Tax Book
Discussion List
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Lease asset - Unable to process the purchase optionSummary: Currently, in the tax book, it is not possible to exercise the purchase option on a lease asset once its term has ended. According to the standard process, the … -
Oracle Fixed Assets Tax BookSummary: Oracle Fusion Fixed Assets Tax Book Content (please ensure you mask any confidential information): Hello Team - We are going to implement the TAX book in Fusion…
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💡How to transfer an asset from a book to another book?Summary: This feature enables you to seamlessly transfer a fixed asset from one entity, location, or employee to another, across different asset books. Solution: Please … -
Asset revaluationSummary: Hi Team Is it a intended functionality that mass copy will not copy the revalued cost from Corporate book to tax book? Do we have to revalue it both in Corporat…
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How to have 80% of Bonus in the first PERIOD (and not FISCAL YEAR) for an Asset?Summary: Hello friends! The goal is to have 80% of bonus when the asset is added in a specific period and the other 20% to follow the depreciation method associated to t…
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Is there a way to split assets in Tax Books that are copied from Corporate Books.I would like to know if there is a way to split assets in the Tax Books that are created in Corporate Books and copied over to Tax Books. We would need all the split ass…SVA Gopi Krishna Kolluri 22 views 1 comment 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets
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Tax Book - Mass Copy querySummary: Asset Tax Book Copy requirement Content (please ensure you mask any confidential information) Hello - we have recently in August gone live. As part of Data Migr…User_TYMZM 10 views 1 comment 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets
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Can we stop initial mass copy to tax booksHi all, we have migrated the assets as on Jan-24. We haven't copied anything to tax book yet. Now, we don't want to copy the migrated assets to tax book, we want to copy…
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How to configure Statutory Asset Book in Oracle Fusion?I want to create a statutory asset book which will be linked to secondary ledger and currency of secondary ledger is not same as primary ledger. If I want to enable allo…
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Does Mass copy also copy assets from Corp to Tax Book even if the Corp Book period is closed ?Summary: Hi All, So we our corp book period on monthly basis i.e. april, may, june etc (Total-12 periods) and our tax book period on annual basis Apr-March (1 Period) an…
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Is There a Template Available for Bulk Assignment of Asset Books to Asset Categories in OracleFusionHello Community, We are currently in the process of assigning asset books to asset categories in Oracle Fusion. While the manual process is straightforward, we are looki…sailesh_cloudare 46 views 3 comments 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets -
Need the Deferred Depreciation Expense calculation to be (Corp book-Tax book) * 22.5%The corp book used depreciation method STL, and the tax book use declining method. The deferred depreciation expense calculation is (Corp book-Tax book), but according t…
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What will impact if fiscal year in tax book with SL is different from corp BookSummary: Corporate Book has Fiscal Year from Apr-Mar. Tax book with Secondary Ledger has Fiscal Year from Jan-Dec. What will be impact if we use different fiscal year in… -
Adjusting asset depreciation in prior periods/year in tax books.Need to understand the process of adjusting asset depreciation in prior periods/year in tax books. I tried checking oracle documents but couldn't find enough information…SVA Gopi Krishna Kolluri 26 views 1 comment 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets
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How System Calculate Depreciation for MACRS 80B HY Depreciation Method in Oracle CloudSummary: How does the system calculate depreciation using the MACRS 80B HY method when the asset is placed in service on November 1, 2024, and an 80% bonus depreciation …Basant Parihar 12 views 5 comments 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets
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Does the oracle supports the Asset depreciation calculation based on Original cost as well?Hi Team, Business has a requirement to have the Depreciation calculated based on Current Cost as well as Original Cost so as to show them as comparison in their Annual R…
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Need setup document for depreciation methods in Tax books for Czech Republic.Summary: We are implementing FA module for Czech Republic region. We need information to setup Linear depreciation method and Accelerated depreciation method specific fo…
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How to relink CORP book and tax booksSummary: Is it possible to re-establish the link between CORP and tax books post it is broken. The user adjusted the cost in the tax book directly and reverted the chang…Shrikant Jain 13 views 5 comments 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets
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Initial / Periodic Mass Copy QuerySummary: Hi, I did below mentioned steps for testing purpose only. The open period was Apr-25 for corp and tax books. I am sorry if I am asking fundamental questions her…
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Brazilian Tax Reform - Oracle Cloud ImpactsSummary: Brazilian Tax Reform - Oracle Cloud Impacts Content (please ensure you mask any confidential information): Brazil is implementing a huge tax reform over consump…
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We attempted to override the Bonus Depreciation for an asset using the Table method, >>>>Summary: We attempted to override the Bonus Depreciation for an asset using the Table method, but the adjustment resulted in the Net Book Value (NBV) being reduced to ze…
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Accounting Journal Entries Generated When Doing A Revaluation In Fixed Assets ?Summary Accounting Journal Entries Generated When Doing A Revaluation In Fixed Assets ?Content Hello I have read the following note : How Are The Accounting Journal Entr…
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FA Migration Best PracticeWe plan to close books in source by Aug-25 period. GL balances to be loaded from Jan-Aug 2025. If my understanding is not correct for below options, please let me know f…
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Exchange rate not derived from the Asset FBDI templateSummary: Referring to the Doc id:2739930.1 , we tried to load the asset directly in the tax book, which is associated to the secondary ledger, the currency of secondary …
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FA Data transfer and depreciation alignment across different fiscal calendarsWe need to transfer FA data using Initial and Periodic Mass Copy from the Corporate Book (Fiscal Year: Jan-Dec, Depreciation Calendar: Jan-Dec) and the Primary Ledger (G…Anusha Naik 3 views 1 comment 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets
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Alternative depreciation SystemHi Team, Kindly assist us on below mentioned requirement, we would your assistance to how to define a custom Depreciation Method based on our requirement We have a new r…
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Accumulated Depreciation booked for manual assets when its copied to Local bookSummary: The user is loading Assets into CORP Asset book with values in Depreciation reserve populated. Upon successful creation the accounting for event addition create…
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Error: You can't adjust the asset because it wasn't added to this tax bookSummary: The periodic mass copy ends in error with "You can't adjust the asset because it wasn't added to this tax book". But the assets mentioned in the log and output …
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create mass additions for tax booksHi, Is there any possibility to transfer the AP invoice directly into the tax book from the Create Mass Addition program? The client wants to add assets directly to the …
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Feature/Report how To Determine if the Mid-Quarter (MACRS MQ) Convention applies to assets.Summary: Depreciation for Federal Income Tax purposes in the U.S. requires that corporations determine the percentage of their assets that were acquired in the last quar…