Accounts Receivable provide vivid, real-time displays of transaction and customer account
information. You can actively monitor all of your receivables events and drill down to details using the
sophisticated and easy-to-use reporting tools.
ABILITY TO SETTLE TOKENIZED CREDIT CARD TRANSACTIONS FROM THIRD-PARTY SYSTEM
Streamline credit-to-cash processing with seamless integration between third-party order management or
payment processing solutions and Receivables. Import tokenized credit card transactions from third-party
systems into Receivables and settle them using Payments.
Third-party systems manage the capture and tokenization of credit card transactions with CyberSource. They can also
optionally authorize the credit card transactions.
Receivables supports the import of credit card transactions with token, with or without authorization, using the Receivables
AutoInvoice Import template.
Use the following new credit card columns in the AutoInvoice Import template to import tokenized credit card
transactions with or without authorization:
a. Credit Card Token Number
b. Credit Card Expiration Date
c. First Name of the Credit Card Holder
d. Last Name of the Credit Card Holder
e. Credit Card Issuer Code
f. Masked Credit Card Number
g. Credit Card Authorization Request Identifier
h. Credit Card Voice Authorization Code
Run the Load Interface File for Import process for Import AutoInvoice to load transaction data from the template into
the AutoInvoice interface tables. For more information on how this process works, refer to the Key Resources section
in this document.
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Run the Import AutoInvoice process to load the transaction data along with the credit card information into
Receivables. For more information on how this process works, refer to the Key Resources section in this document.
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After successful import, the transactions are created in Receivables with authorized or non-authorized credit card
token information. Use the Review Transaction page to open and review specific transactions. The Payment Details
section displays the credit card details.
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Run the Create Automatic Receipts process on these transactions to create the receipts and to authorize the
transactions, if necessary.
Run the Create Receipt Remittance process to settle receipts. This process integrates with Payments for receipt
settlement.
STEPS TO ENABLE
This feature is automatically enabled. You can opt-out of the feature from the Functional Setup Manager
(FSM).
The new Credit Card columns are hidden by default in the AutoInvoice Import template. To display these
columns:
Highlight the columns Internal Notes and Receivables Transaction Region Information Flexfield Number Segment 1.
Right click to display the new credit card columns:
Credit Card Token Number: Token number issued by the tokenization service provider that corresponds to
a credit card number. This is a required field for credit card token and authorization import.
Credit Card Expiration Date: Expiration date of the credit card. Provide a value in the format YYYY/MM/DD.
First Name of the Credit Card Holder: First name of the credit card holder.
Last Name of the Credit Card Holder: Last name of the credit card holder.
Credit Card Issuer Code: Code for the credit card issuer, such as Visa or MasterCard. Valid values are
derived from the IBY_CARD_TYPES lookup.
Masked Credit Card Number: Masked format that displays only the last four digits of a credit card number,
and replaces all other digits with an X, for security purposes. The length of the masked credit card number
should match the actual length of the card provider number. For example, display Visa card number
4123456789012345 with XXXXXXXXXXXX2345.
Credit Card Authorization Request Identifier: Authorization request identifier received from the
tokenization service provider to authorize the credit card number.
If you want to import a credit card authorization other than the Credit Card Token Number, then you must
provide either the Credit Card Authorization Request Identifier or the Credit Card Voice Authorization Code. If
both are provided, then the Credit Card Authorization Request Identifier takes precedence.
Credit Card Voice Authorization Code: Voice authorization code received from the tokenization service
provider to authorize the credit card number.
If you want to import a credit card authorization other than the Credit Card Token Number, then you must
provide either the Credit Card Authorization Request Identifier or the Credit Card Voice Authorization Code. If
both are provided, then the Credit Card Authorization Request Identifier takes precedence.
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KEY RESOURCES
Importing External Data into AutoInvoice: Explained

AutoInvoice Import: How Data Is Processed
Processing Automatic Receipts: How It Works
Managing Automatic Receipts: Points to Consider
Approving Automatic Receipts: Explained
Confirming Automatic Receipts: Explained
Managing Remittances: Explained
Enabling Credit Card Tokenization: Explained
What's the difference between application behavior for credit card payments made with a CVN or without a CVN?
ABILITY TO UNAPPLY STANDARD CREDIT MEMOS FROM INVOICES
1. Use the Unapply Standard Credit Memo feature to search for and unapply standard credit memos.
2. You can now unapply a standard credit memo from the Manage Credit Memo Applications page.
3. When you unapply a standard credit memo, the following actions take place:
Removes all debit items from the credit memo.

Reverses the accounting entries for the credit memo.
Converts the standard credit memo to an on-account credit memo.
Reverts the invoice to an open debit item.
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The Unapply Standard Credit Memo feature:
Simplifies the unapplication process for standard credit memos that already existed for on-account credit
memos.
Provides a single user interface to manage both standard and on-account credit memos.
STEPS TO ENABLE
There are no steps to enable the Unapply Standard Credit Memo feature. The feature is available with your
Receivables installation.
You may need to review the setting of the Invoice Accounting For Credit Memo profile option:
If this profile option is set to Yes, you do not need to enter a Receivable account for Credit Memo transaction types.
If this profile option is set to No, then you must enter a Receivable account for Credit Memo transaction types.
CREDIT MANAGEMENT
Credit Management provides the information and tools to monitor and evaluate the credit worthiness of
customers and make informed credit decisions. With a wealth of timely internal and external data, you can
balance growth with financial stability by tailoring credit policies to your business needs and market
conditions. As part of the Oracle Financials Cloud Credit-to-Cash solution, the Credit Management feature
helps to improve cash flow, increase billing efficiency, optimize customer relationships, and instill corporate
and fiscal discipline.
This feature provides rich and easy-to-use credit management capabilities in the following four areas:
Comprehensive credit profiles and policies

Streamlined credit review process
Effective management of credit review lifecycle
Flexible scoring models and third-party integration
1. COMPREHENSIVE CREDIT PROFILES AND POLICIES
Customer profiles and customer account profiles now support a full list of credit-related attributes: Credit Analyst, Credit
Review Cycle, Last Review Date, Next Review Date, Credit Classification, Credit Limit, Credit Currency, Tolerance, Risk
Code, Credit Rating, Credit Hold, Include in Credit Check, Conversion Rate Type, and Expiration Offset Days.
You can choose to maintain these credit attributes in customer profiles or customer account profiles, or both. The values set
in a customer profile by default apply to all accounts of the customer. If necessary, you can set different values on individual
customer account profiles. Most importantly, the credit limit of a customer account defines the total credit that this one
account can consume; the credit limit of a customer defines the total credit all of its accounts can consume. Setting the credit
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profiles for customers or customer accounts is the prerequisite to most credit management functionality, including credit
checking, periodic credit review generation, and auto-assignment of credit analysts.
You can set or update these attributes using either the Manage Customers page or the Customer Import spreadsheet
(FBDI). Most of these attributes can also be defaulted based on the Receivables customer profile classes.
2. STREAMLINED CREDIT REVIEW PROCESS
You can conduct credit reviews on a customer or customer account. Each review is represented by a credit case folder.
Depending on the process, credit case folder creation is either automatic or manual.
Credit case folders created due to credit checking failure: When a customer or customer account fails a credit check,
and there is no active case folder for this customer or customer account, a new case folder is created automatically.
Credit case folders created based on periodic review cycle: The periodic review process creates new credit case
folders for customers that are due for periodic reviews, based on the Credit Review Cycle, Last Review Date, and
Next Review Date settings in the customer or customer account profiles.
Credit case folders created manually: To handle any ad-hoc credit review requests, credit analysts can create credit
case folders on the Credit Reviews page.
Use the Manage Credit Case Folder Templates setup task to define credit case folder templates to capture the default
scoring model and the data points to include in a case folder. When a case folder is created automatically, a template is
selected based on the credit classification of the customer or customer account and the review type (such as a periodic
review). The template scoring model and data points are applied to the case folder accordingly. Each case folder is also
automatically assigned a credit analyst based on the Credit Analyst setting in the customer or customer account profiles.
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3. EFFECTIVE MANAGEMENT OF CREDIT REVIEW LIFECYCLE
The new Credit Reviews work area provides credit analysts and credit managers with the necessary tools to review and
manage credit case folders. From the work area landing page, you can search case folders, view high-level information
about the case folders, and take actions such as creating a new case folder, reassigning case folders to another analyst, and
closing case folders. Predefined default searches are provided for credit analysts and credit managers to help manage their
work queue.
You can drill down to the case folder details page, which displays all the necessary information for a credit review:
The main information in any case folder includes a list of summary and high-level attributes, the data points displayed
based on the template, and the calculated credit score. You can view how the credit score is derived based on the
scoring model and the data point values. When the credit score cannot be calculated due to missing data point
values, you can enter the data point values and re-calculate the score.
You can create and edit recommendations, a set of predefined actions that Receivables will implement automatically
when the case folder is approved. Examples include setting a new credit limit, and adjusting the credit classification
for the customer or customer account.
You can also view the approval history of the case folder. The history includes records of when and by whom an
approval or rejection took place.
The available actions in the Actions menu are:
Refresh Data: Retrieves the latest values for all data points and recalculates the credit score.
Approve: Opens a secondary window to either specify the next approver or to approve the case folder.
Reject: Rejects a case folder.
Request for Information: Updates the case folder status and returns it to the credit analyst's work queue.
Withdraw: Withdraws a case folder that was pending approval.
Integration with Oracle Social Network (OSN), attachments, and notes are all available on case folders to assist credit
analysts with their daily tasks.
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4. FLEXIBLE SCORING MODELS AND THIRD-PARTY INTEGRATION
You can define credit scoring models using the Manage Credit Scoring Models setup task. Scoring models are used to
calculate credit scores based on the values of the set of data points you select. The Credit Management feature provides
commonly-used data points in categories that include Aging, Billing and Payments, Business Information and Credit,
Financial Data, and References. Values of the aging and billing data points are derived automatically based on data in
Receivables Cloud. Values for other data points can be entered manually or imported from third-party sources using Credit
Data Import. Credit Data Import uses the standard file-based data import (FBDI) technology, and provides an Excel
spreadsheet for uploads.
STEPS TO ENABLE
SECURITY
The new job role Credit Manager grants access to all credit management functionality. You can assign this role to your credit
analysts and managers. Alternatively, you can create customized roles using certain credit management privileges to suit the
needs of your Credit department.
FEATURE ENABLEMENT
Follow these steps to enable the Credit Management feature:

