Tax Book
Discussion List
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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… -
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…
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Need to add assets in the USD Corporate book with the NON-STAT categoryWe are trying to Add assets in the USD Corporate book with the NON-STAT category, after adding asset we are doing reclassification and the category has been changed to t…
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Functionality to filter out only specific Assets based on the B/S values using Periodic mass copySummary: Tax book : Functionality to filter out only specific Assets based on the B/S values using Periodic mass copy Content (required): We have 52 Legal Entities and 5…
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Mass Copy process running in errorSummary: Mass Copy process running in error due to asset transactions in closed period Content (required): Mass copy process is running in error. System has FA period of…
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Can we copy assets to tax book based on entity valuesSummary: Requirement to do periodic copy of only insurance related entities Assets to Tax (STATUTORY) asset book. Content (required): We have a requirement to do periodi…
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How to stop gain/loss calculations at retirement, by category?Summary: Within our tax books we flag certain asset categories as Not Depreciable; therefore when they are disposed, the full acquisition value of these assets is shown …
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Unable to extract information of asset distribution for Tax BookSummary: Unable to extract information of asset distribution for Tax Book Content (required): Hi, As part of data migration, we are trying to extract asset data for Corp…
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Tax Book having a different currency than Primary LedgerSummary: Tax Book is assigned to Secondary Ledger for which Currency is MYR , whereas the Primary Ledger currency is USD. Not able to Add assets directly in Tax Book eit…
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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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Mass Unplanned DepreciationSummary Mass Unplanned DepreciationContent Hi All, I have a bunch of assets on the secondary books that need depreciation adjusted by a few pennies in order to align to …
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Unit Adjustment is not copied to Tax BookSummary:Mass Copy ends in error with the below details for unit adjustment Content (required):The transaction units entered are invalid. The Mass Copy process couldn't b…
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Asset NumberingWhat is the difference between automatic and Manual asset numbering? what are the limits of asset numbering? -
Periodic Mass Copy Not Populating Period for Corporate BookSummary: Does Initial Mass copy have to be run every month? Content (required): This is our second month of having tax books set up. We started them in August, ran initi…
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Does periodic mass copy to tax books copy transfers to different locations?Summary: Does mass copy include asset transfers? Content (required): We have closed an office, and transferred all assets to a different location/assignment. Will this t…
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Can we do initial mass copy to Tax book in the second month after conversion?Summary: Can we do initial mass copy to Tax book in the second month after conversion without copying to tax book in the first month and closing the first tax book perio… -
you can't enter amortized adjustments for this bookSummary: Content (required): Hi, i created the assets and uploaded them to the system correctly. When I then try to post them, the assets will go into "Exceptions", with…
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Can we do initial mass copy to Tax book in the second month after conversion?Summary: Can we do initial mass copy to Tax book in the second month after conversion without copying to tax book in the first month and closing the first tax book perio…
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Is the India Localization Functionality Available in Fusion Assets?Summary: Is the India Localization Functionality Available in Fusion Assets? Content (required): Hi, As per the Support Document reference : Is the India Localization Fu…
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Japan Asset Book Regional Information and Tax Authority DetailsSummary: While configuring Japan Asset Book, I can see that there is Regional Information tab. Q1- Are we suppose to enter this detail in CORP Book or Tax Book? Also I w…
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How to calculate depreciation as per Diminishing value method in Australia for Tax Asset BookSummary: How to calculate depreciation as per diminishing value method in Australia for Tax Asset Book Content (required): As per straight line - If Asset cost is $80000…
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Mapping for Oracle-seeded depreciation methods with MA100/150/200, MF100/150/200 from Sage?Summary: Do we have Oracle seeded depreciation methods defined for Sage depreciation methods MA100/150/200, MF100/150/200? Content (required): Our client was using Sage …
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Not able to copy corporate book to associated tax bookSummary: I have a corporate asset book and a tax asset book. Both use the calendar. However when I want to copy the assets from the corporate asset book to the tax asset…
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Can you close the Corp book but not the Tax bookSummary: Can you close the Corp book but not the Tax book and continue to deal with issues within the Tax book Content (required): We are having some issues in our tax b…
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Can Calculate Deferred Depreciation be run multiple times for a given period?Summary: Can Calculate Deferred Depreciation be run multiple times for a given period? Content (required): We are migrating data and need to run the Calculate Deferred D… -
Depreciation Account is defaulting value from the Asset BookSummary Depreciation Account is defaulting value from the Asset BookContent We have 2 business unit (BU1 and BU2) and one corporate asset (BU1) book. We we are procuring… -
Corp book and Tax BookHi Experts, Can a Single Tax book be associated with Multiple Corp book ? Can we create one Corp book with multiple BSV ? Oracle Cloud Application 21D (11.13.21.10.0)
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WHY DOESN'T THE GL RECORD ITS ENTRIES IN LINE WITH THE AMORTIZATION SCHEDULE?Summary: Content (required): See attachment Version (include the version you are using, if applicable): Oracle Cloud Code Snippet (add any code snippets that support you…
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Not showing periods in the Copy from Corporate button in Tax BooksSummary: Not showing periods in the Copy from Corporate button in Tax Books. Pls suggest is this bug in the system or am i missing any setup. I see all the setups looks …
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Depreciation Ceiling to be assigned to the individual assetsSummary Can we assign Depreciation ceiling to the individual asset. I understand we can assign at the category level. But is there any way in fusion assets that we can a…