EAM: Asset Revaluation Creating Unbalanced Entries (Doc ID 1669268.1)

Last updated on APRIL 25, 2016

Applies to:

PeopleSoft Enterprise FIN Asset Management - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.

Symptoms

When using the Australian Revaluation functionality, the generated accounting entries are incorrect. There should be no need for a revaluation contra account, the entries need to be processed directly to the provision for depreciation.

Steps:

This issue can be replicated by performing the following steps:

1) Run the steps for the Australian Revaluation process a as described in PeopleBooks.
2) Review the resulting accounting entries.

Cause

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