Analytics Software

Hi,

We are using Capex plan type in a Planning application (Version 11.1.1.3) to add new assets and calculate corresponding PPE, depreciation, accumulated depreciation etc. The issue is that when we add a new asset it does not show up in the balance sheet in the month of 'purchase date' but it shows up in the month of 'service date'. For example, when I add a new asset with the purchase date 11/01/2010 (Nov) and the in-service date 12/01/2010 (Dec), I should see the asset in PP&E account in Capex plan type in the month of Novemer (purchase date) and the depreciation should be calculated from the month of December (in-service date). However, the new asset shows up in the PP&E account in the month of December, which is the month of in-service date (although the depreciation correctly calculates from December). I looked at the business rule 'Add New Asset' of Capex plan type and it seems that the rule was originally created such that.

It is accounting need of the client that the new asset should be seen in PP&E account from the date of purchase (and not in-service). Does anybody came across similar situation? How can I fix this? Please advise.

Thanks,
Abhi

Edited by: User799 on Feb 25, 2011 2:23 PM