How to Enable Funds Check on Fixed Assets Purchases/Invoices?

Enabling budget controls over purchases of assets in Oracle Purchasing and Payables is not a straightforward task. The complicity of this issue arises because of using asset clearing account(s) as intermediary between source systems and Oracle Assets; that is, the asset cost clearing account debited in source system is credited (zero out) at time of importing assets from mass addition interface.

Thinking of budgetary controls at time of raising purchase orders or entering supplier invoices, however, requires using these asset clearing accounts as expense “charge” accounts for funds check purposes. Given the fact that at time of posting mass additions – and passing of accounting entries from Oracle Assets to GL – the balance of clearing accounts will be credited, their funds available will be falsely