Tuesday May 31, 2016

Webcast: Proactive Best Practices: Introducing the NEW Procure-to-Pay Analyzer

Webcast_icon.jpgProactive Best Practices: Introducing the NEW Procure-to-Pay Analyzer

Date: June 2, 2016 at 11:00 am ET, 8:00 am PT, 3:00 pm GMT, 8:30 pm, India Time (Mumbai)


This one-hour Procurement advisor webcast is recommended for technical users, functional users, system administrators, and others who would like to learn more about the all NEW Procure-to-pay analyzer. It is the first of its kind for Support. A flow based, self-service health-check script that reviews Procurement Process related data from the Purchase Order Requisition to Payment, and everything in between. Join us as we walk you through different use cases related to the Procurement process and how this Analyzer can resolve issues more quickly. With the benefit of multiple document checks, the new analyzer can detect problems and find solutions for a range of documents.

Topics will include:

  • Discover how the Analyzer can help you to identify common setup issues
  • Learn how to navigate the Data Output to more quickly troubleshoot unknowns
  • Identify problems in the process before they become costly errors
  • Understand Best practices and Recommendations presented

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Details & Registration

Friday May 27, 2016

Announcement: 12.2 RUP 8 Available Now!

We are pleased to announce that 12.2 HRMS RUP8 has been released and is generally available on My Oracle Support (MOS)!


This RUP level includes several new features - such as:

Global:

  • Manage Assignment Set using Web ADI

 US:

  •  Self Service State W-4
  • Bank Account Verification in Self Service HR
  • Validate Addresses Using Vertex Web Services
  • Calculate Advance Vacation Pay
  • Support All State Minimum Wage Rates
  • Generate Zero Net Payslip
  • Use Payroll Archiver for US Territories (Guam)
  • Control Number of Days for Prenote
  • Avoid a Potential Mismatch in B and K Record State and Federal Amount Totals
  • Process 1099-R Corrections
  • Archive Prorated Federal 1099-R Amounts Based on Each State
  • Report Employee Account Numbers in the PSD Periodic Wage Listing Report
  • Report Employer-Level Corrections in the Federal W2c Magnetic Media Output File

Canada:

  • Import File for Report on Hiring
  • Generate Amended Records of Employment (ROE)

Mexico:

  • Payroll Dashboard
  • QuickPay Archiver

 Please see the following My Oracle Support documents for more information:

  • Doc ID 2113297.1   Applying R12.HR_PF.C.Delta8 Release Update Pack
  • Doc ID 2113308.1   Oracle HRMS for Americas Release Notes, R12.HR_PF.C.Delta.8 Release Update Pack
  • Doc ID 2113305.1   Oracle Payroll Release Notes for R12.HR_PF.C.Delta8 Release Update Pack



*Please note that Release 12.2 HRMS RUP8 is a mandatory prerequisite for End of Year 2016 for Release 12.2 North American Payroll customers.


New ORAchk Version 12.1.0.2.7 Released

The new release: ORAchk 12.1.0.2.7 is now available to download. New Features in ORAchk 12.1.0.2.7:

Easier to Configure & Maintain Large Enterprise-Wide Collection Data

If you have a large number of systems, these can now be mapped quickly to business units in Collection Manager via an XML bulk upload. Additionally, you can selectively choose if details of new LDAP users are automatically captured on login.

Collection Manager upload configuration has been simplified to only require the database connection string & password. To configure many ORAchk instances:

  1. Create wallet once with: -setdbupload all then enter values when prompted
  2. Copy resulting wallet to each ORAchk location

If Collection Manager uploads fail for some reason, you can easily find out using -checkfaileduploads, then any failed uploads can be reattempted with -uploadfailed all.

Collections uploaded to Collection Manager are now purged every 3 months by default. The frequency of purging can be adjusted or disabled altogether as necessary.

Keep Track of Changes to the Attributes of Important Files

Track changes to the attributes of important files with -fileattr. This will take snapshots of specific directories, which measure the ownership and permissions on the directory and all contents. By default -fileattr will snapshot the Grid Infrastructure and Database homes. The list of directories to be tracked can be configured to your specific requirements.

Quickly Find Which Checks Require Privileged Users

The Health Check Catalog has a new filter for Privileged User, allowing you to quickly find Health Checks which need to be run by a specific privileged user, such as root.

Broader Stack Support

Health Check support has been broadened to include Linux Operating System Health Checks and Oracle Enterprise Manager Cloud Control 13.1.

New Checks

New Health Checks have been added across the stack, including checks for Oracle ZFS Storage, Linux, Oracle Solaris Cluster, Oracle Database & Grid Infrastructure, Oracle Enterprise Manager Cloud Control OMS & Repository.

To see new checks for specific systems review the ORAchk Health Check catalog.

For more details and to download the latest release of ORAchk see Document 1268927.2

Wednesday May 25, 2016

Legislative (South Africa): DATA CAPTURE CHANGES FOR BRS

ZA: TY2016/17 DATA CAPTURE CHANGES FOR BRS - PHASE I

SARS has introduced various amendments to the Business requirements Specification PAYE Employer Reconciliation (August 2016) Version 15.0.0 ( "BRS" ).  These amendments will be released in a two phased approach. 

 This is Phase 1 of the process and Phase 2 will contain the Reporting changes.The following two patches have been released to address these legislative changes and are available for download from My Oracle Support.

These patches do have a pre-requisite patch level and also a post install legislative update.  Please review the following readme for additional details on these, as well as detailed document that speaks to the Data Capture Phase for BRS Changes, see the following:



Tuesday May 24, 2016

ATTENTION: ACA PHASE III Patch

The Affordable Care Act Phase III patch for R12.1 has been released!

The functional readme for R12.1 is available on My Oracle Support (MOS):

  • Doc ID 2141642.1 - 2015 Employer Shared Responsibility Reporting Under the Affordable Care Act - Phase III Patch Functional Readme for Release 12.1 Customers

This patch includes a concurrent process to tag records that the IRS finds in error. 

The UI to then view the results is not available at this time.  It will included in the next consolidated patch (along with the correction process).  

In the meantime, Oracle has plans to generate / provide some queries that will download details on records in error into a spreadsheet (ETA unknown at this time).



 Oracle expects to release the R12.2 patch this week.   There are also plans to deliver this functionality for R11i , although we have no ETA at this time. 

India - Tax Applicability

Welcome to the 'Oracle Financials for India (OFI) - India Localization Blog'.

In our constant endeavor to serve the esteemed Customers in different possible ways and share various important product communication, updates and features on regular basis, we have initiated the Oracle Financials for India (OFI) Blog.

With this, I am highly delighted to inform you that you will be shared on regular basis with Key product updates, different offerings from a product functionality perspective and also various important patch updates for some of the business critical issues. 

The OFI blog builds on what I have learned over a period of time based on my product expertise & interactions with customers across different Industry verticals predominantly in terms of different business processes / operations critical issues, project milestones and post production support. 

As I detail in OFI Blog, what I publish in these blog posts represent my views. I encourage you to respond, add comments, make suggestions and even disagree - with one sincere request: please keep comments relevant to the conversations taking place, maintain respect for all those involved and contribute value and depth to the discussion.

We moderate comments and will quickly remove any that are offensive, disrespectful or irrelevant. 

One more request, please don't post private information in this public forum.

Thank you for reading, visiting and being part of this OFI Blog.

With this, will quickly move on to the first post 'India - Tax Applicability', which will help the users/audience understand the overall tax structure in India across different business scenarios.  

The intent is to help the users understand at a very high level, various tax implications in regards to the day to day business transactions thereby aiding the users come up with the hassle free business mapping rules and gap analysis as they further embark on India specific roll out or implementation of the Oracle Financials for India (OFI) product.

Scope

The main objective of this Blog is to provide a brief overview of the tax applicability across different business transaction flows in India.  

This content is intended to be supplementary in nature for knowledge & information purposes and does not in any way, purport to be a substitute for any official document existing or being drafted or currently published. Before initiating any purchase/sale transactions, the users should consult their respective tax/finance departments for any tax applicability details.

Overview

Businesses in India must pay to the supplier, the taxes related to central, state, and city tax authorities on most of the goods and services that they purchase. Also, Businesses collect from customers, the taxes related to central, state and city tax authorities on most of the goods and services that they sell.

Find below the quick snapshot of the Tax structure in India:

Following taxes are applicable for the business transactions in India based on the nature of transaction:

1. Income Tax:

Income Tax is the Tax levied on the income of the Individuals or other entities like Hindu Undivided Families or firms or any other trusts.

2. Capital Gains Tax:

Capital Gains Tax is a tax on Gains or Profits arising from transfer of a Capital Asset.

3. Securities Transaction Tax (SST:

SST is tax payables on the value of Securities.

