I have a existing Oracle applicttions and need to bring one of the new bu

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Question

I have a existing Oracle applicttions and need to bring one 
of the new business on it. The new business will use GL, AP 
and FA. We will use existing COA. This business will have 3 
sets of books (1- tax book, from April to March; 2- Primary 
book, from July to June; 3- Reporting book, from July to 
June); All books will have same currency; HOW DO I TRANSFER 
DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY 
MONTH? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE 
SCHEDULED?
THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD 
SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO 
REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING 
BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX 
BOOK?.
HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS?
Thank you in advance for your help.

Question Submitted By :: Kk

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Answer Posted By

Re: I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thank you in advance for your help.

Answer
# 1

The question is not quiet clear here.
I have some doubts
1.  If you are adding new business does it mean that it is 
a legal entity
2. U r telling three SOB's.  R u speaking tax book in terms 
of fixed assets or gl.
3. As written i think your depreciation calendar is 
different from GL calendar.  Is it true?
4.  Why do you want to setup a new set of books.
already u have primary and reporting SOB's
I will answer this questions, pls provide me these details

Is This Answer Correct ?

0 Yes

0 No

Swathi

Answer
# 2

Hi Swathi,

Asper businees need like this setup.

Like The company having indian Operations needs to report 
to share holders as per indian calender.But have subsidary 
in US needs to report to US as per thier calender.

Here the question,Is there any existing program which will 
convert data from SOB to another SOB

Is This Answer Correct ?

0 Yes

0 No

Anji

Question	Asked @	Answers
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I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thank you in advance for your help.	Oracle	2
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