You can enter invoices for asset items in Oracle Payables and then import specified distributions into an interface table in Oracle Assets. You can then create assets from the distributions in Oracle Assets. For detailed information see: Create Mass Additions from Invoice Distributions in Oracle Payables.
You can also use Payables to make payments for capital leases that you record in Oracle Assets. In Oracle Assets, you enter lease payments and create lease payment schedules that are exported to Payables through the Export Lease Payments to Payables Process. This process loads invoice information into the Oracle Payables Open Interface and you can run the Payables Open Interface Import to create your invoices. For detailed information see: Exporting Lease Payments to Oracle Payables (Oracle Assets User Guide or online help) and Payables Open Interface Import.
Prerequisites
Install Oracle Assets.
Assign to Payables the same ledger you use for the Oracle Assets corporate book.
If you use Oracle Inventory and Oracle Purchasing, set up your items with asset categories.
Enter the invoice in either the Invoices window or the Quick Invoices window.
Enter the distribution description. This description will be imported into Assets.
Enable the Track as Asset check box for the item line, and optionally, for the nonrecoverable tax line. The account must be set up for an existing asset category, and must be either an asset clearing account or a construction-in-process (CIP) clearing account. If you enter the invoice in the Invoice Workbench, Payables automatically enables the check box if you have entered an Asset type account.
Validate the invoice. See: Invoice Validation.
Account for the invoice. See: Creating Accounting Entries in Payables.
Transfer the invoice accounting entries to General Ledger. See: Transferring Accounting Entries to Your General Ledger.
Submit the Mass Additions Create Program. Create Mass Additions for Assets process sends valid invoice distribution information from Payables to an interface table in Assets.
Prepare Mass Additions in Assets.
Review Mass Additions in the Oracle Assets Mass Additions window.