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DM: Deal Accounting Is Not Generated Correctly Because Of Accounting Template Setup (Doc ID 2540884.1)

Last updated on OCTOBER 01, 2024

Applies to:

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

Symptoms


ISSUE:

Deal accounting is not generated correctly 

STEPS:

1. Banking Setup - Financial gateway for payment method ACH
2. Instrument Template -T-BILL -No Interest Date Rule
3. Create a Deal
 
Settlement Instructions tab
Cashflows
Select Settlement
Approve Settlement
Click ok on this message
Dispatch payment
 
Enter password and click Continue
File Status Complete
 
Run Automated Accounting


2 entries
Initial Payment
Interest Accrued
Do a Sell/Buy Back
Populate the information
Click OK
Run Automated Accounting
 
Accounting Entries
Accounting Entries – Interest Accrued
Accounting Entries – Sell/Buy Back


 
The sale transaction should be recorded as

 Dr Cash- 19,943,138.80
 Cr Asset (initial asset purchased) -19,931,900
 Cr Investment income – 11,238.80




Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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