Setup steps for Assets and Inventory Flow

1. Create a relation between HR Location and FA Location. And its a required step.

2. Define Item as Install Base Trackable. Note: If Create Fixed Asset is selected, then the item becomes depreciable, and the asset is
Created upon receipt. If the checkbox is left unchecked, then the item is regarded as normal, and the asset is created when put in service through an Oracle Asset Tracking deployment transaction.

3. Connect Asset Category to the Item.

4. Connect Asset Category to the Asset Book.

5. Create a purchase order and receive item into Inventory or using eIB Receipt to the field Location Miscellaneous receipt transaction to receive item into Inventory and issue the needed item by using eIB Issue to the field Location Miscellaneous issue transaction the journal entries :
Dr. Offset Account Cr. Inventory Account

6. Run the Create asset for Inventory asset tracking concurrent request from Asset tracking Super user responsibility. . Note: You Must assign the profile option CSE: FA Book Type Code to your asset book on Org
Level before running this request.

7. Review the Asset in Item Instances from Asset tracking Super user responsibility.

8. Run Post Mass Addition from Assets responsibility.Enter the Book that was defined and connected in the Organization level for the Profile Option CSE: FA Book Type Code and connected to the asset category. The journal entries : Dr. Fixed Asset Account Cr. Inventory Account

9. Run Create Reversal GL Entries for Inventory FA Items request from Asset tracking Super User to reverse the generated journal entries that created from the Miscellaneous issue transaction the journal entries : Dr. Inventory Account Cr. Offset Account

10. Review the asset in Fixed Assets Workbench.

CSE: Create Assets when issued to Field for Expense Items

CSE: Create Assets when issued to Field from Expense subinventory for Asset Items