2. Search for the setup task Manage Receivables Lookups.
3. On the Manage Receivables Lookups page, search for the AR_FEATURES lookup type. (If the lookup type
AR_FEATURES does not exist, create it first using the setup task Manage Standard Lookups.)
4.
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4. Add a lookup code AR_CREDIT_MGMT to the AR_FEATURES lookup type and save the changes.
SET UP CREDIT SCORING MODELS
Follow these steps to define credit scoring models:

2. Search for the setup task Manage Credit Scoring Models. You can also search for the task list Define Credit
Management Configuration. This task list contains two tasks: Manage Credit Scoring Models and Manage Credit
Case Folder Templates.
3. On the Manage Credit Scoring Models page, click the Add icon to go to the Create Credit Scoring Models page.
4. On the Create Credit Scoring Model page, enter the scoring model details and save the changes.
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SET UP CREDIT CASE FOLDER TEMPLATES
Follow these steps to define credit case folder templates:

2. Search for the setup task Manage Credit Case Folder Templates. You can also search for the task list Define Credit
Management Configuration. This task list contains two tasks: Manage Credit Scoring Models and Manage Credit
Case Folder Templates.
3. On the Manage Credit Case Folder Templates page, click the Add icon to go to the Create Credit Case Folder
Template page.
4. On the Create Credit Case Folder Template page, enter the case folder template details and save the changes.
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E-MAIL DELIVERY OF STATEMENTS
1. Use the E-Mail Delivery of Statements feature to automatically deliver statements directly to customers using e-mail.
Using e-mail delivery expedites the delivery of statements to customers and reduces costs by omitting postal delivery of
customer statements. Additionally, you help customers reduce costs by having an appointed contact receive the
statements directly.
2. The existing Consolidated Statement feature consolidates billing activity across customer sites into a single statement for
the customer account. E-Mail Delivery of Statements automatically supports this feature by sending the consolidated
statement to the designated statement site.
3. The Create Customer Statements program has been enhanced to automatically e-mail statements as attachments to
the designated customer contacts. You can now define outbound parameters, such as your company e-mail address
and reply-to address, and create unique text for the body of the e-mail for each organization receiving statements via
e-mail.
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If the e-mails to customers cannot be successfully delivered, the Reply-to E-Mail address specified under
Receivables System Options will receive returned e-mails. The user who monitors that e-mail inbox can resend the e-
mails from the local e-mail client. For this reason, it is important to set up Reply-to E-Mail correctly.
Alternatively, the user who monitors the status of scheduled processes can perform the resend. If e-mail delivery fails
for any reason, the detailed output for the process will display a failure status. Clicking the Send icon will invoke a
dialog to send the e-mails again without having to re-submit the scheduled process Create Customer Statements.
The user only needs to enter the To, Reply-to, Subject, and the e-mail message text again.
4. A statement is sent to customers in a timely manner using e-mail, and customers can download and view the
statements at their convenience.
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STEPS TO ENABLE
1. To use the E-Mail Delivery of Statements feature, fill in the information under the Statement Delivery Using E-Mail section
for the applicable business unit in the Billing and Revenue tab of the Receivables System Options page.
For each organization that sends statements via e-mail:
Specify the organization name, e-mail address, and reply-to e-mail address.
Create the unique subject text and indicate whether to include the business unit and statement date in the
subject.
Customize the body text specific to each of your business units.
This information is included in the e-mail to the customer, along with the statement, when you run the Create
Customer Statements process for this business unit.
2. In the profile class assigned to each applicable customer, you must set the Statement Preferred Delivery Method
field to E-Mail in order for customers to receive statements using e-mail.
3. For existing customers, you can update the profile class to this option, and reapply the profile, thereby updating all
customers using this profile.
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4. You can also update the profile on specific customer accounts or sites that choose to receive e-mailed statements.
5. In the Customer Contact Point section of the Manage Customer page, you must enter the contact point information
for each applicable customer. The Contact Point Type designates the contact’s e-mail address for receiving
documents. The Contact Responsibility Type specifies the type of document; in this case, select the responsibility
type of Statements for e-mail delivery of customer statements.
6. If multiple contacts should receive a copy of the statement, then be sure each contact has an e-mail address and the
responsibility of type Statements
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SUBLEDGER ACCOUNTING
Subledger Accounting provides configurable rules that automatically transform subledger transactions into
subledger journal entries. The flexible rules define accounting policies and generate accounting for legal and
corporate reporting needs and reconcile accounting to transaction data using predefined functionalities.
EXPORT ACCOUNTING ENTRY VIEW IN SPREADSHEET
You can now view the exported accounting entry line detail attributes displayed as separate columns in the
spreadsheet. This makes it easier for you to filter any column in the spreadsheet for further analysis.
View Accounting in Spreadsheet
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STEPS TO ENABLE
There are no steps necessary to enable this enhancement.

KEY RESOURCES
Oracle Financials Cloud Using Subledger Accounting
SUBLEDGER REPORTING
Subledger Account Analysis and Journal Reports list accounting entries from subledgers and those directly
created in or imported to general ledger.
In Release 13 two underlying extracts of the reports are enhanced to include clearing accounts reconciliation information.
The data model now includes the reconciliation date, reconciliation group, reconciliation reference, and reconciliation status
attributes.
You can customize BIP templates of the following reports to include clearing account reconciliation information:
Account Analysis Report

Account Analysis by Legal Entity Report
General Ledger and Subledger Account Analysis Report
General Ledger and Subledger Accounting by Journal Lines Report
Daily Journals Report
Journal Ledger Report
STEPS TO ENABLE
KEY RESOURCES
Subledger Reporting Topical Essay

USABILITY ENHANCEMENTS FOR SUBLEDGER ACCOUNTING - JOURNALS REAL TIME SUBJECT

AREA
New dimension folders are added to enable reporting on supporting documents and supporting reference
balances. To simplify the subject area, code columns, such as balance type code and fund status code are
now hidden. Instead customers can use related description columns for these code columns for reporting.
Any existing reports that use these hidden code columns will continue to function. These description columns
have Double Column feature enabled that automatically supports multi-language translation in string filtering.
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STEPS TO ENABLE
TAX
Tax provides a centralized, global solution for managing your transaction-based tax requirements across
Oracle Applications Cloud. Tax automates transaction tax calculation, tax determination, and tax reporting
functions across business documents, such as sales invoices, purchase requisitions, purchase orders, and
supplier invoices. You can quickly configure your transaction taxes according to local and international tax
requirements using the Rapid Implementation spreadsheets.
ENHANCED SUPPORT FOR TAX PARTNER INTEGRATION
Tax Partner Integration with Oracle ERP Cloud empowers customers with the best practice capabilities to leverage third-
party tax partner content in an efficient manner to address key considerations such as the seamless uptake of regular
periodic rate changes and taxability rules, automated tax partner returns preparation and filing with tax authorities, and
transaction tax calculation. With the flexible architecture provided, customers can optimally leverage different
combinations of these capabilities to accommodate their respective business objectives. Oracle ERP Cloud tax partner
integrations currently deliver tax content and tax reporting services that provide a fast and valuable ROI option for mid-
market companies adopting Oracle ERP Cloud.
It provides integrated cloud-to-cloud tax calculation services for enterprise-grade companies.
A generic, flexible and scalable tax partner integration infrastructure has been validated using end-to-end Vertex
transaction tax solution offerings, lending value in fulfilling the universal tax compliance function.
Automated Tax Content Management: The Tax Content offering provides the ability to receive and automatically load tax
content or recurring content updates for geographies, tax jurisdictions, tax rates, and taxability rules for products and
services with additional support for potential customer-specific changes. Updates are also available from Vertex on a
monthly basis or other periodic basis for statute changes as applicable.
Comprehensive Tax Calculation Capabilities: The Tax Calculation offering provides “cloud-to-cloud” integration of ERP
Cloud and tax partner tax calculation services such as Vertex O Series Cloud for transaction tax calculations. There are
no required software integration components deployed on the cloud. Data flows seamlessly between Oracle ERP Cloud
and separately hosted tax partner solutions such as Vertex O Series Cloud.
Seamless Tax Compliance: The Tax Reporting offering provides the ability to utilize tax partner reporting solutions such
as Vertex Indirect Tax Returns for preparation of signature-ready returns for filing US sales and use taxes. The offering
also supports the Vertex Returns Outsourcing service so that Vertex can manage the entire tax compliance function from
tax return generation to payment remittance.
The diagram below illustrates the Tax Partner Integration solution flow using the Vertex tax solution and describes how the
solution services provide best practices and comprehensive cloud-to-cloud integration:
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STEPS TO ENABLE
1. To use the Tax Content service with either the native Oracle ERP Cloud tax calculation application or tax partner
calculation application:
Use the Rapid Implementation feature to upload tax partner content.

