Updating a Tax Book with Assets and Transactions
Use Initial Mass Copy once to set up your tax book with assets from your corporate book. Then use Periodic Mass Copy each period to update the tax book with new assets and transactions. You also can manually add a single asset to a tax book.
Oracle Assets defaults the depreciation rules you defined for the category and date placed in service in the tax book. For assets depreciating under the units of production method, Oracle Assets automatically copies the cost, date placed in service, and capacity from the corporate book.
Prerequisites for Initial Mass Copy
To initially populate a new tax book with assets and transactions:
1. Choose Tax > Initial Mass Copy from the Navigator window.
2. In the Parameters window, enter the name of the tax depreciation Book to which you want to copy your corporate book assets and transactions.
3. Choose Submit to submit a concurrent process that copies assets and transactions into your new tax book.
4. Review the log file and correct any errors.
5. Run the Initial Mass Copy program again if necessary.
6. Review the log file after the request completes.
To periodically update a tax book with assets and transactions:
Attention: Ensure that you have run Initial Mass Copy for your tax book if you added assets to the corporate book before this period. You also must close the appropriate period in the corporate book before copying assets and transactions to a tax book.
- Choose Tax:Periodic Mass Copy from the Navigator window. Enter the Book and Corporate Period from which you want to copy assets and transactions for the period. Review the log file and correct any errors.
To manually add a single asset to a tax book:
1. Choose Assets > Asset Workbench from the Navigator window.
2. Find the asset you want to add to a tax book.
4. Enter the name of the tax Book to which you want to add the asset.
5. Review the depreciation rules.
See Also
Submitting a Request
Tax Book Maintenance
Depreciation Rules (Books)
Tax Additions Report
Tax Retirements Report
Financial Adjustments Report