Asset Retirement

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
Post Reply
kommineni7
Posts: 150
Joined: Wed May 30, 2007 6:05 am
Location: India

Asset Retirement

Post by kommineni7 »

Hi Asset Gurus,

In case of asset retirements, is there any integraiton of AP & AR modules for payment of cost of reversal, colleciton of sale proceeds respectively??

my requirement is over here is system has to crate the ap invoice automatically for cost of removal in AP & Receivable invoice for colleciton of sale proceeds??

Thanks,
Venkatesh
AmanKhan
Posts: 387
Joined: Wed Sep 26, 2007 2:51 am
Location: Pakistan

Post by AmanKhan »

Hi,

There is no such auto integration with AP or AR for retirement cost & proceeds.

You have to manually enter transactions in AP & AR with clearing account used in FA for proceeds of Sale

Regards,
Post Reply

Who is online

Users browsing this forum: Bing [Bot], Google [Bot] and 4 guests