EAM: Enhancement - Asset Trade In Issues
Last updated on SEPTEMBER 15, 2016
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.2 and later
Information in this document applies to any platform.
Trade-in documentation limitations with PeopleSoft Asset Management:
1) Multiple assets traded-in for a single new asset.
The attachment shows the one-allowed asset trade-in link as it appears in asset Basic Add. This asset has 3 trade-ins. PeopleSoft only allows 1 trade-in to be linked to 1 new asset through Express Add, so the largest dollar amount of the 3 is linked to this asset record (see asset 01014788, $4,400).
The remaining 2 trade-ins are:
The value of these 2 additional trade-ins were manually added to the total value of this asset, and notes were placed in the open-field "comments" section.
2) The reverse situation: 1 large cost asset traded-in for multiple new assets.
There are 7 identical data storage units from a PO. There was a $52K trade-in
from asset %1043007, divided evenly, and added to the cost of the 7 new units. These were manually created as Express Add cannot accommodate anything other than a one-to-one trade-in. Attachment 2.
3) One or more non-capitalized assets traded-in for a new capitalized asset.
This situation does not allow the trade-in to be linked to the new asset because non-capitalized assets are not included in the list of retired assets in Express Add. In this case, we release through asset Integration and add the trade-in costs to the PAP line. A partial list of the retired assets referred to is attached and only includes capitalized assets - NO non-capitalized assets.
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