Tax book conversion
Hello,
We are implementing FA tax accounting in R12. Initial mass copy will be performed to copy existing records from our CORP books to FED/AMT Tax books. We need some input in the conversion of the following:
- Previously retired assets in the CORP books (not included in the initial copy) but existing and still being depreciated in the tax records. An idea we came up with is to do an upload of these assets in our CORP books before initial mass copy, then retire in the CORP books after initial mass copy is performed. Is there an alternative/better way to add these records into our Tax books?
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