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Oracle EOracle E--Business SuiteBusiness Suite
-- Tax Reporting Ledger inTax Reporting Ledger in
11i.1011i.10Alex Fiteni CMAAlex Fiteni CMAFiteni International LLCFiteni International LLC
Managing Risk,Managing Risk,Leading ChangeLeading Change
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Fiteni International LLCFiteni International LLC Fiteni International LLC is a professionalFiteni International LLC is a professional
services practice focused on Oracle Eservices practice focused on Oracle E--Business Suite implementations,Business Suite implementations,compliance and process changecompliance and process changemanagement.management.
Alex Fiteni CMA, President, was mostAlex Fiteni CMA, President, was mostrecently a Director of Applicationsrecently a Director of ApplicationsDevelopment with Oracle GlobalDevelopment with Oracle GlobalFinancials. He provides projectFinancials. He provides project
management, financial and technicalmanagement, financial and technicalservices on ERP, financial and back officeservices on ERP, financial and back officesystems implementations.systems implementations.
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AgendaAgenda IntroductionIntroduction
OverviewOverview Defining a reportDefining a report
Content OverviewContent Overview
Running a ReportRunning a Report Other Tax reportsOther Tax reports Q&AQ&A
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IntroductionIntroduction Topic: An Overview of the Oracle Tax reportingTopic: An Overview of the Oracle Tax reporting
LedgerLedger The Oracle Tax Reporting Ledger is a comprehensiveThe Oracle Tax Reporting Ledger is a comprehensive
tool for reporting and extracting tax relevant data fromtool for reporting and extracting tax relevant data from
Oracle subOracle sub--ledgers and General Ledgerledgers and General Ledger
Audience:Audience: Accountants, Tax Analysts, Oracle Business AnalystsAccountants, Tax Analysts, Oracle Business Analysts
Objective:Objective:
Develop an understanding of the tax reporting ledgerDevelop an understanding of the tax reporting ledger
and gain proficiency in building reportsand gain proficiency in building reports
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OAUGOAUG eLearningeLearning Seminar goalsSeminar goals
Tax
The objectives of this OAUGThe objectives of this OAUG
eLearningeLearning seminar are to:seminar are to: develop a functional understanding ofdevelop a functional understanding of
the Tax Reporting Ledger (TRL)the Tax Reporting Ledger (TRL)
gain some knowledge and insight togain some knowledge and insight to
better support tax to ledgerbetter support tax to ledger
reconciliations, audits, and analysisreconciliations, audits, and analysis
create customized reports to met localcreate customized reports to met local
tax reporting needstax reporting needs
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VocabularyVocabulary RXiRXi Report Exchange an extract and reporting tool used to prepareReport Exchange an extract and reporting tool used to prepare
reports and output to Excel, and Text formats.reports and output to Excel, and Text formats.
TRLTRL Tax Reporting LedgerTax Reporting Ledger Sales TaxSales Tax Sales taxes are tax levies charged on applicable revenuesSales taxes are tax levies charged on applicable revenues
according to law; and reported and paid periodically to the releaccording to law; and reported and paid periodically to the relevant taxingvant taxing
jurisdictionjurisdiction
Use TaxUse Tax or consumption tax levied by local jurisdictions where goodsor consumption tax levied by local jurisdictions where goods
and services are delivered from outside the jurisdiction but conand services are delivered from outside the jurisdiction but consumedsumedlocally, and are often accrued and paid by the buyer rather thanlocally, and are often accrued and paid by the buyer rather than the seller.the seller.
VATVAT Value Added Tax imposed on the value of goods and servicesValue Added Tax imposed on the value of goods and services
(mostly European states use this type of taxation system)(mostly European states use this type of taxation system)
GSTGST Goods and Services TaxGoods and Services Tax used in Canada and Australiaused in Canada and Australia similar tosimilar to
VATVAT Consumption TaxConsumption Tax Japan levies a consumption tax on the value ofJapan levies a consumption tax on the value of
goodsgoods
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How Report Exchange (How Report Exchange (RXiRXi) works) works
Define/Modify
Attribute Set
Run TRL
Via
Report
Request
Review
Report
Output
for
correctness
eBS
Print & Purge
Extract
Output
Extract process
RXiAttribute
Sets
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RXiRXi and TRL Reportingand TRL Reporting RXiRXi--only: Financial Tax Registeronly: Financial Tax Register
Contains Attribute SetsContains Attribute Sets When invoked via a Report Request in the RequestWhen invoked via a Report Request in the Request
Center:Center:
An Attribute Set is used to extract data from GL, ARAn Attribute Set is used to extract data from GL, AR
and/or AP using the Financial Tax Registers to produceand/or AP using the Financial Tax Registers to produce An extract with all required data instantiated in anAn extract with all required data instantiated in an
interface tableinterface table
A printed or file based outputA printed or file based output
A process to purge the interface tableA process to purge the interface table
NOTE:NOTE: RXiRXi is not compatible with the XML Publisher as it does not produceis not compatible with the XML Publisher as it does not produce
a file in an XML output formata file in an XML output format
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TRL Reporting ScopeTRL Reporting Scope Set of Books levelSet of Books level
covers allcovers allsubordinatesubordinatetransactionstransactions
Legal entity is theLegal entity is thesum of allsum of allsubordinatesubordinateOperating UnitsOperating Units
Scope limited toScope limited totransaction withintransaction withina single org.a single org.
Set of Books
Legal entity
OperatingUnit
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Tax Reporting Ledger HierarchyTax Reporting Ledger Hierarchy Document #Document #
Party identificationParty identification Document valueDocument value
Line #Line #
Goods, ServicesGoods, Services Value, TaxValue, Tax
Tax Value byTax Value by
JurisdictionJurisdiction
Tax AccountsTax Accounts
Posting statusPosting status
Header
Level
Line Level
Tax Distribution Level
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DefiningDefining RXiRXi ReportsReports
Part 1Part 1
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Defining a TRL Report using theDefining a TRL Report using the
Report Exchange DesignerReport Exchange Designer
Steps:Steps:
Choose the Financial Tax registerChoose the Financial Tax register
DEFAULT layoutDEFAULT layout
Copy to and name a new Attribute SetCopy to and name a new Attribute Set
Modify the new Attribute Set to extractModify the new Attribute Set to extract
required datarequired data
Add Display, Count and Sum propertiesAdd Display, Count and Sum propertieswhere requiredwhere required
Save new Attribute SetSave new Attribute Set
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Attribute Set ModifiersAttribute Set Modifiers Modify PrintModify Print
HeadingHeading Add or dropAdd or drop
AttributesAttributes
Modify AttributeModify Attributedisplay formatdisplay format
Sum on AttributesSum on Attributes
Count on AttributesCount on Attributes
Group/Break onGroup/Break on
AttributesAttributes
Determines DisplayDetermines Display
CharacteristicsCharacteristics DeterminesDetermines
Content of ExtractContent of Extract
Determines howDetermines howdata is printeddata is printed
Level and type ofLevel and type of
summary datasummary data
Determines how toDetermines how to
print summariesprint summaries
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Defining the Report LayoutDefining the Report Layout Parameters can be printed on every pageParameters can be printed on every page
Use of Breaks are key to getting the rightUse of Breaks are key to getting the rightsummariessummaries
Sum, Count totals can be added onSum, Count totals can be added on
Attribute Breaks, Pages, Running Totals,Attribute Breaks, Pages, Running Totals,and at Report leveland at Report level
Format money and Dates are optionalFormat money and Dates are optional
DemoDemo....
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Defining a TRL ReportDefining a TRL Report
In Vision, Responsibility isIn Vision, Responsibility isRXiRXi
DesignerDesigner
Menu: Set UpMenu: Set Up RXiRXi
Available TRL Reports:Available TRL Reports: RXiRXi--only: Financial Tax Registeronly: Financial Tax Register
DEFAULTDEFAULT Tax RegisterTax Register
ATTRSET2ATTRSET2Tax Register with Tax RecoveryTax Register with Tax Recovery When running a Report RequestWhen running a Report Request
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Define Report HeadingsDefine Report Headings
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Define Date FormatDefine Date Format
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Managing Attribute SetsManaging Attribute Sets Always start with a core Attribute SetAlways start with a core Attribute Set
(DEFAULT)(DEFAULT) Rename the copy, then start makingRename the copy, then start making
changeschanges
Make sure that the templates areMake sure that the templates are
well testedwell tested
Use Applications Security features toUse Applications Security features tolimit access to sensitive informationlimit access to sensitive information
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Tax Reporting LedgerTax Reporting LedgerContentContent
Part 2Part 2
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Scope of Transaction ContentScope of Transaction Content General Ledger:General Ledger:
Manual Journal Entries (with Account Method VAT turned on)Manual Journal Entries (with Account Method VAT turned on)
Receivables:Receivables: Sales InvoicesSales Invoices
Credit, Debit MemosCredit, Debit Memos
Line, Tax, Invoice AdjustmentsLine, Tax, Invoice Adjustments
Cash Applications for Deferred TaxCash Applications for Deferred Tax
Earned, Unearned DiscountsEarned, Unearned Discounts Finance ChargesFinance Charges
Miscellaneous Cash ReceiptsMiscellaneous Cash Receipts
Payables:Payables: Invoices, Credit MemosInvoices, Credit Memos
PrepaymentsPrepayments Deferred VATDeferred VAT
Global DescriptiveGlobal Descriptive FlexfieldsFlexfields Not Included:Not Included:
DescriptiveDescriptive FlexfieldsFlexfields (columns are included but not populated)(columns are included but not populated)
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Header Level DataHeader Level Data Party Data ElementsParty Data Elements
Reporting EntityReporting Entity Partner EntitiesPartner Entities
Billing (Customer, Supplier)Billing (Customer, Supplier)
ShippingShipping
MerchantMerchant Tax IdentifiersTax Identifiers
Document Data ElementsDocument Data Elements
Document SequenceDocument Sequence
Transaction NumberTransaction Number FOB PointFOB Point
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Line (Shipment) DataLine (Shipment) Data Inventory ItemInventory Item
Gross TaxableGross TaxableAmountAmount
Unit QuantityUnit Quantity
UOM BaseUOM Base
ShipShip--To LocationTo Location
ShipShip--From LocationFrom Location
AP ProductAP Product
category or ARcategory or ARItem ClassificationItem Classification
Line AmountLine AmountTaxable basisTaxable basis
Line Amount byLine Amount byTax CodeTax Code
No Unit PriceNo Unit Price
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Tax Distribution DataTax Distribution Data GL Tax Liability AccountGL Tax Liability Account
Posted StatusPosted Status Tax CodeTax Code
Tax ClassTax Class
Taxable AmountTaxable Amount Entered, AccountedEntered, Accounted
Tax AmountTax Amount Entered, AccountedEntered, Accounted
RecoverableRecoverable
NonNon--recoverablerecoverable
Discounted AmountsDiscounted Amounts Entered, AccountedEntered, Accounted
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RunningRunning RxiRxi ReportsReports
Part 3Part 3
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Running anRunning an RXiRXi ReportReport
-- Report ParametersReport Parameters
Key Attributes and best practicesKey Attributes and best practices
Always enter a Transaction Date RangeAlways enter a Transaction Date Range
Always enter a GL Date RangeAlways enter a GL Date Range
Distribution based reportsDistribution based reports Use a GL Natural Account range for TaxUse a GL Natural Account range for TaxLiability AccountsLiability Accounts
Use a BSV Range for transactionUse a BSV Range for transactionaffecting a legal entityaffecting a legal entity
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Running anRunning an RXiRXi ReportReport
-- ExampleExample
Period: MayPeriod: May--0505
Transactions:Transactions: 1 transaction sale in1 transaction sale in VaVa StateState
