My Oracle Support Banner

EAM: Unbalanced AM Retirement GL Journal (Doc ID 1935446.1)

Last updated on JUNE 17, 2022

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?


To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!

In this Document

My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.