Upload Business Unit Subscriptions for the applicable tax partner regimes.
Make taxes applicable and enable tax partner taxes previously uploaded.
NOTE: There is an option to automate these tasks via web service.
2. To use the Tax Calculation service from tax partners for both real-time and batch transaction tax calculations:
Perform the prerequisite steps outlined in the tax content solution above.
Register tax partner such as Vertex as a tax calculation partner and store the applicable tax partner
application (e.g. Vertex O Series) URL and access credentials in ERP Cloud.
Enable tax partner based tax calculation (regime determination option) as part of Configuration Owner Tax
Options UI task flow for applicable event classes.
3. To use the Tax Reporting service with Vertex Indirect Tax Returns:
Launch the tax partner (Vertex) BIP reports automatically or on-demand
Import the Vertex tax report extract file(s) generated into Vertex Returns for tax return filing, or if the Vertex
Returns Outsourcing service is used, Vertex will automatically import and file the tax returns with the
appropriate tax authorities
TAX BOX ALLOCATIONS
The Tax Box Allocation feature is enhanced in Release 13 to allow annual reporting of tax and taxable
amounts grouped under tax boxes.
The Tax Box Return Preparation Report now lists taxable and tax amounts grouped by tax declaration box numbers for
periodic or annual allocations.
The R13 enhancement includes changes to the existing parameters and introducing new parameters. The Reporting
Periodicity parameter allows you to choose between periodic and annual allocations. A new parameter Tax Calendar Year
allows you to choose reporting year for annual allocation amounts. Use Tax Calendar Year parameter to report transactions
on annual basis. Use Tax Calendar Period parameter to report transactions for a specific period.
The following table shows the combination of parameter values that are valid, other combinations will not list data.
Reporting Periodicity Tax Calendar Year Tax Calendar Period
Periodic N/A Period (e.g. May-17)
Annual Year (e.g. 2017) N/A
The report output sample:The report now supports reporting of detail, summary and both detail & summary of tax and
taxable amounts. A new parameter Summarization level has three options: Detail, Summary, Both.
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STEPS TO ENABLE
You can define the Tax Box Allocation rule to be used for annual allocations or periodic allocations. The
Report Periodicity field indicates the reporting frequency for which the tax boxes will be used. The possible
values are Periodic and Annual.
For the implementations with the same set of tax boxes for periodic and annual reporting and the same rules of their
designation, you create the tax box allocation rules with the Report Periodicity either ‘Periodic allocation’ or ‘Annual
allocation’. In this case the tax box allocation rules defined with the Report Periodicity ‘Annual allocation’ becomes also valid
for periodic reporting and vice versa.
Customize the Tax Box Return Preparation Report BIP template to meet your tax reporting legal format.
KEY RESOURCES
Tax Box Allocations Topical Essay
REGIONAL AND COUNTRY-SPECIFIC FEATURES
Oracle Financials Cloud provides features that integrate with your procure-to-pay and order-to-cash business
flows for regional and country-specific statutory and business requirements.
FINANCIALS FOR REGIONAL LOCALIZATIONS
EXCHANGE RATE DIFFERENCE INVOICES
EXCHANGE RATE DIFFERENCE INVOICES

1. Calculate the gain/loss due to the exchange rate difference. This difference occurs because of the exchange rate
fluctuation between invoice creation date and the actual payment accounting date for foreign currency business
transactions. Exchange rate difference gain/loss is subject to VAT in some countries like Turkey.
2. Exchange rate difference invoices, credit memos or journals are created based on the processed documents.
3. A report can also be generated to review the exchange rate difference documents processed.
PROCESS EXCHANGE RATES DIFFERENCE PROGRAM
1. The program selects and processes eligible gains/losses recorded for a supplier or customer enabled for exchange
rate difference invoice generation.
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2. It creates either a primary ledger currency standard invoice or credit memo, if you choose to generate an invoice; or
a primary ledger currency journal, if you choose to generate a journal. If both is chosen as a value for creation option
parameter, then eligible invoices, credit memos and journals are created as expected.
3. The program can be run in preview mode first and then in final mode, or directly in final mode.
PROCESS EXCHANGE RATES DIFFERENCE REPORT
1. The report prints the eligible gain/loss lines processed by the Process Exchange Rate Difference program.
2. The details are printed for each trading partner and site.
3. It summarizes complete details for the exchange rate difference invoices, credit memos, and journals along with tax
components in the primary ledger currency.
4. The invoice or credit memo number and journal names are only printed, when the report is run for processed
records.
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EXCHANGE RATE DIFFERENCE PROCESSING
1. Create foreign currency invoices and payments in final accounted mode. Payments must have the exchange rate gain
/loss recorded.
2. Optionally run the Process Exchange Rate Difference program in preview mode to review the gain/loss lines that will
become exchange rate difference invoices, credit memos and journals, when the program is run in final mode.
3. Optionally run the Process Exchange Rate Difference report, running the program in preview mode to review the
expected exchange rate difference invoices, credit memos and journals, when the program is run in final mode.
4. If the processed exchange rate difference gain/loss lines contain errors, then correct the errors and rerun the report
in preview mode to review the processed lines again.
5. If the processed exchange rate difference gain/loss lines are correct, then run the Process Exchange Rate Difference
program in final mode.
6. The program output generated as part of the final mode processing displays the details of the processed documents.
7. You can run the Process Exchange Rate Difference report, after running the Process Exchange Rate Differences
program in final mode, to review the exchange rate difference invoices, credit memos and journals created.
8. For payables, close the exchange rate difference invoices and credit memos by creating a payment.
NOTE: For Receivables, you do not have to create receipts as the open receivables setup at transaction type
level is not selected.
STEPS TO ENABLE
See Exchange Rate Difference Invoices Topical Essay with step-by-step screenshots of the setup for
Exchange Tax Rate Difference processing.
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GLOBAL DESCRIPTIVE FLEXFIELDS
Setup the Turkey specific global descriptive flexfield context present on the following user interfaces to provide additional
information for processing.
1. Manage Receivables System Options

2. Manage Receivables Customer Profile Classes
3. Manage Common Options for Payables and Procurement
4. Manage Suppliers
5. Define Supplier Site
6. Create Transactions, Manage Transactions
7. Create Invoices, Manage Invoices
SUBLEDGER ACCOUNTING FOR RECEIVABLES AND PAYABLES
Modify the journal entry rule set for Payables and Receivables subledger applications definition:
1. Derive the exchange rate difference clearing gain/loss account instead of the realized gains/losses account when the
exchange rate gain/loss is accounted as part of the payment accounting.
2. Offset the exchange rate difference clearing gain/loss account with the realized gains/losses account referenced
above in the exchange rate difference transaction, credit memo or journal created.
TAX REPORTING TYPE AND CODES
For the following two scenarios, the setup is used to achieve different tax accounts in the exchange rate differences credit
memo:
1. Exchange rate gain in Payables.

2. Exchange rate loss in Receivables.
JOURNAL CATEGORIES
Define journal categories for exchange rate difference gains/losses journals that are created by the Process Exchange Rate
Differences program.
AUTOINVOICE
The AutoInvoice process creates the exchange rate difference invoices and credit memos in Receivables. Complete these
setups for AutoInvoice:
1. Descriptive flexfields
2. AutoInvoice grouping rules
3. Imported transaction sources
4. Invoice and Credit Memo transaction types
PAYABLES INVOICES AND CREDIT MEMOS CLOSURE
The exchange rate invoices and credit memos created need to be closed by in Payments using either a manual payment or
a payment process request.
This closes the exchange rate difference invoices and credit memos without impacting the supplier balances.
Complete these setups in Payments for a Payment Process Request:
1. Define bank account with clearing gain/loss accounts.

2. Define payment methods.
3. Define payment request templates.
4. Schedule payment process request.
DUTY ROLE AND PRIVILEGES
1. Product : Financials for EMEA

2. Duty Role : EMEA Financial Reporting Duty
3. Privilege Title : Prepare Exchange Rate Differences
4. JE_PREPARE_EXCHANGE_RATE_DIFFERENCES
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Complete all solution related setup for the subledger application for which processing is needed before
running the process.
KEY RESOURCES
Refer to the following links and documents:

1. Exchange Rate Difference Invoices Topical Essay
2. Exchange Rate Difference Invoices TOI
3. Exchange Rate Difference Invoices New Feature Summary
FINANCIALS FOR THE AMERICAS
Financials for the Americas supports country-specific features and functions for the Latin America region.
Oracle Financials Cloud Release 13 includes new country-specific features for Argentina, Brazil, Chile and
Colombia.
ARGENTINA
DOCUMENT NUMBERING FOR ARGENTINA
Documents numbers can now be automatically assigned to Receivables transactions based on the
requirements for Argentina.
STEPS TO ENABLE
ENABLE DOCUMENT NUMBERING

1. Assign the Manage Localization System Options and Manage Fiscal Document Sequences privileges to users.
2. In the Financials offering, enable Argentina in the Regional Localizations offering option.
Setup and Maintenance > Offerings > Financials > Change Configuration > Click Features > Enable
Argentina under Regional Localization.
3. Once enabled, the Define Localization Configuration for Argentina task list is available when the Financials offering is
added to the implementation project.
4. From the task list access the Manage Localization System Option task and create a configuration for the Argentina
Business Units.
5. For the Business Unit, select the Enable Document Numbering option.
6. Access the Manage Localization Document Numbering task and from the page level switcher, select Argentina to
launch the Create Document Numbering in Spreadsheet dialog window.
7. Select the Business Unit (BU).
NOTE: There are two spreadsheets to configure this feature.
CONFIGURE DOCUMENT NUMBERING FOR SALES TRANSACTIONS
1. Specify the document letter.

