Usages a fixed assets

Hi
The company has fixed assets and we want to charge the cost of fixed assets usage to a project. What do you recommend us?
Thanks.
Edited by: user1076895 on 21/07/2010 06:22 PM

Well, what version of EBS are you on? I ask because in R12 Oracle has come out with a new module called Oracle Asset Tracking. This new module has some integration to Oracle Projects. We are still on EBS 11i, so have no personal experience with this new module. Since this is a new module, I suspect very few Oracle customers are using it so far. If you are on EBS 12, you might want to investigate this. I certainly will not say this is something that will work for your specific requirements.
For us, it does not help us. Oracle certainly has a deficiency in its ERP software in that it lacks any kind of equipment billing/equipment accounting module. I can tell you what we are doing. Our prior (to Oracle) ERP software had a pretty decent Equipment Billing/Accounting module. Was not perfect, but it worked pretty well. We could charge jobs for rental equipment by the day, week, or month. We could sell our jobs consumable materials through the order processing capability. We went live on Oracle on January 1, 2008 (talk about a painful process). We are still using our old ERP software to do our equipment cost and revenue processing. We extract on a monthly basis (billing done at end of month) the cost and revenue charges for the month into an Excel Spreadsheet and then load that spreadsheet into Oracle, going into expenditure batches. The expenditure type is USG (usage) and we have various non-labor resource values used, depending on the location (we have warehouses/yards in a couple of different U.S. cities).
We are still looking for a replacement for the old ERP software. Any such replacement would be non-Oracle software. So we would still need to interface that software to Oracle Project Costing.
In the old software, the equipment master was separate from the assets master. But certainly for many of the equipment items, they would also be an asset and getting depreciated (for example, a construction crane, that we would rent to jobs, and since own would be an asset that we would depreciate).
Why don't you ask your Oracle sales rep what he would recommend? Would be interesting to see what he tells you.
John Dickey

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8
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460
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11
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220
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Usages a fixed assets

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