EAM: Round Type Generic on a Book Creates Negative NBV

(Doc ID 2372466.1)

Last updated on MARCH 12, 2018

Applies to:

PeopleSoft Enterprise FIN Asset Management - Version 9.1 and later
Information in this document applies to any platform.

Symptoms

On : 9.1 version, Depreciation

When we switch on the PeopleSoft functionality (Asset Management Definition>Book Definition>Round Type) the depreciation will be rounded but at the end of life the TAX book is not fully depreciated to zero. There will remain an amount due to the rounding open.  This is due to the way PeopleSoft s calculating. It seems that there is first rounding of the Asset cost, than calculates the depreciation amount. Expectation is that the asset is depreciated to zero amount.

Issue TAX rounding In the Asset Management Definition we have two books: IFRS and TAX. Depreciation in TAX book should be rounded to whole euros.

1 Set Round Type to: Generic instead of Currency
2 Create Asset and calculate depreciation.
-In IFRS book the asset is not rounded and is calculating fine.
-In TAX book the asset remains an open balance after life (due to rounding)
Expectation is that the asset is depreciated to zero amount.



Cause

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