Sending Asset Lines to Oracle Assets
Run the Interface Assets process to send valid asset lines to Oracle Assets to become fixed assets. Then, in Oracle Assets, you review the mass addition lines created from the project asset lines in the Prepare Mass Additions window. For Oracle Projects to send asset lines to Oracle Assets, the asset line must meet these specific conditions:
- The actual date in service must fall in the current or a prior Oracle Assets accounting period
- The CIP costs for summarized asset lines must be interfaced to Oracle General Ledger
- The CIP costs for supplier invoice adjustments must be interfaced to Oracle Payables
- A CIP asset must be associated with the asset line
The process creates one mass addition line in Oracle Assets for each asset line in Oracle Projects, assigning the asset information you entered for the CIP asset in Oracle Projects to the mass addition line in Oracle Assets. You use the Mass Additions process in Oracle Assets to prepare and post these mass additions to become assets. If you did not enter all required asset information in Oracle Projects, you must enter it for the line in the Prepare Mass Additions window before you can post it.
In Oracle Assets you can query and review assets posted to Oracle Assets by project number and task number in the Financial Inquiry window.
Prerequisite
Interface your capital project CIP costs from Oracle Projects to Oracle General Ledger.
Interface CIP costs for your supplier invoice adjustments to Oracle Payables
If you are sending cost adjustments for an asset from Oracle Projects to Oracle Assets, ensure that the original mass addition was posted to Oracle Assets. If the mass addition has not become an asset, the Interface process will reject the adjustment line.
To send asset lines for a range of projects:
- Choose PRC: Interface Assets process in the Submit Request window and enter the project or range of projects, and the In Service Date up to which you want to process capitalized costs. Choose Submit to start the process and run the Interface Assets Report.
See Also
Interface Assets
Interface Assets Output Reports
Creating Mass Additions for Oracle Assets Oracle Assets User's Guide
About the Mass Additions Open Interface Oracle Assets User's Guide
Reviewing Mass Addition Lines Oracle Assets User's Guide
Viewing Assets Oracle Assets User's Guide
