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Asset prorate convention in Oracle cloud

edited May 17, 2024 4:21PM in Assets 1 comment

Summary:

Switching of prorate conventions.

Content (please ensure you mask any confidential information)

Our client have two books :-

Book | Fiscal Year | Depreciation Calendar | Prorate Calendar
AAA | Jan-Dec | 12 Period - Month wise | Month wise
ZZZ | Jan-Dec | 12 Period - Month wise | Mid-Month

Client requirement - Add an asset in 'AAA' book and while adding, select 'Mid month' prorate convention. It is taking right mid month prorate date but depreciation is not calculating right, it is calculating for whole month for the first period, not for half month.


Please can you suggest how we can we get half month depreciation in first period of asset for 'AAA' Book without changing assigned prorate convention to the book.?

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