Periodic Mass Copy (FAMCP) Copied Assets to Tax to a Period Previous to Corporate Addition Entry Period (Doc ID 1946018.1)

Last updated on NOVEMBER 08, 2022

Applies to:

Goal

Ran Periodic Mass Copy, selected the later of the 2 period options in the LOV (list of values).  Find in log that adjustments error with:

"Mass copy failed to copy this future dated transaction."

but additions was successful.

This causes the asset additions in the tax and corporate books to be in different periods.

Example:

In the corporate book, an asset was added in the current open period of DEC-14 (regardless of DPIS - date placed in service).  The tax book's current open period is NOV-14.  Periodic Mass Copy was run for DEC-14.  The additions done in the corporate book in DEC-14 are copied to the current open period in the tax book, i.e. NOV-14.  If the assets have a DPIS in DEC-14 or later, they do not depreciate.  If the assets are back-dated, they do begin depreciating in this period.

Solution

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