Register today for Oracle CloudWorld. October 17th - 20th, Las Vegas

Register now

Hillel Cooperman, Senior VP of User Experience Design, has a message for you on Oracle CloudWorld

Watch now
Assets Clearing Account to trasfer from AP to FA — Cloud Customer Connect
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

Assets Clearing Account to trasfer from AP to FA

Received Response
41
Views
6
Comments
edited Apr 17, 2020 4:29PM in Assets 6 comments

Summary

Assets Clearing Account to trasfer from AP to FA

Content

Hello :

As far as I know this is the accounting to transfer assets from AP to FA

AP Invoice

Debit Asset Clearing

Credit Liability

Mass Additions Program

Debit Cost 

Credit Asset Clearing

-----------------------------------------------------------------------------

Now if I have a 3 way match 

Receipt

Debit Asset Clearing

Credit Accrual

Invoice

Debit Accrual

Credit Liability

Mass Additions

Debit Cost

Credit Asset Clearing

 

 

 

 

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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