You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

No functionality to prevent Fixed Asset Subledger and GL from getting out of sync

Received Response
edited Jan 30, 2019 4:29PM in Assets 1 comment


Oracle hasn't built the Fixed Assets sub-ledger similarly to AP and AR - you can't close AP unless accounting is created or, unaccounted is swept. But FA can be closed without any protection


Surprised to find this response from Oracle:

"You can close an FA period without having run Create Accounting to generate and transfer the accounting entries to GL for the period in question. This is the intended functionality. While Fixed Assets may be considered a subledger, it cannot be compared to other subledgers such as Payables or Receivables. Thanks,
Louise Gareau
F.A.S.T. Team"

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!