prorate calendar in fixed assets
prorate calendar in fixed assets
can any one explain about the prorate calendar in oracle assets.thanks
Prorate Calendar will decide ur company depreciation policy.
For eg: Your company is purchasing an asset at any date of a month, but it is going to calculate depreciation from end date of the month only.
In this case ur prorate will be like this.
From 01-jan-09 to 31-jan-09 -- prorate date is 31-jan-09.
Means if u are purchasing an asset at any date of jan month ur system starts calculating depreciation from 31-jan-09 Onwards.
Like this u can define ur prorate calendar.
-- Surya
For eg: Your company is purchasing an asset at any date of a month, but it is going to calculate depreciation from end date of the month only.
In this case ur prorate will be like this.
From 01-jan-09 to 31-jan-09 -- prorate date is 31-jan-09.
Means if u are purchasing an asset at any date of jan month ur system starts calculating depreciation from 31-jan-09 Onwards.
Like this u can define ur prorate calendar.
-- Surya
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