4. Perquisite Tax:

Perquisites are the perks or benefits received by an individual in view of his employment/professional association with any Organization or company. Perquisite tax is the tax levied on these perquisites. This shall be paid by the employer who provides these benefits to the Employees.

5. Corporation Tax:

It is a tax levied on the net income of the Company. Companies which are registered in India under the Companies Act 1956 are liable to pay Corporate Tax.

6. Surcharge:

It is an additional tax levied on the total tax liability. The applicability depends on the total tax liability payable.

7. Tax Deducted At Source (TDS):

Tax Deducted at source is the amount withheld from payments of various kinds such as salary, contract payment, commission etc.

8. Tax Collected At Source (TCS):

Tax Collected at Source arises on the part of the seller of goods. Here, tax is collected at the source of income itself. It is to be collected at source from the buyer, by the seller at the point of sale.

  • Every person, being a seller, shall collect tax at source (TCS) from the buyer of goods specified in section 206 C (1)

9. Education Cess (EC):

Education Cess is an additional levy on the Basic tax liability. As the name suggests, this is a cess that is collected in order to enable the Govt. to run the education programs and any such scheme to improve the quality/standards of Education in India.

  • Levied from 2004
  • The Cess is levied in 2 parts:
    • Primary Education cess(EC) => 2% applicable on the total tax payable.
    • Secondary Higher Education Cess(SHC) => 1% applicable on the total tax payable.
  • Budget 2015-2016 proposed to increase the present rate of service tax plus (EC+SHC) from 12.36% to a consolidated 14%. With this, it got proposed that both the EC and SHC will get subsumed into the new tax rate in Service Tax Regime. This is applicable even for the EC and SHC of the Excise tax.

10. Secondary Higher Education Cess (SHEC):

SHEC is the additional levy imposed to create an expenditure pool for higher education improvement.

11. Customs Duty:

Customs Duty is the duty levied by Customs on imported goods and exports (in some cases). In addition, Additional customs duty would also be applicable in case of some transactions.

12. Central Excise Duty:

Central Excise duty is an indirect tax levied on goods manufactured in India. The manufacturer of final product shall be allowed to take credit of duty of excise paid on any input received in the factory.

13. Service Tax:

Service tax is an indirect tax levied on specified taxable services. The responsibility of payment of the tax is cast on the service provider. The credit of the Service Tax paid on the input services/Central Excise duties paid on inputs/capital goods/Additional Customs duty can be utilized towards payment of Service Tax by an assessee on their output services.

  • It is levied under Section 66B[1] of the Finance Act, 1994.
  • It is administered by the Central Excise & Service tax Commissionerates and the Service Tax Commissionerates working under the Central Board of Excise & Customs, Department of Revenue, Ministry of Finance, Government of India
  • Section 68(1)[2]confers liability to pay service tax on service provider

14. Swachh Bharath Cess (SBC):

It is a Cess which shall be levied and collected in accordance with the provisions of Chapter VI of the Finance Act, 2015 on all the taxable services at the rate of 0.5% of the value of taxable service.

  • Came into effect from Nov-2015(Ref: (notification No.21/2015-Service Tax, dated 6th November, 2015)
  • Effectively, the rate of SBC would be 0.5% and new rate of service tax plus SBC would be 14.5%. 
  • As such SBC translates into a tax of 50 paisa only on every one hundred rupees worth of taxable services. The proceeds from this cess will be exclusively used for Swachh Bharat initiatives

15. Krishi Kalyan Cess (KKC):

KKC is an additional levy imposed for the purpose of financing and promoting the Agriculture improvement initiatives and measures. 

  • This is a new Cess introduced from Budget 2016.
  • This would be levied @0.5% on the Taxable Service value.

16. Sales Tax:

Sales tax is levied on the sale of a commodity, which is produced or imported and sold. Sales Tax is a levy on purchase and sale of goods in India and is levied under the authority of both Central Legislation (Central Sales Tax) and State Governments Legislations (Sales Tax). 

The Government levies Sales Tax principally on intra-state sale of goods. States also levy tax on transactions which are "deemed sales" like works contracts and leases. In addition to Sales Tax, some states also levy additional tax, surcharge, turnover tax and the like. Ordinarily, Sales tax is recovered from the buyer as a part of consideration for sale of goods.

17. Value Added Tax (VAT):

Value Added Tax is a multi point sales tax with set off for tax paid on purchases. It is basically a tax on the value addition on the product. At present the set off would be available on the goods locally purchased within the State only. No set off would be available to the goods purchased in the course of inter state trade and commerce. VAT is a state subject.

