Tax Book Create Accounting Creates Unbalance Journals for Retirement
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
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
Cost : 7958.72 -----> 7958.66
4.Full Retirement *** Jan-2014
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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