Entering Calendar Information for a Book
1. Choose Calendar from the poplist in the Book Controls window.
2. Optionally enter a disable date for the depreciation book.
3. Choose whether to Allow Purge for the book.
4. Enter the general ledger set of books for which you want to create journal entries. Allow GL Posting if you want to create journal entries for this book. You cannot allow general ledger posting for your budget books
Your tax book must have the same account structure, general ledger calendar, and functional currency as the associated corporate book. If you want to create journal entries from your tax book, you must enter a different set of books for your tax book and the associated corporate book. You can then Allow G/L Posting.
5. Enter the name of the Depreciation Calendar you want to use for this book.
6. Enter the name of the Prorate Calendar that you want to use for this book.
Use the prorate calendar with the smallest period size or resolution you need for determining your depreciation rate. For example, you may want to use a monthly prorate calendar in a tax book that uses a quarterly depreciation calendar to allow finer control of the annual depreciation amount for some monthly prorate/method combinations.
7. Enter the current open period name for this book.
8. Enter the method for dividing the annual depreciation amount over the periods in your fiscal year for this book.
- Choose Evenly to divide depreciation evenly to each period
- Choose By Days to divide it proportionally based on the number of days in each period
9. Choose whether to depreciate assets in this book that are retired in their first year of life.
10. Enter the date on which you last calculated depreciation for this book. Oracle Assets updates this date when you run depreciation.
See Also
Defining Sets of Books.
Specifying Dates for Calendar Periods.