18. Other Taxes (State Specific):

  • Professional Tax:

It is the tax on income of the individual. It is levied by the State Governments in India. The applicability tax amount varies from State to State.

  • Gift Tax:

Gift Tax is the tax imposed on the gift of property or any other such financial assets without receiving or expecting something of monetary gains or value in return.

  • Toll Tax:

It is a user fee collected from the people who use the road i.e the fee paid by the users for using the service offered.

  • Octroi:

Octroi is the duty levied on a certain goods entering a specific town /municipality or a City.

  • Works Contracts Tax (WCT):

Works contract tax (WCT) is a tax imposed on a contract for work, such as assembling, construction, building, altering, fabricating etc.

  • Purchase Tax:

Purchase Tax is the tax paid to the VAT department for the purchases made from an unregistered dealer.

  • Turnover Tax:

Turnover Tax is the tax levied on the Net value of the sales done by a Business Firm in any particular financial year.

  • It is not applicable as of now in India. 

  • Entertainment Tax: 

It is the tax levied on any financial transaction that is related to entertainment (e.g. Movie tickets, Amusement parks etc.)

  • Registration Tax:

It is the tax levied on any Registration of the documents (e.g. sale deed)  made under the provisions of the relevant Registration act of any State.

Disclaimer:

Author has compiled this information to the best of his knowledge based on his expertise and knowledge across different domains and also data collected from different sources(e.g. Govt.Tax sites like CBDT etc). Author shall not be held responsible for the data accuracy in this article. All the details of article are view of author and he is not responsible for any action taken by reader.

Friday May 20, 2016

HRMS Release Update Pack 9 for Release 12.1


[Read More]

Post An Idea And Get Your ERs Moving

There is now an available feature in the most recent upgrade to My Oracle Support Community that allows for the capture and display of Enhancement Requests (or Ideas) from within the existing product support communities. This provides a new way to capture ideas on how Oracle E-Business Suite Applications can be expanded or improved.

Previously you had to create a Service Request (SR) with the corresponding Product group for an ER. Now you can create your own Idea directly in the Product community. Then you and anyone in the Community can vote on and/or discuss your Idea.

How does it Benefit you?

· You will have a direct path for submitting your own ideas for Enhancements to the Oracle E-Business Suite Products.

· Can monitor the progress of the idea posted.

· Share workarounds or alternatives to the ideas.

· Can discuss and expand on your Idea in threads with other Communities.

· The ability to influence functionality and features you need in future releases.

How to Post an Idea?

  Navigate to Property Manager Community

You can create an Idea with any information that suits your business requirement. It is highly recommended that you post your idea as detailed as possible (with screen shots, video’s) so that the requirement is clear to other users as well.

The new Idea ability in Communities is the quickest way to get your ideas directly in front of Oracle Development. Top voted ideas float to the top and certainly draw more attention. This also helps us to track the features that are important to you.

For more information on ER's to Communities, refer (Doc ID 1584210.1).

Monday May 16, 2016

What are Service Request Data Collection (SRDC) Documents?

SRDC documents list the information and output needed by support to start analyzing an issue.  Review the steps in the data collection plan and upload the requested information when logging a Service Request to help support review your issue.

Bookmark this catalog and refer to it often.  Whenever a new or updated SRDC is published, the links will automatically be added or updated!

SRDC - Service Request Data Collection Catalog: All Products - Database - Exadata - EBS - Fusion - GBUs - JDE - Middleware - Peoplesoft - Siebel - Sun Systems (Doc ID 1987484.2)


Thursday May 12, 2016

Webcast: MSCA Application from an EAM User Point of View

Webcast_icon.jpgMSCA Application from an EAM User Point of View

Date: May 19, 2016 at 11:00 am ET, 8:00 am PT, 3:00 pm GMT, 8:30 pm, India Time (Mumbai)


This one-hour advisor webcast is recommended for technical users, functional users, and others who are working on Enterprise Asset Management(EAM) application and want to understand how the Mobile Supply Chain Application(MSCA) could assist in their EAM usage.

Topics will include:

  • EAM and MSCA connection
  • MSCA offerings for EAM and the needed setup
  • Transactions Examples

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Details & Registration

Tuesday May 10, 2016

Unplanned Depreciation versus Depreciation Override

Unplanned depreciation and depreciation override are ways of adjusting depreciation for an asset.

