Asset Retirements Integrator

The Asset Retirements Integrator can be used to retire or reinstate Fixed Assets via the supported Oracle ERP Cloud REST Web Services. Assets can only be retired or reinstated in the Books that you have access to.

Ensure you are familiar with the More4apps Finance module prerequisites before attempting to use this Integrator.

Please also be familiar with the current Integrator Asset Retirements Limitations. These will be resolved over time as Oracle improves the underlying web services and we add additional functionality to this product.

The following sections are currently available in the Asset Adjustments Integrator:

  • Assets

    • Assets (Descriptive details)

    • Retirements

      • Transactions DFFs

      • Retirements DFFs

    • Reinstatements

For ease of use, customize the sheet layout to focus on either retirements or reinstatements. Having both in the same sheet may lead to confusion.

Input Method

There are two methods for entering values: direct input on the sheet or via a Data Form. Each method has its own advantages.

  1. Direct Input on the Sheet

    • You can manually enter values directly onto the sheet.

    • This method allows you to copy and paste values from a different source.

    • Note that when uploading, a validation process will run to ensure the correctness of all entered values.

  2. Data Form

    • The Data Form provides an alternative way to enter values.

    • It allows you to search or select values from pre-defined List of Values.

    • This can be useful when you don’t know the exact value to enter on the sheet.

Retire Assets

To retire assets, make sure the Assets Upload Action is set to 'Retire asset' and the current cost value of an asset in a Book is more than 0. You must enter the 'Cost Retired' column with either the partial amount or full remaining amount of the asset. Other fields can be entered optionally.

FA retire img1

The Assets Status will be returned with 'Accepted' if the retirements are successfully uploaded to Oracle.

Reinstate Assets

Oracle allows you to correct errors in asset retirements by reinstating them, effectively undoing the retirement process. When reinstating assets that have been partially retired multiple times, only the most recent partial retirement can be undone and reinstated. This means if an asset has undergone several partial retirements, only the last one can be reversed and the asset brought back to its previous state.

To reinstate assets, make sure the Assets Upload Action is set to 'Reinstate retirement' and that there is a retirement number populated against an asset.

FA reinstate img1

The Assets Status will be returned with 'Accepted' if the reinstatements are successfully uploaded to Oracle.