My Oracle Support Banner

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:

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

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)

*Prerequisites: Set up a different Account Number for Distribution Type Accumulated Amortization (AA) and Transaction Types Lease Payment (LPY), Lease Expense (LEX),and Retirement (RET)
Navigation:
Set Up Financials/Supply Chain > Product Related > Asset Management > Accounting > Accounting Entry Template
or Set Up Financials/Supply Chain > Product Related > Lease Administration > Accounting > Accounting Entry Template


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

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Symptoms
Changes
Cause
Solution
References


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.