Unplanned depreciation is an amount charged over and above the system-calculated monthly depreciation for an asset.

Override replaces the depreciation charged for the month.  The amount may be used by either depreciation or adjustment.  The override amount is the total depreciation charged for the month.

The following table shows the pros and cons of both processes to adjust the depreciation calculated by the depreciation engine:

Comparison

Friday May 06, 2016

Looking for UK Legislative HRMS Pension auto enrollment/re-enrollment changes for 2016?


The EBS Release 12.1  pension auto enrollment/re-enrollment changes for 2016
has been released as legislative via My Oracle Support
for Bug 23098300 - Pension auto enrollment/re-enrollment changes 2016

Release 12.1: Patch 23098300:R12.PAY.B

Patch 23098300:R12.PAY.B is a consolidated patch.
The Patch for release 12.2 will be released next week.


Patch Readme (Doc ID 2072952.1) has important installation, setup instructions and guidelines.

Note:

This patch includes the already released TYE patch 22669294:R12.PAY.B as prerequisite.

Hence, if customers have already applied the TYE patch and run hrglobal.drv (post install for PER GB and PAY GB), then the users need not re-run hrglobal.drv again.

For whitepaper, please refer My Oracle Support Doc ID 1462764.1 - Oracle Payroll UK Localisation : (PAE) Pensions Automatic Enrollment & Re-Enrollment Whitepaper


If you encounter any issue with this patch, please raise a Service Request via My Oracle Support with Oracle Payroll Support

Thursday May 05, 2016

Attention Australian (AU) Legislative Payroll Clients, a Payment Summary Patch Has Been Released.

Customers who are using Australian (AU) Payroll and who have applied AU.23 patches for Year End processing must also apply the below patch on respective code lines:

Release 12.1 – Patch 23201428:R12.PER.B - Selected Payment Summary LOV lists multiple rows.
Release 12.2 – Patch 23201428:R12.PER.C - Selected Payment Summary LOV lists multiple rows.

The Issue Fixed:

Currently “Selected Payment Summary”  list of values (LOV) is retrieving multiple assignment records when entering assignment number in "Selected Payment Summary" field and search for the records in "Self Printed Payment Summary" page.

We have modified the LOV mapping property for "Selected Payment Summary" LOV in "Self Printed Payment Summary" page to retrieve single record based on the selected year.


If you encounter any issues with either of  these patches, please raise a Service Request via My Oracle Support with Oracle Payroll Support.





Webcast: Value Chain Planning Data Collection Partitions

Webcast_icon.jpgValue Chain Planning Data Collection Partitions

Date: May 12, 2016 at 11:00 am ET, 8:00 am PT, 3:00 pm GMT, 8:30 pm, India Time (Mumbai)


This one-hour advisor webcast is recommended for technical users, technical functional users, system administrators and Database Administrators who have a need to understand the partition implementation of Advanced Supply Chain Planning (ASCP) Data Collections.

Topics will include:

  • Partitions
  • Operational Data Store (ODS)
  • Planning Data Store (PDS)
  • What Went Wrong

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Details & Registration

Real Time Information changes: Consolidated patch: May 2016


Attention UK Payroll Legislative clients.

Our HCM payroll development team has released R12.1 Patch 23060964:R12.PAY.B RTI - Real Time Information changes: Consolidated patch: May 2016 via My Oracle Support.


R12.1 : Patch 23060964:R12.PAY.B

This is a consolidated patch addressing Real Time Information bug fixes.
The bugs fixed are listed in the readme (Doc ID 2133943.1 - RTI Consolidated Patch May 2016).

The patch Readme has important installation, setup instructions and guidelines.
The RTI Consolidated patch for release 12.2  (Patch 23060964:R12.PAY.C) will be released by shortly.

Note:
This patch includes TYE Patch 22669294:R12.PAY.B - TYE16: TAX YEAR END CHANGES : FINAL PATCH as pre-requisite. Hence, if customers have already applied the TYE patch and ran hrglobal.drv (post install for PER GB and PAY GB), then the users need not re-run hrglobal.drv again.

MOS Doc ID 1324671.1- EBS UK Payroll : Real Time Information (RTI) White Paper and Patch Information has been updated with the patch details.


If you encounter any issues with these patches, please raise a Service Request via My Oracle Support with Oracle Payroll Support.

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Welcome to the EBS Support Blog where Oracle insiders share news and information about EBS products including new releases, tips and tricks, troubleshooting guides, upcoming webcasts and links to EBS Communities.

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