Tax Book Create Accounting Creates Unbalance Journals for Retirement (Doc ID 1645034.1)

Last updated on OCTOBER 04, 2016

Applies to:

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

Symptoms

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.

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

Example
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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



Cause

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