Accounting & Reconciliation
Discussion List
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Tax liability account and tax recoverable AccountSummary: Hi While defining tax , system is asking below accounts but i kind of fail to understand where exactly these accounts will be used? Tax Expense tax Liability Ta… -
How to enable the Calculate Accounted Amounts in Assets application?Summary: Hi Team, We have requirement to calculate the accounted amounts based on the Primary ledger entered amounts. Is there any option do we have to enable the "Calcu…
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Can we mass dispose assets?We are looking to dispose large number of asset. Is there a way we can do it without changing the condition one by one?
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FA to GL Reconciliation Report at Asset Category (Capital Asset Rollforward Report)Hi Team We are building a custom report to reconcile FA cost and Accumulated depreciation balances between FA and GL, at the Asset Category level.. We are facing few cha… -
Fixed Asset Incomplete Additions Tile - Last Updated FieldWe have a tax asset analyst who ONLY has access to the tax asset books. We have found that although she only has access to the tax asset book, her name is showing within…
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Mass Additions exceptions stopping FA period to be closedSummary: 7 Mass additions have failed to create assets with the error message: You must assign the balancing segment value to the ledger or use a balancing segment value… -
Unable to Modify Cost Clearing Combination in Tax Books Due to Missing Payables Cost SourceWe are unable to modify the cost clearing combination to differ from the default category in tax books due to the absence of a payables cost source. In the SLA, we adjus…
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FA tax book accountingSummary: Hello, We have two fa books : primary (corp book) and secondary book (tax book linked with primary book). Both FA books are assigned to same GL Ledger and accou…
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We have tried to Retire an asset which is sold to employee in Jan 2024.Summary: We have tried to Retire an asset which is sold to employee in Jan 2024. While we are trying the system is throwing the error based on CVR Rules. Profit on sale …
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Depreciation Accounting is created with Incorrect Combination and Tranferred to GL, how to rectifySummary: We ran Depreciation for the Migrated Assets and Submitted Create Accounting without Posting to GL. Upon validation found that SLA Config is wrong and Account co…
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How to change the depreciation expense account based on the Invoice or Payment?Summary: Upon asset creation, the Depreciation Expense account of an Asset is defaulted based on the account combination set up on the asset's category. We need that acc…Urvisha Ancharruz 183 views 5 comments 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets
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Need assistance in two features of cash management.Summary: Need assistance in two features of cash management. Are there any checks that system will perform to find out that there are no back dated transactions posted b…koyel 1 view 1 comment 0 points Most recent by Bianca Danila-Oracle Payables, Payments & Cash Management
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Manage Transaction Account Definitions- seeded showing incomplete.Summary: Manage Transaction Account Definitions- seeded asset depreciation expense account- showing incomplete. We have created new definitions for both ledgers & assign…
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How to derive Asset Cost from asset cost clearing by SLA ruleSummary: I´m trying to create a SLA rule to consider the same segment value from the Cost clearing class accounting. I didn´t find a source that match with my rule. I wo…Adriana Martins 54 views 1 comment 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets
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How to adjust the asset amount after the conversion rate has changedSummary: How to adjust the asset amount for the tax book linked to the secondary ledger after the conversion rate has changed, so that it is calculated with the new rate…
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What depreciation method to be used for Reducing Balance Method - Asset DepreciationSummary: Content (required): What method is to be used if the requirement of depreciation is reducing balance method? The depreciation calculation should be on the NBV. … -
Documentation on lease accounting as per IFRS for each Scenario and REST/SOAP Services for LeasesSummary: We are looking for complete documentation on lease accounting according to IFRS Standards for each Scenario. Also, the list of REST/SOAP Services that will help…
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Fixed Assets Reconciliation Reports in OracleSummary: Assets to GL reconciliation reports Content (please ensure you mask any confidential information): Hi everyone, I have a question regarding Fixed Assets reconci…
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Solution for Fixed Asset Rollforward (Asset and Tax Books)Summary: My Company has put a lot of effort and resources into developing a Fixed Asset rollforward in Oracle, which is a standard fixed assets report utilized across al…
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Custom SLA isn't working as expectedTo automate some entries, we have set up a Revenue book within the Fixed Asset module. We created SLAs to update the account in accordance with accounting entry criteria…
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When we perform an impairment, how record the difference in another account and not in depreciation?Summary: Content (please ensure you mask any confidential information): When we impair an asset, its monthly depreciation decreases. I would like to know if it is possib…
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can't delete asset or post itthis error showed and i can't post asset or delete it A row from the FA_CATEGORIES table for category ID couldn't be retrieved. and when i click on prepare all the excel…
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How to derive Asset Cost Clearing Account based on SLA?Summary: How to derive Asset Cost Clearing Account based on SLA? Scenario: Cost Clearing Account for a specific category should derive from the SLA and for another asset…
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Why do we need to populate Amortize Flag and Amortization Start Date for converted assets?Summary: Why do we need to populate Amortize Flag and Amortization Start Date for converted assets? Content (please ensure you mask any confidential information): For co…Aswathy Edison-Oracle 21 views 4 comments 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets
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Is it a good approach to use 'Allow Ledger Posting' flag (unchecked) on Corporate BookSummary: Is it a good approach to use 'Allow Ledger Posting' flag (unchecked) on Corporate Book to restrict FA accounting entries flowing into GL and turn it back ON onc…
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Look for best practice to default department value for FA proceeds of saleSummary: We need to default department value for FA proceeds of sale to avoid manual work. Content (please ensure you mask any confidential information): Currently Proce…Sharon Li 31 views 7 comments 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets -
How to derive the Cost Center of CIP Addition's Cost from the Cost Clearing's Cost Center using SLA?Summary: Hi, Is it possible to derive the Cost Center of a CIP Addition's CIP Cost journal line from it's Cost Clearing journal line's Cost Center, which was sourced fro… -
Notes at Supplier LevelHello, Is there a way to add notes at the Suppliers Level which can be visible at the Invoice level when new invoices are created? Thanks
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How to sweep posted Journal Entries from close to open periodHello, Is there a way to sweep the posted journal entries from close to open period? Any help will be greatly appriciated. Thanks
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Reversal of a journal batch for source AssetsHello, Considering there is no standard FA-GL reconciliation report, we have developed a custom report to calculate the FA SLA balances for the source Assets where the d…Rajesh Mukhi 11 views 1 comment 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets