EAM: On Accounting Entry Template , ARO Liability is Added Instead of Contra Asset on Accounting Entry
Last updated on JUNE 30, 2016
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.2 and later
Information in this document applies to any platform.
***Checked for relevance on 16-April-2014***
On : 9.2 version, Accounting Entries
ARO Liability created on accounting entry template
NO ARO Liability should have been created on accounting entry template but Contra Asset should have been created
The issue can be reproduced at will with the following steps:
1. All of the existing Cost types should not be ARO applicable (Uncheck the ARO check box in the existing Cost Types). Set Up Financials/Supply Chain > Product Related > Asset Management >Financial> Cost Type
2. Create a New asset Category Set Up Financials/Supply Chain > Product Related > Asset Management >Financial> Categories
3. Create a accounting entry template for the newly created category with Cost type as blank, transaction type as 'ADD' and transaction code as blank.
4. Check the Accounting Entry Type(DISTRIBUTION_TYPE). ARO Liability is added instead of Contra Asset.
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