Error in Process Transactions In Fixed Assets Program (Doc ID 2334181.1)

Last updated on DECEMBER 01, 2017

Applies to:

Symptoms

On : 12.1.3 version, Asset Management

When running Process Transactions in Fixed Assets after processing a Partial Termination,
the following error occurs in the output file of that request:

ERROR
-----------------------
Off-Lease transactions have been updated for asset OKL82402 in Fixed Assets.
You cannot perform this transaction on an asset whose normal life is complete but not yet fully reserved.
Error processing Asset Depreciation transaction in Fixed Assets for asset OKL84413 in book LEASEQA CORPO1.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Define Off Lease Amortization Hold Periods with a Hold Period Days value
  of 3650 for the Asset Category of the Asset(s) being terminated on the contract.

  Setup > Assets > Off Lease Amortization Hold Periods

2. Create a Contract with two Assets and a Term of 7 Months, so that the last period
  of the contract is in the current open FA Persiod. For example, if the current FA
  Period is July 2017, the contract start and end dates would be:

  Start Date: 01-Jan-2017
  End Date: 31-Jul-2017

3. For the Assets on the Contract set the Depreciation to STL/6 Months.

4. Book, bill and accrue the contract as needed.

5. Process a Partial Termination for one of the Assets, using a Quote Effective
  Date that is in the last month of the contract, such as 06-Jul-2013.

6. Once the Quote has been processed and reached a Completed run Process Transactions
  in Fixed Assets. The request will complete successfully, but the output will contain
  the errors mentioned above.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot have this program complete without error.

Changes

Cause

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