EAM: Offset Accounting Entries Do Not Have The Correct Amount Sign For Asset Recategorization
(Doc ID 2998636.1)
Last updated on JANUARY 28, 2024
Applies to:
PeopleSoft Enterprise FIN Asset Management - Version 9.2 to 9.2 [Release 9]Information in this document applies to any platform.
Symptoms
When an asset is re-categorized and the accounting entry process is ran, the offset accounting entries do not have the correct amount sign and have unbalanced accounting entries.
Replication Steps:
1. Create an asset (Asset Management - Asset Transactions - Owned Assets - Basic Add)
2. Run depreciation (Asset Management - Depreciation - Processing - Calculate Depreciation)
3. Run accounting entries process (Asset Management - Accounting Entries - Create Accounting Entries)
4. Re-categorize the asset (Asset Management - Asset Transactions - Financial Transactions - Cost Adjust / Transfer Asset)
5. Run depreciation (Asset Management - Depreciation - Processing - Calculate Depreciation)
6. Run accounting entries process (Asset Management - Accounting Entries - Create Accounting Entries). The offset accounting entries have incorrect amount sign and hence unbalanced entries are generated.
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |