Calculate
VAT on Freight
Setup steps are as follows : 1. Setup an inventory item called Freight.
Put a valid UOM, Tax Code, and Pick User Item Type as 'Freight'
By defining Freight Charges as an inventory item enables the AutoAccounting to treat this item as a Freight item and use freight Account rather than Revenue Account for the Freight Charges. If you are not implementing Oracle Order Entry than you can always pick this new item as a line and Oracle Receivables will calculate the Tax on this freight item as it does for any other item. 2. If you are implementing Oracle Order
Entry then set the following profile options
b) Tax: Inventory Item as Freight to the item you have defined for Freight Charges.
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