Transactions

Transactions in assets are frequently interfaced from the Payables product as a part of the invoicing activity. There are very few cases where an enterprise decides to enter the asset transaction manually in Oracle Assets. However, you can enter assets manually if required in Oracle Assets.

Oracle Assets interfaces data from Payables if the following criteria are met:

  • The charge account on the payables distribution lines is an asset or CIP clearing account.
  • The Track as Asset flag is checked. (This is automatically checked if the charge account is an asset or CIP clearing account.)
  • The distribution line is transferred to GL.
  • The asset account is defined as a clearing account (or CIP Clearing Account) in an Asset category.
  • The GL Date on ...

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