Tax Book
Discussion List
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Asset Transferred between Fixed Assets Books are not reflecting in Tax BooksSummary: Assets Transferred from One CORP Book to another CORP Book in Fixed Assets module and submitted Periodic Mass Copy in Source Book and Destination Books, where w… -
How does Oracle incorporate annual tax updates, such as the Tax Cuts and Jobs Act?How does Oracle manage annual tax updates, such as those from the Tax Cuts and Jobs Act? These updates typically encompass changes to tax rates, regulations, and calcula…
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Need to Change an Tax Asset from CIP to CapitalizedNeed to Change an Tax Asset from CIP to Capitalized so Populated the FixedAssetMassadjustmentImportTemplate but got the following error This transaction isn't allowed be…
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How to make Asset cost equals to NBV and Depreciation reserve zeroSummary: Our Corporate Books are in USD and Tax books are in INR. We have requirement for Tax books that all active asset cost should become equal to NBV and Depreciatio…
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YTD Depreciation and Depreciation Reserve Balances are same for Asset Migrated in TAX BookSummary: We had migrated the Assets into Corporate Book and then use the "Copy from Corporate" Functionality in TAX Book to Import Assets into TAX Book. However, this ha…
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MACRS 100B HY doesnot depreciate when assets is retiredSummary: MACRS 100B HY doesnot depreciate when assets is retired eg, the asset is capitalized on 1 jan 25 for 100 $ and is copied to tax book. on 2 Jan 2025 the asset is…Krishna Sharma 2 views 1 comment 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets
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Copy to TAX book in later periodSummary: Due to additions in corporate book after periodic mass copy to tax book, these additions from sep-25 have not been copied to tax book. We are now in open period…Guy Van Nuffel 21 views 1 comment 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets -
💡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 adjustment approvalSummary: Hi all I have setup asset adjustment approval workflow rules for corporate and tax book and enabled approvals in both corporate and tax books. When i do a cost/…
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Bonus DepreciationSummary: Oracle Assets' seeded bonus methods take the full bonus amount in the fiscal year the asset is placed in service. They do not take the entire amount in first pe…NiranjanPuvvada 21 views 3 comments 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets
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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 …
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I can't find the asset book during the process: Post Mass AdditionsHello, I ran the process: "Transfer Receipts to Mass Additions" and it ended in success. I am trying to schedule the process "Post Mass additions" but yet I am not able … -
Need to know how to upload depreciation methods for MACRS 100B HSummary: Hi Team, we noticied that in Oracle fusion only few depreciation methods with the years are defined for MACRS 100B H(MACRS: Half-Year Convention - 100% Bonus), …Kishore Venugopal 21 views 1 comment 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets
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Asset Book Transfer missing in Mass CopyIt is good news that Asset Book Transfers to another book is now available in 25B / 25C. Unfortunately, the current feature does not include Asset Book Transfer in Mass …
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Asset Additions for a past in service date - Oracle Fusion CloudSummary: Is it possible to add assets (not update/transfer/retire) as they haven't even been added yet) for a previous fiscal year and have the depreciation set for that…
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Table-Based Depreciation Method Not Enforcing 20% Annual Cap with Custom Fiscal Year LogicSummary: Table-Based Depreciation Method Not Enforcing 20% Annual Cap with Custom Fiscal Year Logic Content (please ensure you mask any confidential information): We hav…
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cannot view a tax book when trying to copy from corporate bookWe are adding a new tax book for India which is pointing to a reporting ledger. We also have a new calendar on the new book. After we ran depreciation on the corporate b…
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Create a Tax Asset Book linked to a ALC Ledger in EUR when Primary Ledger and Cor Aset book is USD.My customer has the need to account Assets in exact EUR amounts for Corporate reporting needs. As Asset values are very high 200t EUR conversion is not accaptable. Based…
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Accumulated Depreciation not getting copied in Mass Copy in Tax Book (secondary book)Summary: Accumulated Depreciation not getting copied in Mass Copy in Tax Book (secondary book) Content (please ensure you mask any confidential information): We loaded f…
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Depreciation Treatment for Cost Adjustments in Tax BookHi Experts, We maintain both Corporate and Tax books, with the Tax book following the Next Month depreciation convention. When we perform a cost adjustment in the Corpor… -
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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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 21 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 11 views 1 comment 0 points Most recent by Louise Gareau - Support - Oracle-Oracle Assets