Overview of Creating Fiscal Documents for Fixed Asset Transfers

You can now generate fiscal documents for fixed asset transfers in Oracle Fusion Cloud ERP.

If you physically move an asset from one location to another, and if the new location belongs to a different reporting unit within an organization, you must generate a fiscal document for the asset transfer.

To generate a fiscal document for the asset transfer, follow the process that begins in Fixed Assets and continues through to Receivables. For individual transfers and mass transfers, the transaction information is carried over to Receivables to create invoices. These invoices act as the basis for fiscal document generation. Receivables and accounting entries are not created for them.

From the invoice, you can request the fiscal document and proceed as the other fiscal document flows. You can track the fiscal document status from Manage Fiscal Document Generation page. Once the tax authority approves the fiscal document, the invoice is automatically completed.

To configure and manage fiscal documents for fixed asset transfers, follow these steps:

1. Enable a fiscal document.
2. Add a legal reporting unit segment to locations.
3. Assign a legal reporting unit to locations.
4. Associate a business unit with a source legal reporting unit.
5. Create internal customers.
6. Configure an AutoInvoice grouping rule.
7. Create an AutoInvoice transaction source.
8. Create an AutoInvoice transaction type.
9. Define the asset transfer invoices defaults.
10. Define memo lines.
11. Add shipping reference segments to line transactions.
12. Manage a fixed asset transfer fiscal document.
    • Move an asset transfer transaction to receivables.
    • Update a receivables transaction and generate the fiscal document.