Mass additions transfer to Fixed assets[payable module] (Ask and Answer)

Ask:

While transfering Payables Mass Additions Transfer to Oracle Fixed assets before we have to transfer the payables to GL. i f the invoice is partially paid we cant transter to payables to gl.in this case we cant run the mass additions to ASSETS.I n this case what would happen.and another question is when we run the mass additions it means only at the time of period en D process or before also.if we purchase a asset at the beginning of the month.but we run the Mass at the additions End.

ANSWER:

There has been a wrong understanding on many professionals that programs which involves transfer of data between modules, Must is done in the end of the period. It is no where written nor suggested by Oracle as a standard methodology.
Programs like:
Invoice validation
Payable acccounting Process
Transfer to GL
In many organisations are scheduled to being run at the midnight on a daily basis, which is after office hours. So, the data entered during day, is processed and kept
Ready when employees come to work on the next day.
While closing the "period, one need to perform" reconciliation, by running standard, if data reports, matches it C Hange the period status to closed.

In your case Mass addition are one such program where can run it at frequent intervals, which is by forming a request SE T, where transfer to GL and Mass addition can is coupled together and ran or scheduled on a daily basis.

The query regarding transfer of partly paid invoices to Assets.
Mass addition program be interested only to Invoice information, even if you did not pay the Invoice still the Mass Additi On would transfer the asset to Assets module.
There is no wrong in has partly paid invoices, under any normal business, one can expect the invoices to be settle D by suppliers before a period end, there'll be transactions which would be in continual.


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