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Accounting Entries Are Not Generated For Periodic Lease Expense Under The Tax Book (Doc ID 2653333.1)

Last updated on MARCH 27, 2020

Applies to:

Oracle Fusion Assets Cloud Service - Version 11.13.19.04.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
Accounting Entries are not generated for Periodic Lease Expense under the Tax Book


EXPECTED BEHAVIOR
-----------------------
Accounting Entries should be generated for Periodic Lease Expense under the Tax Book


STEPS
-----------------------
Below is the issue customer is facing.
1. They have Two Asset Books
  1. Corporate Book (Assigned to Primary Ledger),
  2. Tax Book (assigned to Secondary Ledger).
2. They have created an Asset Lease using FBDI template under the Corporate Book
3. Imported the Asset using Mass additions Template.
They are able to Create Accounting for Lease Addition and Periodic Lease Expense successfully.
4. Now, they have assigned the Asset lease to the Tax book (Tagged secondary ledger) using FBDI import functionality and were able to create accounting for the Lease Addition under Tax Book.
5.When they run "Calculate Lease Expense" program, system calculates the Periodic Expense but there are no accounting entries generated to this transaction.


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot close the period in FA.

Cause

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In this Document
Symptoms
Cause
Solution
References


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