How to get Daily Depreciation for a Banking compan
Posted: Sun Feb 21, 2010 3:05 pm
Dear All
Version:R12.0.6
We are implementing Purchasing, Payables, Fixed Assets and GL for a Banking company. There is a Statutory requirement for Banks to close books on a daily basis
But if we define Daily Calendar in GL it has following implications
a) Budget can have only 60 periods (i.e) 01-Jan to 01-Mar and we cound not define more than this it has been tested
Doc ID:281934.1 Budget Is Limited To 60 Periods Per Year
Bug No. 6666880 REQUIRE 365 BUDGET PERIODS WHEN THERE ARE 365 CALENDAR PERIODS FOR BANKING CO.S
b) in FA it allows only 365 periods which is again an issue for Leap year
Hence we decided to create customized daily trial balance and push the data to core banking software
The main challenge we are facing is as per Banking need we need to get daily depreciation and push the data to GL.
We tried defining Daily Depreciation Calendar in FA and Monthly Calendar in GL, it is not working
Checked with Oracle and they termed this as Enhancement Request
Can anyone has faced similar issue and provided any solution please let me know
Thanks
Sivakumar
Version:R12.0.6
We are implementing Purchasing, Payables, Fixed Assets and GL for a Banking company. There is a Statutory requirement for Banks to close books on a daily basis
But if we define Daily Calendar in GL it has following implications
a) Budget can have only 60 periods (i.e) 01-Jan to 01-Mar and we cound not define more than this it has been tested
Doc ID:281934.1 Budget Is Limited To 60 Periods Per Year
Bug No. 6666880 REQUIRE 365 BUDGET PERIODS WHEN THERE ARE 365 CALENDAR PERIODS FOR BANKING CO.S
b) in FA it allows only 365 periods which is again an issue for Leap year
Hence we decided to create customized daily trial balance and push the data to core banking software
The main challenge we are facing is as per Banking need we need to get daily depreciation and push the data to GL.
We tried defining Daily Depreciation Calendar in FA and Monthly Calendar in GL, it is not working
Checked with Oracle and they termed this as Enhancement Request
Can anyone has faced similar issue and provided any solution please let me know
Thanks
Sivakumar