Depreciation Override
We are currently managing some assets that are depreciating using the units of production method outside of Oracle in Excel. We now what to add those assets to the Oracle Fixed Assets register. To enter the Accumulated Depreciation I was going to use the Depreciation override functionality instead of getting Oracle to calculate it. My problem is that I cant get the Accumulated Depreciation amount until working day 3 of the next period, by this time depreciation has already been run and from my understanding once depreciation has been run in the period you can not use Depreciation Override.
For Example I wanted to add the assets to the register in the December period, uploading the Accumulated Depreciation as at 31/12/2010 using Depreciation Override. Production figures would then be used to calculate depreciation from Jan-2011 onwards. However I won't get the Accumulated Depreciation figure for December until January 3. December 31 is the end of our financial year. Apart from either not closing the December period until the Accumulated Depreciation is calculated or doing an accrual in the General Ledger is there anyway of adding the assets in December using Depreciation Override