2. Enter Document Class and Transaction Type if you want to assign document sequence at a lower granularity.
3. Select from the available sequence names and specify the Branch Number.
4. The Authorization Code is optional and, if specified, the numeric bar code is generated on submission of the
spreadsheet. This numeric bar code is copied to the transaction header when a transaction is complete.
5. You can also enter the end date and last sequence value.
CONFIGURE CONTEXT VALUES FOR DOCUMENT NUMBERING
1. Select Setup for document numbering context values from the Configuration for list of values to display the
spreadsheet.
2. Select the Party Fiscal Classification value that indicates if your customer is registered, nonregistered, foreign and so
on, and associate a document letter with it.
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TRANSACTION TAX REPORTING FOR ARGENTINA
Use the following transaction tax reports to comply with fiscal reporting requirements in Argentina.
The following reports are generated using seeded formats.
Payables VAT Buying Report for Argentina

VAT Sales Report for Argentina
The following reports generate flat files in XML data format that can be used in conjunction with custom layouts.
RG 3685 Purchasing Flat File for Argentina

RG 3685 Purchasing Rates Flat File for Argentina
Payables Perceptions for the Flat File for Argentina
RG 3685 Import Purchasing Flat File for Argentina
Receivables Perceptions File for Argentina
RG 3685 Sales File for Argentina
Income Tax Self Withholding Report for Argentina
STEPS TO ENABLE
1. In the Financials offering, enable Argentina in the Regional Localizations offering option
Go to Setup and Maintenance > Offerings > Financials > Change Configuration > Click Features > Enable
Argentina under Regional Localization.
2. Assign the LAD Financial Reporting duty role to users to access these reports.
Seeded report formats can be modified to meet implementation-specific requirements or when local
regulations change.
WITHHOLDING TAXES FOR ARGENTINA
To meet statutory requirements for processing withholding taxes, the following withholding tax features can
be configured for Argentina:
VAT Withholding (‘Retención de IVA’)
Using the new withholding tax options, VAT Withholding tax is calculated only on VAT tax amount, not on the invoice
line amount. The withholding rate is applied on the VAT tax amount at payment time, and only for specified types of
taxes.
Turnover Withholding Tax – Multilateral & Non-Multilateral (‘Retenciones de Ingresos Brutos - convenio multilateral’)
Using the new turnover withholding tax options, adjust the taxable basis for tax payers subject to Multilateral
Agreements. Set up regime tax rules that will calculate the revenue percentage in each province, on each
transaction, and process the withholding for the supplier in the ratio of revenue subject to each province. Establish
regime rules that limit the amount and the proportion of the withholding taxable basis amount allocated between two
jurisdictions.
Argentina Income Withholding Tax (‘Retenciones de Ganancias’)
Using new withholding tax options, process withholding at the time of payment, including pre-payments or multiple
payments. The withholding is made on the total invoice amount and when multiple invoices from the same vendor
are paid in one payment. Track thresholds and schedules by service classification for a document or period. When
the sum of the payments is reached by withholding income tax rate schedule, apply the correct rates. The Taxable
Basis will be calculated on the total amount of each item that is paid and the deduction of corresponding VAT.
STEPS TO ENABLE
In the Financials offering, enable Argentina in the Regional Localizations offering option.
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Setup and Maintenance > Offerings > Financials > Change Configuration > Click Features > Enable Argentina under
Regional Localization.
CONFIGURE TRANSACTION TAX WITHHOLDING
To make withholding tax applicable on a specific transaction tax, use Manage Tax Determining Factor Sets to configure a
new Withholding Tax Determining Factor Set with following details:
Determining Factor Class = ‘Tax Derived Factor’

Tax Class Qualifier = select the Transaction Tax Regime
Determining Factor Name = ‘Tax’
In Manage Tax Conditions Sets, configure a new Withholding Tax Condition Set using the Determining Factor Set defined in
previous step:
Operator Equal To
Value or Start from Range Select the transaction tax
In Manage Tax Rules, configure the new Withholding Tax Applicability Rule using the Withholding Tax Determining Factor
Set and Withholding Tax Condition Set defined in previous steps.
CONFIGURE THRESHOLDS BY SERVICE CLASSIFICATION
In Manage Withholding Taxes - Thresholds Controls, you have the option to configure the new fields Classification Type and
Classification Code to evaluate a threshold by service classification.
If service classifications have been defined as Product Categories (non-inventory items), configure the thresholds by
Product Category. In this case:
Classification Type = Product Category
Classification Code displays Product Categories
If service classifications have been defined as Product Fiscal Classifications (inventory items), configure the
Thresholds by Product Fiscal Classification. In this case:
Classification Type displays Product Fiscal Classification Type Codes
Classification Code displays Product Fiscal Classification Codes for the specified classification type.
CONFIGURE WITHHOLDING SCHEDULES BY SERVICE CLASSIFICATION
For each service classification or a group of service classifications, configure a tax rate rule to identify the tax rate code and
thereby the tax rate schedule to be applied on a transaction line.
CONFIGURE TAXABLE BASIS EXEMPTIONS
In Manage Tax Exemptions - Third Party Tax Profile, select the tab Withholding Taxable Basis Exemptions to view any
existing taxable basis exemptions for a specific supplier or enter new exemption percentages using the Manage in
Spreadsheet option.
CONFIGURE WITHHOLDING CONTROLS AND DEFAULTS
In Manage Withholding Taxes - Controls and Defaults, check the new option Allow invoice amount withholding when
withholding is to be calculated on invoice amount from the first partial payment of the invoice.
BRAZIL
ACCOUNTING (SPED) FOR BRAZIL
SPED (or Public System of Digital Bookkeeping) was created by the government of Brazil to unify the
reception, validation, storage, and authentication of books and documents involved in the taxes and
bookkeeping of companies, through a single computerized flow of information. The Accounting SPED (or
ECD) is a SPED subproject where companies are required to build a text file from their accounting systems
to report all accounting transactions once a year. This text file has a specific format and is uploaded to the
Federal Tax Authority database in Brazil.
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Use Accounting SPED to:
Generate Accounting SPED report file in ready-to-report format as required by the Tax Authorities.
Generate the accounting report file in multiple modes where you can either report the consolidated information, that
is, for the entire Legal Entity, or you can report individually for each Legal Reporting Unit. This means that reports are
generated in centralized or decentralized mode.
Create the accounting report file for various bookkeeping types by changing the type during report generation: A, B,
R, A/B, A/R or G.
Report all the analytical accounts and the respective parent accounts from the Chart of Accounts information.
Choose whether the report fetches the journals in summary mode or detailed mode.
Report all the data from Subledger Accounting (SLA) or General Ledger (GL) as configured.
STEPS TO ENABLE
For defining a specific SPED accounting configuration, you must be assigned the Manage Accounting Configuration
for the Americas privilege.
For configuring SPED participant information you must be assigned the Manage Participant Relationship for Brazil
privilege.
For generating SPED extract files you must be assigned the Generate Brazilian Accounting SPED Data Extract
privilege.
The Accounting SPED report file is compatible with SPED Layout 4.0.
The Brazilian Federal Tax Authority provides a validator program that checks the consistency of the Accounting SPED
report file. Validate the Accounting SPED report file using this program and make the necessary corrections before
uploading the final file to the Tax Authority.
ORDER TO CASH FOR BRAZIL
FISCAL DOCUMENT GENERATION AND MANAGEMENT
Fiscal Documents are used in Brazil to comply with regulations of the tax authorities. They also have the purpose of
registering a transfer of ownership over a good or a commercial activity provided by a company to an individual or to another
company.
Use Fiscal Document Generation to create and manage fiscal documents for your sales invoices, internal transfer
shipments, shipments of returns to vendors and internal transfer of fixed assets. The Fiscal Document Generation process is
integrated with Receivables so that the appropriate fiscal attributes can be entered, taxes can be calculated, and a fiscal
document can be generated for sales invoices before invoices are completed. The process is also integrated with Shipping
so that fiscal attributes can be captured for shipments, and fiscal documents can be generated and managed before internal
transfer and RTV shipments are released. For fixed asset transfers, the required transaction information is moved to
Receivables, so a fiscal document can be generated based on a non-receivable invoice.
The entire fiscal document lifecycle is managed by Fiscal Document Generation:
Capture and validate transaction information required by tax authorities.

Generate a sequential fiscal document number with corresponding series and a unique fiscal document key.
Extract and send fiscal document information to partner, who will communicate with tax authorities.
Process the tax authority return information like approval, validation errors or rejection.
Automatically complete the receivables invoice or allow the shipment to be released, after fiscal document is
approved by tax authority.
Print the DANFE so it can be shipped with the goods.
Void a fiscal document if you want to report to Tax Authority that the fiscal document number will not be used.
Cancel the fiscal document when it is approved by the tax authority but the goods or services are no longer intended
to be provided or shipped.
Generate the fiscal document in contingency mode, so goods can be shipped even when there are communication
issues with tax authority.
Predefine time limits within which a fiscal document can be cancelled, voided or generated in contingency mode as
specified by each tax authority.
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SALES INVOICING AND CUSTOMER RECEIPTS ENHANCEMENTS
Receivables has been enhanced to support business requirements for Brazil related to bank collection and interest
calculation.
This feature allows you to:
Create collection remittance files based on invoice payment terms and including instructions to banks such as
interest charges and protests after due date.
Create and print collection documents so they can be sent to your customers.
Generate updated instructions to banks for invoice changes like interest parameters, discounts and due dates.
Import the bank return file, creating and applying the receipts automatically.
Calculate interest and late charges upon receipt considering local holiday rules.
If interest or penalty are not fully collected, automatically write-off the difference using a write-off tolerance or
generate a debit memo against the customer.
STEPS TO ENABLE
FISCAL DOCUMENT GENERATION AND MANAGEMENT

