Cash Basis VAT Accounting.

Hi,
Experts advises are needed immediately.
We have a scenario of Cash basis VAT Accounting means client would like to consider the VAT amount only after making payment by the customer. It means the scenario will be like below
1. Raise Invoice to the customer with Tax amount
2. Customer makes payment for the invoice
3. Once the invoice is cleared partly / fully then only consider the VAT amount related to that invoice to submit to the tax authorities.
When I have checked the scenario in the standard system, it works fine without any problem but I have considered the same scenario in ISU, it doesn't work fine. I have done all checking alike closing of reconciliation key and transfer to FIGL.
If anybody encountered the same scenario or anybody knows how to deal with this scenario, pls let me know immediately.
Thanks in advance for your help.
Regards,
Chandra

Hi CP;
What is your EBS version?
Please check below links which could be helpful for your issue:
Accounting Methods
http://download.oracle.com/docs/cd/A60725_05/html/comnls/us/ap/accting.htm
Posting When You Use Cash Basis Accounting
http://download.oracle.com/docs/cd/A60725_05/html/comnls/us/ap/create16.htm
Also check below googling:
http://www.google.com.tr/search?hl=tr&source=hp&q=Cash+basis+accounting+method%2Boracle&aq=f&aqi=&aql=&oq=&gs_rfai=
Regard
Helios

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Has any1 worked on Cash basis accounting method?
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CP

Hi CP;
What is your EBS version?
Please check below links which could be helpful for your issue:
Accounting Methods
http://download.oracle.com/docs/cd/A60725_05/html/comnls/us/ap/accting.htm
Posting When You Use Cash Basis Accounting
http://download.oracle.com/docs/cd/A60725_05/html/comnls/us/ap/create16.htm
Also check below googling:
http://www.google.com.tr/search?hl=tr&source=hp&q=Cash+basis+accounting+method%2Boracle&aq=f&aqi=&aql=&oq=&gs_rfai=
Regard
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