Leased Assets Accounting To Different Ledger (Doc ID 2604008.1)

Last updated on SEPTEMBER 09, 2022

Applies to:

Goal

Customer wants assets to be accounted in different Ledgers based on asset's type. If involved asset is a owned one its accounting should go to Ledger A (corporate one), but if this asset is leased then it should go to Ledger B (specific ledger created to collect leasing journals). In order to try to achieve this, we just wanna know if the product allows to achieve this someway.

We have already ruled out the following alternatives:

1. Create Ledger B (leasings one) as Primary and Assets Corporate Book B, then link one to another for accounting. This is not working, as when trying to create a Leasing Contract on FA module the field 'Book' has no values to be selected. The cause for empty LOV in this field is that there is any Payables Business Unit associated to Ledger B, only one associated to Ledger A through Legal Entity (not feasible to duplicate Business Units for this purpose).

2. Create Ledger B as Secondary, Assets Corporate Book B and Assets Tax Book B'; then link Ledger B to B' and not generate accounting in Corporate Book B. I though this was a very feasible option; however, the 'Copy to Tax Book' process is not working properly (gives us error "You must enter a lease payment schedule for the leased asset" although its payment schedule has been created properly) and Leasing contracts cannot be managed only on Tax Book B' due to product limitations.

Since none of these options allow us to meet the requirement set by the customer, I have thought of one more alternative. This one consist on creating Ledger B as Secondary and Assets Corporate Book B too, but adding a SLA configuration to redirect all assets accounting for that Assets Book B to Ledger B, instead of accounting to default Primary Ledger A configured in Asset Book options setup task.

Could you, please, check if this SLA setup is possible, and if so guide me through it?
 

Solution

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