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Asset Retirement

Posted: Wed Dec 29, 2010 8:06 am
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

Posted: Wed Dec 29, 2010 1:10 pm
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,