For configuring Fiscal Document Generation, users must be assigned the Financials Administration for Brazil duty
role.
For generating fiscal documents, users must be assignedthe Fiscal Document Generation duty role.
For enabling Fiscal Document Generation in the Shipments Workarea and Billing Workarea:
Enable Fiscal Document Processing for the Business Unit in Manage Localization System Options. The
Inventory Organization associated with the Business Unit will be able to generate fiscal documents.
Define fiscal document configuration for the Business Unit in Manage Fiscal Document Generation Controls
for Receivables and Inventory Management applications.
SALES INVOICING AND CUSTOMER RECEIPTS ENHANCEMENTS
For configuring Accounts Receivable features for Brazil, users must be assigned the Financials Administration for
Brazil role. For managing collection documents, users must be assigned the Receivables Management for Brazil
duty role.
To enable Receivables features for Brazil, enable Collection Document Processing for the Business Unit in Manage
Localization System Options. You should also define the Collection Document and Interest configuration.
The collection document bank files are generated according to FEBRABAN standards (Brazilian Bank
Federation). Implementation of specific bank formats can be worked with implementation partners.
For Fiscal Document Generation, partners must be able to get the fiscal document information from the extract file and
communicate with tax authorities. Tax Authority return and communication issues must be notified to Fiscal Document
Generation, so they can be handled properly.
PROCURE TO PAY FOR BRAZIL
TAX PROCESSING FOR FISCAL DOCUMENT CAPTURE
The Fiscal Document Capture application obtains a pre-validation from the tax authority of the fiscal document issued by a
supplier, before capturing fiscal document information. Taxes applied on it are treated as the source of truth for accounting
and reporting purposes. However, during fiscal document capture and processing, taxes are additionally calculated as per
tax setup, compared with the supplier notified taxes, and a hold is placed if their difference is beyond tolerance limits.
Tolerance limits for the difference between fiscal document taxes and calculated taxes are defined within Configuration
Owner Tax Options, for the event class Fiscal Document Capture.
In the Manage Fiscal Document page, the tax amount notified on the fiscal document is captured in the Fiscal Document Tax
Amount field and the amount calculated according to tax setup is displayed in the Calculated Tax Amount.
If a fiscal document is received in physical format, then it is manually entered into Manage Fiscal Document page. On
invoking Calculate Tax or Validate actions, taxes are calculated as per tax setup. Both the attributes Fiscal Document Tax
Amount and Calculated Tax Amount capture the calculated value and users can review and correct fiscal document tax
amount, if required.
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Irrespective of the mode of fiscal document creation, only the taxes captured into Fiscal Document Tax Amount are
processed to downstream transactions. After a fiscal document is registered and validated in the application, corresponding
inventory details (through goods receipts) and supplier liability (through Payables invoices) are automatically created.
Taxes on receipt are handled during the receipt accounting process. This treatment is based on the setup created within
Configuration Owner Tax Options defined for the Billing Business Unit/Legal Entity.
RETURN TO VENDOR FISCAL DOCUMENTS
In case of return receipts, a return shipment is created and a return fiscal document is generated against it. Tax treatment in
this case is similar to the standard approach. Taxes are handled during the receipt accounting process and those captured
on the original goods receipt are reversed.
COMPLEMENTARY FISCAL DOCUMENTS
If there is any discrepancy in the fiscal document sent by the supplier on any aspects relating to price, quantity or tax, then a
complementary fiscal document is issued by the supplier for rectifying the same. Where complementary fiscal documents
involve price or tax corrections, the tax amount notified in the fiscal document is also taken as Calculated Tax Amount, as
the transaction information would not be sufficient for invoking a tax call.
PAYABLES INVOICE ASSOCIATED WITH FISCAL DOCUMENT
If Fiscal Document Capture is not implemented, then you have the option to register a service fiscal document directly for a
Payables invoice by classifying various charge types, calculating taxes (as per Brazil requirements), and capturing fiscal
attributes.
In this process, associated charges on a transaction could be classified as Freight, Insurance, Packing Charges,
Miscellaneous, and Commercial discount using the attribute value Fiscal Charge Type and allocating them to Item
lines. Based on the taxable basis formula associated with a tax, charge details allocated to an item line are included in the
taxable basis formula.
In case of fiscal document capture using the Fiscal Document Capture application and interfaced to a Payables invoice,
taxes applied on the fiscal document are always carried to the invoice.
However, for the applicable accounting, variances are calculated based on the difference between the taxes considered at
the time of receipt.
PROCESS AND MANAGE SUPPLIER PAYMENTS
Payables has been enhanced to support business requirements for Brazil related to supplier payments. Use the following
features to manage bank collection documents, process payments through banks, and calculate interest and late charges
according to local rules:
Update Payables invoice to Enable Collection Document Processing so installments are placed on hold until they are
applied to a collection document.
Update installments with interest and penalty calculation parameters like interest type, interest formula, penalty type,
and grace days.
Import bank collection documents into the application or enter them manually. The collection document includes
information such as barcode number, supplier, payment amount, due date, discount, penalties, and interest details.
Associate a collection document with one or multiple invoice installments either manually or automatically. Once the
association of the installment is completed, the installment is released from hold.
When invoices are paid after the due date, calculate interest and penalties as per agreed terms with the supplier. The
interest can be simple interest or compound interest, and penalty can be an amount or percentage. You can define
grace days based on the type of interest that is charged.
Define a business day calendar and local holidays for the city, on which the due date is determined. Interest is
calculated on overdue invoices based on the due date.
Use Electronic Funds Transfer (EFT) to automate payment order transfers between the company and the bank. You
can pay multiple third parties in the same file, using the FEBRABAN (Brazilian Bank Federation) standard layout.
Import Bank Return file with the payments that have been processed or rejected by bank.
STEPS TO ENABLE
TAX PROCESSING FOR FISCAL DOCUMENT CAPTURE
There are no steps needed to enable this feature and it is only available in the Fiscal Document Capture application.
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PROCESS AND MANAGE SUPPLIER PAYMENTS
For configuring Payments features for Brazil, users must be assigned the Financials Administration for Brazil duty
role.
For managing payment collection documents, users must be assigned the Payables Management for Brazil duty
role.
For enabling Payments features for Brazil, enable Collection Document Processing for the Business Unit in Manage
Localization System Options. You should also define the Collection Document and Interest configuration.
The payment bank files are generated according to FEBRABAN standards (Brazilian Bank Federation).
Implementation of specific bank formats can be worked with implementation partners.
TAXPAYER ID AND TAX REGISTRATION VALIDATION FOR BRAZIL
CNPJ, CPF, IE, IM and SUFRAMA are different types of tax registrations and taxpayer identifiers issued by
the federal revenue bureau, fiscal authorities and government agencies in Brazil.
These are identification numbers required for companies doing business in Brazil whenever they are selling or shipping
goods, providing services, paying taxes, requesting approval for fiscal document generation, collecting from customers or
processing payments through banks, reporting taxes, and so on. ERP Cloud provides the infrastructure to capture, maintain,
and validate such information for enterprise, suppliers, customers and other parties in the Manage Legal Entity Registrations,
Manage Legal Reporting Unit Registrations, and Manage Tax Registrations of Legal Reporting Unit Tax Profile, Third-Party
Tax Profiles and Third-Party Site Tax Profiles.
CNPJ (Cadastro Nacional da Pessoa Juridica or LEGAL ENTITY NATIONAL REGISTRATION)
CNPJ is an identification number issued to Brazilian companies by the Federal Revenue Bureau in Brazil. Also, distinct
CNPJ numbers are required for each company branch operating in a different address. The CNPJ of the fiscal document
issuer is mandatory information for tax authorities and can also be required for bank collection and payment processing.
For first parties, CNPJ must be defined as Legal Entity and Legal Reporting Unit registrations during Manage Legal Entity
Registrations and Manage Legal Reporting Unit Registrations tasks.
For customers, suppliers and other third parties, CNPJ should be defined as Taxpayer Identifier number at Manage Tax
Registrations of Third-Party Tax Profiles and Third-Party Site Tax Profiles. This information is validated for uniqueness,
format, and check digit requirements.
CPF (Cadastro de Pessoas Físicas - INDIVIDUALS REGISTRATION)
CPF is the registration number for individuals maintained as Suppliers, Customers, or other third parties involved in
transaction flows. It is not maintained for Legal Entity and Legal reporting Units. CPF is assigned by the Brazilian Federal
Revenue Bureau to individual tax payers, and it is necessary to perform any legal or commercial activity.
CPF should be defined as Taxpayer Identifier number at Manage Tax Registrations of Third-Party Tax Profiles and Third-
Party Site Tax Profiles. This information is validated for uniqueness, format, and check digit requirements.
IE (Inscrição Estadual - STATE REGISTRATION)
The State Inscription Number is a registration assigned by state fiscal authorities for ICMS tax. All companies that are
required to pay ICMS tax must be registered to have an IE registration number. Companies doing business in more than one
state should have a different IE for each state. Also, State Inscription Numbers of first party and third parties are necessary
for tax reporting and fiscal documents.
For first parties, IE should be defined as Legal Reporting Unit tax registration in Manage Tax Registrations of Legal
Reporting Unit Tax Profile. For customers, suppliers and other third parties, IE should be defined as Tax Registration
number in Manage Tax Registrations of Third-Party Tax Profiles and Third-Party Site Tax Profiles. This information is
validated for uniqueness, format, and check digit requirements.
IM (Inscrição Municipal – MUNICIPAL INSCRIPTION NUMBER)
The Municipal Inscription Number is the tax payer identification number in the Municipal Tax Register. This registration is
required for companies providing services and which are required to pay ISS tax to the city. Companies doing business in
multiple cities should have a different IM for each city. Also, Municipal Inscription Numbers of first party and third parties are
necessary for tax reporting and service fiscal documents.
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For first parties, IM should be defined as Legal Reporting Unit tax registration in Manage Tax Registrations of Legal
Reporting Unit Tax Profile. For customers, suppliers and other third parties, IM should be defined as Tax Registration
number in Manage Tax Registrations of Third-Party Tax Profiles and Third-Party Site Tax Profiles. This information is
validated for uniqueness.
SUFRAMA (Super Intendencia da Zona Franca de Manaus - MANAUS FREE TRADE ZONE AGENCY)
SUFRAMA is the “Manaus free trade zone agency” responsible for managing both incoming and outgoing goods in the area
affected by the fiscal benefits. Companies in this area should register in SUFRAMA to get a registration number. This
information is required for fiscal documents related to transactions with applicable tax benefits. The SUFRAMA registration of
the ship-to party must be shown in those fiscal documents and for tax reporting.
SUFRAMA should be defined as Taxpayer Identifier number in Manage Tax Registrations of Third-Party Tax Profiles and
Third-Party Site Tax Profiles. This information is validated for uniqueness, format, and check digit requirements.
VALIDATION PROCESSING AND RESULTS
The tax registration validation process verifies the tax registrations and tax payer IDs for Brazil based upon the validation
rule setup. The process can also be utilized to configure additional user-defined validations.
Users may configure a validation failure to end with a warning or error.
Warning: This option will perform all necessary validations and, in case of a failure, will store the entry and display
the associated error message.
Error: This option will perform the necessary validations and, in case of a failure, the record is not saved.
STEPS TO ENABLE
To enable the CNPJ feature for Legal Entities and Legal Reporting Units:
1. Navigate to Manage Legal Jurisdictions and create a Legal Jurisdiction with Territory as Brazil, Legal Entity
Registration Code as CNPJ and Legal Reporting Unit Registration Code as CNPJ.
2. Go to Manage Legal Entities and create the legal entity with Country as Brazil and the same Identifying Jurisdiction .
3. Based on the Legal Jurisdiction configuration, CNPJ at both Legal Entity and Legal Reporting Unit levels are enabled
as Legal Entity Registration and LRU Registration.
To enable IE and IM features for first party and third parties:
1. Both tax registrations are pre-defined as Tax Reporting Types for Brazil.
2. Navigate to Manage Tax Regimes, create a tax regime and assign to country Brazil. Use the same tax regime when
entering the IE and IM as Legal Reporting Unit, Third-party, and Third-party site tax registrations.
To enable CNPJ, CPF, and SUFRAMA features for third parties:
1. Those taxpayer IDs are pre-defined as Tax Reporting Types for Brazil.
2. Navigate to Manage Party Tax Profiles and make sure the country is Brazil for Third-Party and Third-Party Site Tax
Profiles. CNPJ, CPF, and SUFRAMA are enabled based on the country of Third-Party and Third-Party Site Tax
Profiles.
TRANSACTION TAX FOR BRAZIL
Oracle ERP Cloud offers comprehensive support for tax calculations and processing for Brazil.
Use the following enhanced features to ensure compliance with statutory regulations:
Value addition during tax calculation
Certain taxes in Brazil like ICMS-ST require estimation of the final price of the product in the hands of the end user,
for evaluating the tax amount on a transaction. This estimated final price is arrived at by applying a value addition
percentage, as notified by the tax authority, on the transaction amount.You can configure this setup through taxable
basis formula.
In the taxable basis formula, if the country associated with the tax regime is Brazil, then an option is enabled for
specifying value addition information. Different value addition percentages can be configured based on various
transaction parameters like:
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Ship from geography
Ship to geography
Product Fiscal Classification
Transaction Business Category
Intended Use
Priorities can be set for specifying the evaluation sequence of these transaction conditions.
Price thresholds during tax calculation
Certain taxes in Brazil require application of notified thresholds on prices of items quoted on a transaction. You can
configure this setup through taxable basis formula.
In the taxable basis formula, if the country associated with the tax regime is Brazil, then an option is enabled for
specifying price threshold information. It can be configured based on various transaction parameters like:
Ship from geography

