Using Tax Books in Fixed Assets - Oracle-Developer.com

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Using Tax Books in Fixed Assets
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Tax Book Maintenance Overview
Purpose: To provide an overview of tax book maintenance

Introduction: You can copy your assets and transactions from your corporate book to your tax books automatically using Mass Copy. You can create as many tax books as you need, maintain your asset information in your corporate book, and then update your tax books with assets and transactions from your corporate book. You must allow Mass Copy and choose whether to copy additions, cost adjustments, retirements, and salvage value for your tax book in the Book Controls window before you can run mass copy. You also specify which corporate book mass copy uses as the source. You cannot copy assets from one corporate book into another corporate book. If you choose to copy adjustments, Oracle Assets copies cost adjustments from the associated corporate book if the unrevalued cost in the corporate book before the adjustment matches the unrevalued cost in the tax book. It copies both adjustments that are ADJUSTMENT type in the tax book and adjustment transactions that create a new ADDITION type and update the ADDITION/VOID in the tax book.

How Initial Mass Copy Works
Use Initial Mass Copy to initially populate your tax book by adding existing assets to a tax book. Initial Mass Copy copies all the assets added to your corporate book before the end of the current tax fiscal year into the open accounting period in your tax book. For example, your fiscal year is from January to December. Your corporate book open accounting period is February 2002 and your tax book open period is December 2001. When using Initial Mass Copy for the first time in your tax book, you can run it as many times as necessary for the first period to copy all existing assets. When you rerun the process, Initial Mass Copy only looks at assets which it did not copy into the tax book during previous attempts, so no data is duplicated.

How Periodic Mass Copy Works
Use Periodic Mass Copy each period to keep your tax book up to date with your corporate book. Oracle Assets copies new assets and transactions you made in your corporate book during one accounting period in the current fiscal year into the open period of your tax book. You can run periodic mass copy on each tax book after you close each period in the corporate book.

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