Export Assets from Prepare Mass Addition and Verify Them Before Capitalising
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EXPORT ASSETS FROM PREPARE MASS ADDITION AND VERIFY THEM BEFORE CAPITALISING
1. Go to xxx Assets Responsibility
2. Click on Mass Additions-Prepare Mass Addition
In Queue, select NEW (NEW status represents those assets which have not been capitalised so far) Click on Find
The following screen will appear
Click on File-Export
The exported list will provide you a list of all the assets pending capitalisation since Go Live. IIMR Exported list.xlsx
The first period open in the system is APR-14.
In Oracle Fixed Assets,first we need to capitalise assets pending in APR-14 and so on.
In the list, institute first needs to sort whether the asset lines are correct or not.
In case few lines are found which are not assets, they can be deleted.
In case there are assets which are not present in the system, we need to capitalize manually.
Once the Capitalization is complete for the month of APR-14, institute needs to run depreciation and close that period. After this May-14 will open.
NOTE: Period once closed can never be reopened so we need to make sure that all the assets pertaining to that period are capitalized and then only we close them.