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8 Replies Latest reply: Sep 19, 2013 4:59 AM by User315731 RSS

Purchasing fixed asset

user587041 Newbie
Currently Being Moderated

Hi,

 

I need to know how do we integrate fixed assets with purchasing in Oracle EBS Purchasing 12.1.3

 

My client requires to purchase fixed assets defined in Oracle FA through purchase order in oracle purchasing.

 

How do we achieve this ?

 

Your help is highly appreciated.

 

Kind regards

 

Muhammad Nouman Shaikh

Oracle EBS consultant

KSA

  • 1. Re: Purchasing fixed asset
    User315731 Pro
    Currently Being Moderated

    Hi Muhammed,

    In the Item Mater, Purchasing TAB..make sure you input the "Asset Category".

     

    Define Asset Category for each capital item and assign the Asset or CIP Clearing account as the Expense Account.

    This way you can make a PO for the asset item.

    Even for the combination of category and item qty, you can do a PO without an item.

    General Flow will be like this.

    PO-->AP-->Projects-->FA-->GL

     

    Thanks

    -Arif.

  • 2. Re: Purchasing fixed asset
    user587041 Newbie
    Currently Being Moderated

    Thank you very much arif..

     

    Please let me know do we add this item as asset in fixed asset after the purchase process is complete and we have performed receipts in oracle inventory too..

     

    Do we need to perform asset creation through asset addition in AP ?

     

    You mentioned that the general flow is PO-->AP-->Projects-->FA-->GL but we do not currently have project running.. how does it happen in this case

     

    Regards,

    Muhammad Nouman

  • 3. Re: Purchasing fixed asset
    User315731 Pro
    Currently Being Moderated

    Hi Muhammed,

    Need to create a Item with asset category and relavent account.

    Receive the items and create AP invoice...then run create mass additions interface so that AP invoice details will flow to FA.

    in case of non-project module PO-->AP-->FA-->GL.

     

    ping me your email..will send a good PPT on the integration part.

     

    Thanks

    -Arif.

  • 4. Re: Purchasing fixed asset
    user587041 Newbie
    Currently Being Moderated

    Thank you very much indeed for this helpful answer.

     

    My email id is: noumanonline@yahoo.com

     

    I also need to know if we need to apply services to that item to increase that fixed asset's cost or useful life, can we achieve it through making a service PO for that FA item ? if yes how do we achieve it.

     

    I do really appreciate your replies.

  • 5. Re: Purchasing fixed asset
    User315731 Pro
    Currently Being Moderated

    FA,PO and AP integration is sent to your inbox...pls check.

     

    I am not sure as to how we can increase the fixed asset cost thru service...

    but from PO stand point we can pick up "line type" as service and attach FA item/Category.

    This way the whole date will flow from PO,AP and then to FA.

     

    HTH

    -Arif.

  • 6. Re: Purchasing fixed asset
    user587041 Newbie
    Currently Being Moderated

    I thank you very much for the information and help.

     

    I would like to confirm if we can somehow populate the list of fixed assets defined in FA modules in purchase order line at the place of item code so that we can directly buy for existing fixed assets.

     

    Regards,

    Muhammad Nouman

  • 7. Re: Purchasing fixed asset
    user587041 Newbie
    Currently Being Moderated

    How to add line type of " services " in order to let it fetch the FA categories rather than inventory categories ?

     

    Regards,

    Muhammad Nouman Shaikh

  • 8. Re: Purchasing fixed asset
    User315731 Pro
    Currently Being Moderated

    Hi,

    We have a default "Service" line type in PO Setups...enable the same.

    Also in the same line type setup attach the Asset Category and save the record.

    by this way if services line type is selected then Asset Category will be populated and can be approved.

     

    Thanks

    -Arif.


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