Ship to geography
Product Fiscal Classification
Transaction Business Category
Intended Use
Priorities can be set for specifying the evaluation sequence of these transaction conditions.
Price threshold values can be defined on the basis of fixed price, or minimum or maximum threshold options. If the
fixed price option is set, then the specified price is used as item price for deriving the taxable basis amount for the
transaction line. If minimum or maximum thresholds option is used, then the item price is compared against the
given range of values and appropriate value is considered if it goes beyond the given range.
Charges during tax calculation
Certain taxes in Brazil require inclusion of charges while calculating the taxable basis value of a transaction line. You
can configure this setup through taxable basis formula.
If the taxable basis type within a taxable basis formula is specified as Line amount, then you have an option to add
freight, insurance, packing charges, miscellaneous, and subtract commercial discount on the transaction line value.
If a transaction line is categorized into any of the above charge types i.e. freight, insurance, miscellaneous, packing
charges, or commercial discount, and if the taxable basis formula of a tax is configured to consider these values
during tax calculation, then the corresponding allocated values from these lines (to the Item lines) are added
/subtracted while calculating the taxable basis value of that tax.
Fiscal Document Generation
Whenever goods are shipped to a customer, or services are provided in Brazil, they should be supported by a fiscal
document incorporating all the related information. The generated fiscal document is to be pre-authorized by the tax
authority, before it is sent to the customer through electronic mode (XML file) or as a physical copy. Fiscal
documents must include all applicable transaction taxes, correctly calculated based upon the requirements of the tax
authorities.
Fiscal documents can be generated from one of the following sources:
Receivables (invoices related to orders)

Shipping (for returns to vendors and internal material transfers)
The calculation of taxes on a generated fiscal document is standard with no changes for Brazil specific taxes.
For information on Fiscal Document Generation, refer to the Order to Cash for Brazil feature.
Fiscal Document Capture
Tax treatment on fiscal documents received from suppliers ensures that taxes included on the documents received
are retained as source of truth, but verified and reconciled to taxes calculated using the tax setup. When receiving a
fiscal document from a supplier, the required transaction and tax determinants are captured and maintained in order
to calculate the applicable taxes.
For fiscal document capture, taxes are calculated in the following steps:
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During XML import process
During fiscal document capture validation
Manually requested by user from the Fiscal Document page using the Calculate Tax option
To ensure the correct taxable basis:
Charges, such as freight, insurance, and packing, as well as commercial discounts, are allocated to the fiscal
document lines during the fiscal document capture process.
PO schedules with same price that are associated with a single fiscal document line will use a single PO price.
Manual override of the calculated tax amounts can be performed to ensure the amounts are correct.
To provide comparable values that can be used to verify the tax amount received on the fiscal document:
Both the calculated amounts and user updated amounts are stored and can be viewed for a fiscal document.
The taxes calculated by Tax, for which there is no corresponding tax on the imported fiscal document, are
added to the tax lines for the document and marked appropriately.
The taxes received on the imported fiscal documents, for which there is no corresponding tax calculated, can
be viewed on the document and marked appropriately.
During validation, a tolerance check is performed between the calculated and imported values and verified
against a configurable tolerance limit. If exceeded the fiscal document can be placed on hold.
FREIGHT FISCAL DOCUMENTS
Special processing is performed for freight fiscal documents. When a freight fiscal document is received and matched with
receipt lines associated with purchase orders, the details are sent to Payables during invoice creation. During the tax
calculation, taxes calculated on the fiscal document are pro-rated to each invoice line. This percentage also applies during
the process of filling for recoverable taxes.
RECOVERY PROCESSING OF PAYABLE INVOICES
When processing Payables invoices for tax recovery, taxes calculated on the source fiscal document are pro-rated to invoice
lines. If any of the taxes are for ICMS, PIS or COFINS on the freight fiscal document but not on the corresponding goods
fiscal document, the tax lines are marked for tax recovery calculation.
COMPLEMENTARY FISCAL DOCUMENT PROCESSING
Special processing is performed for managing complementary fiscal documents. A complementary fiscal document is
received from a supplier when there is a price, quantity or tax amount change to a previous fiscal document already
received. In case of quantity correction, taxes calculated on the original fiscal document are pro-rated to complementary
fiscal document line based on quantity corrected. In case of price or tax corrections, taxes from the complementary fiscal
document are updated on the original fiscal document as the basis for tax calculations, including new tax lines.
For information on Fiscal Document Capture, refer to the Procure to Pay for Brazil feature.
STEPS TO ENABLE
1. In the Financials offering, enable Brazil in the Regional Localizations offering option
Setup and Maintenance > Offerings > Financials > Change Configuration > Click Features > Enable Brazil
under Regional Localization
2. Create a Transaction Tax Regime and assign the Country as Brazil. The specific features for transaction taxes for
Brazil will be enabled in the Tax configuration.
WITHHOLDING TAX FOR BRAZIL
ERP Cloud offers comprehensive support for Brazil withholding taxes by handling tax thresholds, schedule
rates, supplier exemptions, and allowing withholding calculation at both invoicing and receipt time.
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The following withholding tax features can now be configured for Brazil:
Withholding amount deduction per dependent

