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Create Accounting Generates Journal Entries For Expensed Assets (Doc ID 2779784.1)

Last updated on JUNE 08, 2021

Applies to:

Oracle Fusion Assets Cloud Service - Version 11.13.21.04.0 and later
Information in this document applies to any platform.

Symptoms

You create an invoice in Oracle Payables. You use an account of type Expense on the invoice distribution and check Track as Asset.

You run Create Mass Additions to transfer the invoice line to Fixed Assets (FA).  You prepare and post the new asset which is of type 'Expensed'.
You then run Create Accounting for Assets and find that journal entries are generated for the asset.

Your expectation is that no accounting entry should be generated in FA for Expensed assets.

Changes

 Capitalization threshold feature has been disabled at the book and category level.

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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