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EAM: Lease Asset Minimum Rental Payment Update Creates Incorrect PLP Entries After Running the Depreciation Close Process (Doc ID 2724684.1)

Last updated on OCTOBER 30, 2020

Applies to:

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

Symptoms

Asset Management Lease Asset Minimum Rental Payment Update Creates Incorrect PLP Entries After Running the Depreciation Close Process


The issue can be reproduced at will with the following steps:


1. Create a New Advance / Capital AM Lease:
Initial Transaction Date 01/06/2020
Initial Accounting Date 30/06/2020
Initial MRP = 591.82
Initial Lease Term / Estimated Life = 48 Periods
Initial Interest Rate Percent = 0.0275.
2. Calculate the depreciation, Create the accounting Entries, and run the Depreciation Close Process For 2020 Period 6,7, and 8.
3. Update the Lease Information and Save:
Updated Transaction Date = 01/07/2020
Updated Accounting Date = 30/09/2020
Updated MRP = 568.54
Updated Lease Term / Estimated Life = 54 Periods
Updated Interest Rate Percent = 0.0001
4. Calculate the depreciation, Create the accounting Entries, and run the Depreciation Close Process For 2020 Period 9.
5. Review the Accounting Entries

Detailed DEMO Replication Steps Attached

Cause

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In this Document
Symptoms
Cause
Solution
References


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