This feature can be used for IRPF tax implementation which is an income tax for individuals and is withheld upon
payment. There are deductions allowed for suppliers by their number of dependents. Dependents can be
economically dependent persons, like children until 21 years old, or partners with no income.
Calculation of Withholding Tax on Transaction taxes
Withholding tax calculation can be on gross amount including transaction taxes, instead of being on the total item
lines amount.
This feature can be used for ISS tax calculation which is a municipal tax payable on services performed by
companies or individuals. ISS is an inclusive transaction tax but depending on the type of service, city where the
service was provided, city of the supplier, and supplier registration status, this tax can be withheld by customer.
The withholding solution is also extended to Receivables to comply with tax authority requirements for Fiscal Documents.
You are now able to:
Calculate withholding taxes on Receivables Invoices prior to generation of the Fiscal Document, as these taxes need
to be reported on the Fiscal Document that is generated and sent to the Tax Authority for approval.
Re-calculate the withholding taxes while the corresponding fiscal document is not yet sent to the Tax Authority or not
in correction mode.
Review the calculated withholding amounts on Receivables Transactions. Both invoicing-time and receipt-time
withholding calculation amounts are displayed.
Correct receipt-time withholding taxes in case of differences between the actual withholding tax amounts and
calculated taxes.
STEPS TO ENABLE
1. In the Financials offering, enable Brazil in the Regional Localizations offering option:
Setup and Maintenance > Offerings > Financials > Change Configuration > Click Features > Enable Brazil
under Regional Localization
2. Create the Withholding Tax Regime and assign the Country as Brazil. The specific features for withholding taxes for
Brazil will be enabled in the Tax configuration.
CONFIGURE DEDUCTION PER DEPENDENT FOR IRPF TAX
1. In Manage Withholding Taxes page under the Tax Deductions tab configure the Fixed Deduction per Dependent.
To make a withholding tax applicable on a specific transaction tax, use the following steps.
1. In Manage Tax Determining Factor Sets, configure a new Withholding Tax Determining Factor Set with following
details:
Determining Factor Class = ‘Tax Derived Factor’
Tax Class Qualifier = select the Transaction Tax Regime
Determining Factor Name = ‘Tax’
2. In Manage Tax Conditions Sets, configure a new Withholding Tax Condition Set using the Determining Factor Set
defined in the previous step:
Operator = ‘Equal To’
Value or Start from Range = select the transaction tax
3. In Manage Tax Rules, configure a new Withholding Tax Applicability Rule using the Withholding Tax Determining
Factor Set and Withholding Tax Condition Set defined in previous steps.
ENABLE WITHHOLDING TAX CALCULATION IN RECEIVABLES
1. When entering a Receivables invoice, select the Taxation Country as Brazil in the Miscellaneous tab of the Create
Transaction page. The withholding taxes will be calculated and displayed in the Tax popup page.
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CHILE
TRANSACTION TAX REPORTING FOR CHILE
Use the following transaction tax reports to comply with fiscal reporting requirements for Chile.
Purchasing Ledger Report for Chile
Sales Ledger Report for Chile
STEPS TO ENABLE
Assign the LAD Financial Reporting duty role to users to access these reports.
regulations change.
COLOMBIA
TRANSACTION TAX REPORTING FOR COLOMBIA
Use the following transaction tax reports to comply with the fiscal reporting requirements of Colombia:
Sales Fiscal Book Report for Colombia
Sales Income Tax Self Withholding Report for Colombia
STEPS TO ENABLE
Assign the LAD Financial Reporting duty role to users for access to these reports.
regulations change.
WITHHOLDING TAXES FOR COLOMBIA
To meet the statutory requirements for processing withholding taxes, the following withholding tax features
can now be configured for Colombia:
VAT Withholding (‘Retención de IVA’)
Income Withholding Tax (‘Retenciones de Ganancias’)
VAT Withholding tax is calculated only on VAT tax amount, not on the invoice line amount.
Thresholds and schedules can now be maintained and evaluated by product classification at a document or period level.
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STEPS TO ENABLE
To make a withholding tax applicable on a specific transaction tax, in Manage Tax Determining Factor Sets, configure new
Withholding Tax Determining Factor Set with the following details:
Determining Factor Class Tax Derived Factor
Tax Class Qualifier Select the Transaction Tax Regime
Determining Factor Name Tax
In Manage Tax Conditions Sets, configure the new Withholding Tax Condition Set using the Determining Factor Set defined
in previous step:
Operator Equal To
Value or Start from Range Select the transaction tax
In Manage Tax Rules, configure the new Withholding Tax Applicability Rule using the Withholding Tax Determining Factor
Set and Withholding Tax Condition Set defined in previous steps.
CONFIGURE THRESHOLDS BY SERVICE CLASSIFICATION
In Manage Withholding Taxes page under Thresholds Controls, you now have the option to configure the Classification Type
and Classification Code fields to evaluate a threshold by service classification.
If Service classifications are defined as Product Categories (non-inventory items), configure the thresholds by
Product Category. In this case:
Classification Type = Product Category
Classification Code displays Product Categories
If Service classifications have been defined as Product Fiscal Classifications (inventory items), configure the
Thresholds by Product Fiscal Classification. In this case:
Classification Type displays Product Fiscal Classification Type Codes
Classification Code displays Product Fiscal Classification Codes for the specified classification type.
CONFIGURE WITHHOLDING SCHEDULES BY SERVICE CLASSIFICATION
For each service classification or group of service classifications, configure a tax rate rule to identify the tax rate code and
thereby the tax rate schedule to be applied on a transaction line.
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FINANCIALS FOR ASIA/PACIFIC
Financials for Asia/Pacific supports country-specific features and functions for the Asia Pacific region. Oracle
Financials Cloud Release 13 includes new country-specific features for Japan and Korea.
JAPAN
ENHANCED DEPRECIATION METHODS FOR JAPAN TAX REFORMS
The 2007 Tax Reforms were published by the Ministry of Finance in Japan on 30 March 2007. The new
depreciation rules increase depreciation expenses by abolishing the salvage value and increasing the
depreciation limit on assets with the following new depreciation methods:
Flat-rate JP-STL XXYR
Flat-rate JP-DB XXYR
Formula-based JP-250DB XX
Formula-based JP-200DB XX
There is also a new depreciation method, JP-STL-EXTND, which extends depreciation for assets acquired before 1 April
2007.
The following screenshots illustrate the feature and its benefits.
Additional columns in Additions spreadsheet expedites Japan assets additions
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Additional columns in the Additions spreadsheet eases asset additions for Japan
Intelligent validations for the new methods on the Prepare Source Line page
STEPS TO ENABLE
No steps are necessary to enable this feature.

Review the Annual Depreciation Rounding option in the Manage Asset Books page for your Japan asset
books
KEY RESOURCES
FIXED ASSETS REPORTS FOR JAPAN
You can now use the following Assets tax reports for Japan to help you to comply with asset tax reporting:
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Assets Tax Summary Report for Japan
Japanese Detail by Asset Type for Japan (Asset Additions Report and All Assets Report). This report is available in
132- and 180-character formats.
Japanese Detail by Asset Type for Japan (Decrease Assets Report)
Single Process to submit the tax reports for Japan
STEPS TO ENABLE

Review the Annual Depreciation Rounding option in the Manage Asset Books page for your Japan asset
books
KEY RESOURCES
"WHAT IF ANALYSIS" IMPROVEMENTS FOR JAPAN TAX REFORMS
You can now run what-if depreciation analyses using any of the new depreciation methods described in the
2007 Tax Reforms for Japan.
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Project depreciation for JP-200DB XX or JP-250DB XX Japan methods and prepare for assets in Extended Depreciation in advance
STEPS TO ENABLE

Ensure that you define your depreciation calendar for as many fiscal years as possible.
KOREA
VAT PROCESSING AND REPORTING FOR KOREA
Comply with common business practices and tax reporting requirements in Korea using VAT reports,
including the management and reporting of tax exemptions.
Use the specific reporting extracts available in this release to address statutory VAT reporting required for Korea:
Tax Invoice Summary by Customer

Tax Invoice Summary by Supplier
Tax Summary by Customer Electronic Media Report
Tax Summary by Supplier Electronic Media Report
Exempt Tax Invoice by Supplier
Exempt Tax Invoice by Customer
VAT Tax Report (AR Tax Invoice/Tax Invoice for Output Transactions)
Use the following reports used for statutory and internal audit purposes:
Tax Invoice Summary by Customer

Tax Invoice Summary by Supplier
These reports provide output in paper format for summary of invoices by customers and suppliers. The report shows the
summary for electronic invoices and itemization of non-electronic invoices.
Reports for tracking Tax Exemptions:
Exempt Tax Invoice by Supplier

Exempt Tax Invoice by Customer
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These reports have the paper summary report of (zero-tax) invoice by customer and supplier. All the invoices with Zero Tax
(exempted) will be displayed. The reports provide a consolidated value of invoices for each supplier and customer.
Reports for Statutory Filing:
Tax Summary by Customer Electronic Media Report

Tax Summary by Supplier Electronic Media Report
For companies filing electronically, the Korea Tax Authority requires a plain text file providing the same detail information in
the Tax Invoice Summary by Customer and Tax Invoice Summary by Supplier reports. The non electronic invoices are
itemized (party-wise) in the report output, and consolidated data (with totals of invoice values of all such transactions) is
shown for electronic invoices. The details of industry classification and subclassification for the filing organization and
customer and supplier are also included in the plain text formats.
AR TAX INVOICE/TAX INVOICE FOR OUTPUT TRANSACTIONS
This report supports the summary billing requirement. Based on the business process, companies are required to print and
send an AR tax invoice to their customers for all output VAT transactions. When the customer has requested Summary
Billing, they can request for several Receivables invoices to be combined into a single AR Tax Invoice to be printed in the
specific invoice layout format. The report is used to generate the tax invoice for Summary Billing cases. This is done at the
end of the month. The summary of all supplies along with invoice value and tax value is listed.
Set the Reporting Level parameter to Summary. To reprint an AR Tax Invoice that has already been generated, enter the
Tax Invoice Number, and set the Reprint parameter flag to Y so that the exact information from the previous print will be
reproduced. Select N to indicate adjustments to the parameters.
SUPPORTED DATA ELEMENTS AND TRANSACTIONS
These reports support legacy data or external transactions, imported as tax journals or tax transactions from legacy systems.
The transactions imported via taxable transaction spreadsheets or the Tax Entry Repository Data Upload spreadsheet are
reported for these reports.
STEPS TO ENABLE
PRE-REQUISITE STEPS
To use VAT Tax reports for Korea, the following setup must be performed before configuring and implementing the new
reports.
Data Security
Geographies
Enterprise Structure
Ledger
Business Unit
Legal Entity
Legal Reporting Unit (LRU)
Common setups for Payables
Complete the Implementation Project for your organization before starting the specified setups. Also, ensure that the regime
to rate tax structure for VAT implementation is defined.
FEATURE SETUP
Industry Classification / Industry Sub Classification Setup
The industry classification setup must be done for Legal Reporting Units and Third Party (Supplier and Customers). Go to
the Navigator console > Setup and Maintenance > Manage Tax Reporting Types. There are seeded reporting types defined
for Korea. The following reporting types must be used to define possible industry classifications and subclassifications:
Industry Classification for Korea

