Why a Lot Controlled Depreciable Item Creates New Assets for Each Receipt
Last updated on JUNE 08, 2017
Applies to:Oracle Installed Base - Version 18.104.22.168 and later
Oracle Asset Tracking - Version 22.214.171.124 and later
Information in this document applies to any platform.
The Lot Control is depreciable Item is creating new assets for each receipt transaction. While it is expected that it should add to the existing asset if the year is the same.
A item XXX is Lot controlled and enabled for Install Base.
1- Enter a Purchase Order Receipt for item XXX - Lot Y - 3 units and asset AAA was created.
2- Then we enter a Misc Receipt of the same item, same Lot (Y) 2 units.
According to the Oracle Enterprise Install Base documentation (In R11), it should not create another asset, but add both units to asset AAA and make a cost adjustment. However, the system creates another asset, BBB.
As per Install Base User Guide:
"Vintage pooling is available for all non-serialized depreciable items. Is added to the existing asset if the year is the same. Receipt date must Be defaulted to the first day of the current fiscal year. However, you can Customize it through client extension. "
Verified the data and found that a new instance was not created, ie the Purchase Order Receipt and the Miscellaneous Receipt correspond to the same instance = III, which is correct.
But two assets were created for the same instance which does not coincide with what the documentation indicates.
1-Should you activate some configuration so that for an item with lot control does not create an asset for each receipt of the same lot?
2-If the lot is different but the same item, will you create a new asset or make an adjustment on the existing asset for that category?
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