EAM: Unbalanced AM Retirement GL Journal
(Doc ID 1935446.1)
Last updated on JANUARY 25, 2021
Applies to:PeopleSoft Enterprise FIN Asset Management - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.
****Checked currency 7/3/17****
Unbalanced entry after retiring Non Depreciable Asset with LIFE_END_DT
If an asset is added as non depreciable with a LIFE_END_DT and hence no value in LIFE, when AM_DEPR_CALC runs, these fields on ps_retirement do not get populated: gain_loss, retirement_dt, and end_depr_dt. In addition, the
retirement_status remains 'N'.
Because of this, when AM_AMAEDIST runs, it creates a one sided RET journal entry. It creates a credit to the 'FA' (Fixed Asset) account, but no entry to the 'GL' (Gain Loss) account and the journal errors in GL.
Why does this happen?
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