Other Parameters:Other Parameters: GL PostedGL Posted NoNo
GL DatesGL Dates Required parametersRequired parameters
Transaction datesTransaction dates Ensure rangeEnsure rangecovers at least the GL Dates rangecovers at least the GL Dates range
DEMODEMO
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RXiRXi Exporting DataExporting Data RXiRXi reportsreports
Text (DEFAULT)Text (DEFAULT) CSVCSV
HTMLHTML
Tab DelimitedTab DelimitedXML is not available at this timeXML is not available at this time
NOTE: Report Request can export to a PDFNOTE: Report Request can export to a PDF
if requiredif required
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SeededSeeded RXiRXi Tax ReportsTax Reports ((RXiRXi) US Sales Tax Reports) US Sales Tax Reports -- Best for US sales and UseBest for US sales and Use
taxestaxes Allows DEFAULT Attribute Set onlyAllows DEFAULT Attribute Set only
RXiRXi: US Sales Tax Report: US Sales Tax Report -- HeaderHeader
RXiRXi: US Sales Tax Report: US Sales Tax Report -- LineLine
((RXiRXi) Financial Tax Register) Financial Tax Register -- best for VAT and Latin taxesbest for VAT and Latin taxes Allows variations of DEFAULT and ATTRSET2 templatesAllows variations of DEFAULT and ATTRSET2 templates
DEFAULTDEFAULT recoverable onlyrecoverable only
ATTRSET2ATTRSET2 recoverable and nonrecoverable and non--recoverablerecoverable
RXiRXi: Korean VAT Report Extract: Korean VAT Report Extract
RXiRXi: Korean Withholding Tax Report Extract: Korean Withholding Tax Report Extract
AP Withholding Tax ExtractAP Withholding Tax Extract
Czech Export tax reportCzech Export tax report RXiRXi--only: Thai Output Tax Summary Reportonly: Thai Output Tax Summary Report
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Other Tax ReportsOther Tax Reports Reports 9iReports 9i
Tax by Taxable AccountTax by Taxable Account -- best for Japanbest for Japan European** Tax RegisterEuropean** Tax Register -- best forbest forDeferred VATDeferred VAT Interim, Tax, NonInterim, Tax, Non--recoverablerecoverable
There are a variety of GlobalizationThere are a variety of Globalizationreports for country specific compliancereports for country specific compliance
needsneeds
Tax Set Up Verification ReportTax Set Up Verification Report used toused tocheck on whether set up is completecheck on whether set up is complete NOTE: ** for some European countries, use the reportsNOTE: ** for some European countries, use the reports
that are specifically created for themthat are specifically created for them
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Best practices & proceduresBest practices & procedures Avoid running extracts coincident with the periodAvoid running extracts coincident with the period
end procedures (e.g. weekly)end procedures (e.g. weekly)
Need to run theNeed to run the RXiRXi report periodically to reviewreport periodically to reviewnonnon--posted itemsposted items
Visual reconciliation should occur prior toVisual reconciliation should occur prior toperforming extract for each control accountperforming extract for each control account
Run extracts separately for GL, AP and AR toRun extracts separately for GL, AP and AR toensure performanceensure performance The extract job should be automated as much asThe extract job should be automated as much as
possible through CM and other processespossible through CM and other processes Use Event and Demand Alerts in ProductionUse Event and Demand Alerts in Production
instance to proinstance to pro--actively warn of issuesactively warn of issues Ensure that purge and clean up procedures keepEnsure that purge and clean up procedures keep
interface table clearinterface table clear
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Q & AQ & A Additional ReadingAdditional Reading
115artax.pdf115artax.pdf Chapter 9Chapter 9
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Contact InformationContact Information Alex Fiteni CMAAlex Fiteni CMA Cell: +1Cell: +1--650650--799799--59495949
Office: +1Office: +1--702702--990990--38693869 Fax: +1Fax: +1--603603--590590--25982598
[email protected]@fiteni.com
www.fiteni.comwww.fiteni.com
blog.fiteni.comblog.fiteni.com
Professional Services:Professional Services: Oracle EOracle E--Business SuiteBusiness Suite
GlobalizationGlobalization Statutory andStatutory and
Regulatory ComplianceRegulatory Compliance
Tax complianceTax compliance
Implementation,Implementation,Upgrade, OptimizationUpgrade, Optimization
Project ManagementProject Management
Software ProductSoftware ProductArchitectureArchitecture
Change ManagementChange Management Business Process ReBusiness Process Re--
EngineeringEngineering