ELA: Retirement Accounting Entries Are Unbalanced at the Accumulated Amortization Account Level After Expiring/Retiring Operating Leases (Doc ID 2876270.1)

Last updated on SEPTEMBER 12, 2023

Applies to:

Symptoms

Retirement Accounting Entries are Unbalanced at the Accumulated Amortization (AA) Account level after Expiring/Retiring Operating Leases


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

1. Create a Generic Operating Lease
Navigation: Lease Administration > Payables Leases > Create New Payables Lease
2. Generate the Straightline Schedule, Calculate the Depreciation, Create the Accounting Entries, and Close the Depreciation prior to the upcoming Retirement Period
Navigation:
Lease Administration > Integrations > Generate SL Schedule
Asset Management > Depreciation > Processing > Calculate Depreciation
Asset Management > Accounting Entries > Create Accounting Entries
Asset Management > Accounting Entries > Close Depreciation
3. Early Expire the Lease / Retire the Leased Asset
Navigation: Lease Administration > Payables Leases > Maintain Payables Lease
4. Calculate the Depreciation, Create the Accounting Entries, and Close the Depreciation for the Retirement Period
5. Review the Accounting Entries (Export PS_DIST_LN)

Detailed DEMO Replication Steps and Data Attached

Changes

 The issue occurred after upgrading from Image 25 to Image 40 as the system was set up to use a different Account Number for Distribution Type Accumulated Amortization (AA) and Transaction Types Lease Payment (LPY), Lease Expense (LEX),and Retirement (RET)

Cause

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