Tax Book Create Accounting Creates Unbalance Journals for Retirement

(Doc ID 1645034.1)

Last updated on JANUARY 04, 2018

Applies to:

Oracle Assets - Version 12.1.3 and later
Information in this document applies to any platform.


After copying the retirement to Tax Book, via Periodic Mass Copy, then run Create Accounting - Assets, the Retirement Journal entry is unbalanced.  This is caused by the NBV Retired missing in retirement journals.

The subledger journal entry does not balance in the entered currency. Please verify the entered amounts on the journal entry lines

0.Set the Alternative Ledger to Tax Book.
1.Add Asset *** Dec-2013
    (Corporate book)
    Cost                            : 7958.72
    YTD depreciation amount         : 0
    Accumulated depreciation amount : 0
    Depren method                   : STL (120 months)
    DPIS                            : 07-JUN-2013
    Salvage value                   : 0 (0 %)
    Depreciation limit amount       :

2.Run Periodic Mass Copy to add the asset to Tax Book.
3.Adjust the asset *** Dec-2013
    (Tax Book)
    Cost      : 7958.72 -----> 7958.66

4.Full Retirement    *** Jan-2014
    (Corporate book)
    Retire Date           : 31-JAN-2014
    Cost Retired          : 7958.72
    Retirement Convention : Next Month Convention

    Proceeds of Sale      : 0
    Cost of Removal       : 0

5.Run Periodic Mass Copy to copy the retirement to Tax Book.
6.Run Create Accounting - Assets for subledger that is related to Tax Book


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