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Hi,



Can we add an asset only to tax book in fusion assets? We have few assets which are not capitalized per Corporate book but the same needs to be capitalized and depreciated per IRS, hence can we add assets only to tax book?



Any poiters are helpful.



Regards,

Raghu
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  • Accepted Answer

    Thursday, November 19 2015, 10:33 AM - #Permalink
    0
    Hi Raghu,
    An asset cannot be added / mass copied to a TAX Book without having a CORP equivalent asset in place.

    Please try the following workaround:

    1- Add the assets in CORP book with a cost of 0.00
    2- Then have these mass copied to the TAX book
    3- Once these are in the TAX book, issue a TAX book adjustment to reflect their values in TAX
    4- In the CORP Book retire the asset.

    Please try and let me know if this works for your scenario.

    Regards,
    Rohit
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