Industry Sub-classification for Korea
There are also specifications about wholesale and retail liquor merchants. These are defined as the following reporting types:
Liquor Wholesale Merchant Code for Korea
93
Liquor Retail Merchant Code for Korea
Once the reporting codes are defined, these are assigned to Legal Reporting Units, suppliers and customers (third parties)
using the Manage Party Tax Profile task.
Global Descriptive Flexfields
The following global descriptive flexfields must be entered on entities for correct reporting content:
Manage Invoices :
Number of Invoices consolidated: Indicate the number of invoices consolidated into one Payable invoice.
Received by Electronic Media : Indicate that invoice is received via Electronic Media
Security Considerations
Perform the following steps to provide access to Korea VAT reports:
1. Sign in as IT_SECURITY_MANAGER
2. From the Navigator console, navigate to Tools then to Security Console.
3. The current duty role (APAC Financial Reporting) to run the Korea reports is an orphan duty role. You must inherit
the following APAC Financial Reporting duty roles to user associated role before running Korea reports:
ORA_JA_APAC_FINANCIAL_REPORTING_DUTY (user will have privilege to submit report jobs)
ORA_JA_APAC_FINANCIAL_REPORTING_DUTY_OBI (user will have privilege to run the reports)
KEY RESOURCES
Detailed Topical Essays are also available on cloud.oracle.com with detailed instructions on how to setup and use these
features.
WITHHOLDING TAX PROCESSING AND REPORTING FOR KOREA
Comply with tax requirements for Korea using enhancements to report withholding taxes on supplier invoices
and payments. You can now process the applicable withholding under the tax law in Korea. The reporting
content provides support for reporting extracts and tapes for applicable Korean withholding categories, that
is: General Withholding, Business Withholding, and surcharge reporting in the form of Resident Withholding.
GENERIC REPORTS
Withholding Tax List Summary: Prints details for each payment to suppliers, for which the withholding tax is
applicable. This report is not a statutory report from the tax authority, and is used for review and check purposes.
COMPLIANCE ENABLING REPORTS
Resident Business Income Withholding Form for Korea: Prints details of each payment to suppliers, which are under
the provision of Business Withholdings and contains all transactions whose Income Category is Business, and the
supplier is a resident. Business withholding is withholding on payments for professional services to suppliers such as
lawyers, accountants, and doctors.
Resident General Income Withholding Form for Korea: Prints details of each payment to resident suppliers, who are
under the provision of General Withholdings and contains all transactions whose Income Category is not Business
Income, and the supplier is a resident. General withholding is withholding on all other types of income payments to
suppliers, such as interest, dividends, and real estate income payments. Resident withholding is a surcharge on the
General and Business withholding tax.
Non-Resident General Income Withholding Form for Korea: Prints details of each payment to nonresident suppliers,
who are under the provision of General Withholdings, and contains all transactions whose Income Category is not
Business Income, and the supplier is not a resident.
TAPES FOR ELECTRONIC FILING
ERP Cloud also provides flat files (known as tapes in tax parlance for Korea), which refer to electronic storage of all
business withholding related information. It is an electronic file that a company sends to the tax authority.
All these forms have corresponding flat files, to be used for electronic filing.
Resident Business Income Withholding Tape for Korea
94
Resident General Income Withholding Tape for Korea
Non-Resident Business and General Income Withholding Tape for Korea
STEPS TO ENABLE
ASSUMPTIONS AND PRE-REQUISITES
To use VAT and Withholding Tax reports for Korea, the following setups must be performed before configuring and
implementing the new reports:
Data Security
Geographies
Enterprise Structure
Ledger
Business Unit
Legal Entity
Legal Reporting Unit (LRU)
Common setups for Payables
Complete the Implementation Project for your organization before starting the setups. Also, ensure that the regime to rate
tax structure for WHT implementation is defined.
FEATURE SETUP
Tax Reporting Type for Suppliers Classification
Go to the Navigator console > Setup and Maintenance > Manage Tax Reporting Type. The Tax Reporting Type is used to
link suppliers for the reporting filter. The following reporting types are defined for classifying suppliers as residents/non
residents for reporting purposes:
Foreign Corporation in Korea (classify nonresident companies)

Foreign Individual in Korea (classify nonresident individuals)
Resident Corporation in Korea (classify resident companies)
Resident Individual in Korea (classify resident individuals)
Tax Rounding
Go to the Navigator console > Setup and Maintenance > Manage Taxes. Define the Minimum Accountable Unit as 10 and
Rounding Rule as Down for all three withholding taxes to meet rounding requirements for Korea.
Income Categories and Sub-Categories
Go to the Navigator console > Setup and Maintenance > Manage Product-Based Fiscal Classifications. Search for Product
Category Fiscal Classification Codes > Search for Korea in the Country field.
The Product Category must be used to specify the Payables transaction as business withholding or general withholding. The
reports are based on these seeded fiscal classification product categories for reporting transactions under specified
reports.
Resident Withholding as Surcharge on Income and General Withholding
Go to the Navigator console > Setup and Maintenance > Manage Tax Formulas. Define tax formula for Resident tax, where
the taxable amount is tax amount from the prior tax paid.
Security Considerations
Perform the following steps to provide access to VAT and Withholding Tax reports for Korea.
1. Sign in as IT_SECURITY_MANAGER
2. Go to the Navigator console > Tools > Security Console.
3. The current duty role (APAC Financial Reporting) to run the Korea reports is an orphan duty role. You must inherit
the following APAC Financial Reporting duty roles to user associated roles:
ORA_JA_APAC_FINANCIAL_REPORTING_DUTY (privilege to submit report jobs)
ORA_JA_APAC_FINANCIAL_REPORTING_DUTY_OBI (privilege to run the reports)
95
KEY RESOURCES
Refer to the Topical Essays on cloud.oracle.com for detailed instructions on how to setup and use these features.
FINANCIALS FOR EMEA
Financials for EMEA supports country-specific features and functions for the Europe, Middle East and Africa
region. Oracle Financials Cloud Release 13 includes new country-specific features for France.
FRANCE
AUDIT FILE FOR FRANCE
The Audit Report for France process creates a file, required by French tax authorities, in the prescribed
format. In Release 13 the Audit Report for France is enhanced and now includes clearing account
reconciliation information.
Column 14 ‘EcritureLet’ and column 15 ‘DateLet’ of the Audit Report for France display reconciliation group and
reconciliation date respectively, for each of the reconciled clearing account journal lines. In case of unreconciled lines or if
the reconciliation feature was not used, then these columns do not display the above information.
STEPS TO ENABLE
KEY RESOURCES
Audit Report for France Topical Essay

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96
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TABLE OF CONTENTS

Date What's Changed Notes

27 JUN 2017 Asset Leases Updated screenshots.

21 APR 2017 Initial Document Creation

Action Required to Enable Feature

Common Technologies and User

Add Who Columns for Auditing

Enhanced Integration Between

ERP Object Attachment Service

Inbound and Outbound Data File

Automatically Derive Depreciation

Extended Cash Forecasts

Treasury Management Integration

Mobile Expenses Enhancements

Remittance Advice and Tokenization

Clearing Accounts Reconciliation

General Ledger Reporting

Journal Posting Improvements

Duplicate Invoice Check

Supplier Balance Aging Report

E-Mail Delivery of Statements

Usability Enhancements for Subledger

Tax Box Allocations

Regional and Country-Specific

Exchange Rate Difference Invoices

Financials for the Americas

Document Numbering for Argentina

Transaction Tax Reporting for

Withholding Taxes for Argentina

Accounting (SPED) for Brazil

Order to Cash for Brazil

Procure to Pay for Brazil

Taxpayer ID and Tax Registration

Transaction Tax for Brazil

Withholding Tax for Brazil

Withholding Taxes for Colombia

Financials for Asia/Pacific

Fixed Assets Reports for Japan

"What If Analysis" Improvements for

Audit File for France

COMMON TECHNOLOGIES AND USER EXPERIENCE

COMMON FINANCIALS FEATURES

ADD WHO COLUMNS FOR AUDITING

Budgetary Control Cash Management

Intercompany Subledger Accounting

Common Dimensions (Ledger, Ledger Set, Legal

No steps are required to enable this feature.

ENHANCED INTEGRATION BETWEEN FINANCIALS CLOUD AND EPM

No steps are required to enable this feature.

ERP OBJECT ATTACHMENT SERVICE

Oracle ERP Cloud Key

GENERATE ERP CLOUD PGP CERTIFICATE

For a PGP certificate, these values include:

An alias (name) and passphrase to identify the certificate uniquely

EXPORT CUSTOMER PGP PUBLIC KEY

Follow these steps to export the public key:

IMPORT CUSTOMER PGP PUBLIC KEY

On the Certificates page, select the Import button.

Advanced Collections provides a comprehensive solution to manage day-to-day collection

DISPLAY ON-ACCOUNT AND UNAPPLIED RECEIPTS IN THE TRANSACTIONS VIEW

No steps are required to enable this feature.

ALIAS SUPPORT FOR KEY FLEXFIELDS IN ASSETS

The following screenshot illustrates the feature and its benefits.