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ELA: Leased Asset Accounitng Incorrect When A new Calendar Is Used For A Lease Term More Than 100 Years (Doc ID 2496703.1)

Last updated on JANUARY 17, 2020

Applies to:

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

Symptoms

If a monthly lease is created with this calendar, with lease end date > 2100, the accounting entries are incorrect. LPY entries and LEX entires generated for every month. This effectively knocks the payment done to 0. It's expected that LEX entries shouldn't be generated.

Steps to Replicate:

1. Create a new lease with end date in 2110.
2. Run depreciation calculation and accounting for this asset.
3. Run depreciation close for initial 3 months.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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