You can use Oracle Assets with multiple ledgers, within a single Oracle Assets installation.
You can handle multiple companies in two different ways. You can have multiple companies within one ledger, or you can have multiple companies each with its own ledger. Regardless of the way you choose, you create at least one depreciation book for each ledger that you want to use.
Example: Global Computers is a parent company with three subsidiaries. They are:
| Global Computers | G/L ledger 1 |
| Real Estate | G/L ledger 2 |
| Research & Development | G/L ledger 3 |
| Distribution | G/L ledger 3 |
Since Global Computers and the Real Estate subsidiary are in different ledgers, they must be in different depreciation books. The Research & Development and Distribution subsidiaries are in the same ledger so you can either set up one depreciation book for both, or a separate depreciation book for each.
You need only one copy of Oracle Assets to implement multiple ledgers. Use AutoInstall to install the single copy.
Once you install Oracle Assets, use the Book Controls window to set up as many depreciation books as you need. For each depreciation book, you choose to create journal entries to the appropriate ledger.
Remember that before you use the Book Controls window to set up your depreciation books, you must:
Set up the Account structure (chart of accounts) associated with each ledger
Use Oracle General Ledger to set up the ledger you need. If you do not have Oracle General Ledger, you can set up your ledgers using the Ledgers window in Oracle Assets
Implementing multiple ledgers in Oracle Assets has the following limitations:
If you want to transfer assets that are in different corporate depreciation books, you must retire the asset from one depreciation book and add it to the other.
You can run depreciation projections for several books at once if all books have the same Account flexfield structure. If they have different structures, you must project them separately.