EAM: Unbalanced AM Retirement GL Journal
Last updated on JULY 03, 2017
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?
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms