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EAM: Create Accounting Entries (AM_AMAEDIST) Creates Unbalanced Accounting Entry for Retired Asset with VAT (Doc ID 1434595.1)

Last updated on JULY 22, 2020

Applies to:

PeopleSoft Enterprise FIN Asset Management - Version 9 to 9.1 [Release 9]
Information in this document applies to any platform.


In release 9 MP7 (bundle #16), after a retirement with proceeds greater than cost is done to a non depreciable asset which has 2 books that create accounting entries and VAT is enabled, the resulting RET accounting entries are unbalanced.

However, these scenarios create balanced RET entries:
1. Depreciable assets
2. Non depreciable assets in a non VAT BU
3. Non depreciable assets in the VAT BU if the proceeds are less than or equal to the cost.

Steps to replicate:
1. Add a non depreciable asset to a BU with VAT enabled -- VAT is Inclusive.
2. Retire the asset giving proceeds greater than cost.
3. Run the Depreciation Calculation process.
4. Run the Create Accounting Entries process.

Actual Results:
The sum of the corp book is -2500. The sum of the reporting book is -2918.52.

The same problem happens in release 9.1, but the asset does not have to be Non Depreciable.  Also, the retirement can come from any of these sources:
Disposal Worksheet
Closed Voucher
Online Retirement.


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