EAM: Partially Retired Leased Assets Generate Unbalanced Accounting Entries

(Doc ID 2348762.1)

Last updated on JANUARY 15, 2018

Applies to:

PeopleSoft Enterprise FIN Asset Management - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.

Symptoms

Accounting entries which are created when doing a partial retirement for an leased asset are wrong.

STEPS

The issue can be reproduced at will with the following steps:

1. Create an Asset Management lease with multiple quantities using the "Express Add"
Main Menu > Asset Management > Asset Transactions > Leased Assets > Express Ad

2. Proceed to run depreciation on the asset
Main Menu > Depreciation > Processing > Calculate

3. Close Depreciation
Main Menu > Accounting entries > Close Depreciation

4. Create the accounting entries
Main Menu > Accounting entries > Create Accounting Entries

5. Partially – Retire the asset
Main Menu > Asset Management > Asset Transactions > Asset Disposal > Retire/Reinstate Asset

6. Create the accounting entries
Main Menu > Accounting entries > Create Accounting Entries
 
7. As a result of the partial retirement the accounting entries don’t balance:

Note 1: Any additions, adjustments and/or lease payments prior to the “Partial-Retirement” of the asset generate balanced accounting entries.
Note 2: If the asset is fully retired the accounting entries are also correct.


Cause

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