Legacy Assets data conversion for India
I will like to know how the fixed assets legacy data conversion should be done for India.
Client wants to use income tax schedule provided by Financials for India.
As per the implementation guide following is the approach proposed for legacy data conversion.
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181. How to upload the Old Asset Information from the Legacy System?
Following procedure should be followed to upload the legacy data:
1. For example, if the assets are added right from the year 1980, then, first define the
Block Of Assets for the financial year 1980.
2. Upload, first all the assets having the Date Placed In Service in the period 1980, by
Client wants to use income tax schedule provided by Financials for India.
As per the implementation guide following is the approach proposed for legacy data conversion.
===============
181. How to upload the Old Asset Information from the Legacy System?
Following procedure should be followed to upload the legacy data:
1. For example, if the assets are added right from the year 1980, then, first define the
Block Of Assets for the financial year 1980.
2. Upload, first all the assets having the Date Placed In Service in the period 1980, by
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