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ERE: Lease Admin - Useful Life Not Updated In AM When Renewing A Lease (Doc ID 2454361.1)

Last updated on NOVEMBER 23, 2019

Applies to:

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


Lease Admin - Useful life not updated in AM when Renewing a Lease .In Image 28, Useful life is not updated in AM when you renew a lease. Tested in Demo Image 29 and it is updating correctly and depreciation is posting correctly. 

The issue can be reproduced at will with the following steps:
1 Create a NEW Lease with the below details and Activate the Lease  ,Set up Capital Property  Create Base Rent  Create a NEW Lease with the below details and Activate the Lease, Enter August Accounting date even though we are in September
2 Generate Schedule , Run Depreciation Calculation , Run Create Accounting Entries , Run Close Depreciation and make sure period is 8 , Run Generate Journals




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