ELA: Accounting Entry Not Created For Month To Month Leases

(Doc ID 2409799.1)

Last updated on JUNE 11, 2018

Applies to:

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

Symptoms

Create a lease with Advance payment method for a period of 1 month. Activate the lease and run all of the processes. Create accounting entries. Accounting entries for the ADD or LPY transaction types are not generated for this lease as the ROU asset value is zero. As a result, there is no Rent expense booked but payment is generated from AP.

Expected Behavior
-----------------------
Expecting ADD accounting entries and Rent Expense.

Steps
--------
This issue can be replicated by performing the following steps:

1) Create a lease with Advance payment method for a period of 1 month.
2) Activate the lease and run all of the processes.
3) Create accounting entry. Accounting entries for the ADD or LPY transaction types are not generated for this lease as the ROU asset value is zero
4) Interface to the lease to AP.
5) Build Voucher. Payment is generated from AP.

Business Impact
-----------------------
Add Accounting entries and Rent Expense not generated.

Changes

 

Cause

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