My Portfolio

1 Creating Asset from Purchasing à Transferring the Invoice to AP à Adding Asset in FA à Transferring Journal Entries to GL Navigation: Inventory à Item à Item Master Create an asset type of item Assign Asset Clearing account in the expense account field lying in Purchasing tab. Assign the asset item to the organization Go to Org attributes to assign asset clearing account in the expense account field lying in purchasing tab. Navigation: Purchasing Super User à Purchase Order (Note you have to be assigned as Buyer) Create Purchase Order (Notice that asset clearing account appearing in the distribution area in Purchase Order created). Navigation: Oracle Payables à Invoice à Enter à Invoice Create AP Invoice on the same supplier to match with the purchase order created. Again notice that Asset Clearing account automatically appearing in invoice distribution form. Notice that automatically system check “Track as an Asset” button when the account is Asset Clearing. From Concurrent Requests...