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ELA: The AM_DPCLOSE Process Creates Unbalanced LEX Entries for an Operating Lease having Quarterly/Half-Yearly/Annual Payment Schedules. (Doc ID 2926110.1)

Last updated on FEBRUARY 07, 2023

Applies to:

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

Symptoms

After upgrading to Image #44, for operating leases that are having Quarterly, Semi-annual, or annual payment frequency. The Lease Expense (LEX) accounting entries are not balanced.
It was observed that the Lease interest component (LI Distribution type) for LEX accounting entries, was not generated by the AM_DPCLOSE process.

Steps to replicate:

1. Create a lease with operating leased asset category.
     Menu > Lease Administration > Payable leases > Create a New Payable Lease.

2. Enter base rent with quarterly payment schedule and select recognize monthly expenses.

3. Activate the lase.

4. Process depreciation for the leased asset.
     Menu > Asset Managment > Depreciation > Processing > Calculate Depreciation.

5. Run Create Accounting entries (AM_AMAEDIST).
     Menu > Asset Managment > Accounting Entries > Create Accounting Entries.     

6. Run Close Depreciation process (AM_DPCLOSE).
     Menu > Asset Managment > Accounting Entries > Close Depreciation.

Review accounting entries, LEX entries were not balanced, the Lease interest component (LI Distribution type) was missing.

Changes

 After upgrading from Image #30 to Image #44.

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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