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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.
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Answer / swathi
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 ? | 1 Yes | 1 No |
Answer / aruna
tax book.. different calendar
primary book and reporting book use same calendar.
you can use the secondary ledger feature in case if your
calendar, currency or COA differ.
in your case, only calendar differs from tax book to two
others ie primary and report.
define one secondary ledger for the tax where calendar is
april to march.
transfer to GL posts transactions to primary as well as
secondary. you can run the required reports at period for
the secondary ledger too.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / anji
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 | 1 No |
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