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EAM: AM_AMAEDIST Is Creating Gain/Loss For A Negative ADD Amount That Equals To Original ADD Amount (Doc ID 2103649.1)

Last updated on NOVEMBER 28, 2016

Applies to:

PeopleSoft Enterprise FIN Asset Management - Version 9.2 and later
Information in this document applies to any platform.


Removing an asset creates a RET entry

An Owned asset was added in AMS in February. However, this asset should be a leased asset. So, in order to “remove” this asset we adjust the cost down to 0 (which in turn will reverse all the accumulated depreciation expense and then retire the asset. In v9.0, there wouldn’t be a retirement journal because there is nothing to be booked (cost and depreciation accounts are zeroed during the adjustment). However, after upgrading to 9.2 PUM 12, an RET entry is created and also with amounts that don't make sense.

Need to have balanced accounting entries.

The issue can be reproduced at will with the following steps:
1. Add an asset.
 2. Run Depreciation.
3. Go to Cost/Adjust transfer page, and create a negative add for the same amount of the cost.
5. Retire the asset.

The issue has the following business impact:
Due to this issue, users cannot have balanced entries.



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