Depreciating Converted Assets

The final step in converting to PeopleSoft Asset Management is to process all the open transactions that were created by the Transaction Loader. You will run the programs to:

  • Calculate depreciation (AM_DEPR_CALC).

  • Create accounting entries (AM_AMAEDIST).

  • Close depreciation (AM_DPCLOSE).

Note: When converting data from the current system to PeopleSoft Asset Management, you should convert data as of the period before you want the system effective. You should calculate depreciation as of the first period that the system is effective.

For example, if you want the system to be effective on 01/01/06, you should convert all of the data as of 12/31/05. The fiscal year, START_PD and END_PD on the depreciation table, should be 2005, 12, 12, respectively. The TRANS_DT and DTTM_STAMP should be 12/31/05. However, you should calculate depreciation with OPEN_TRANS accounting and transaction dates of 01/01/06.

For converted assets and assets that are loaded through the Transaction Loader, the default is to book accumulated depreciation to the previous period. However, any accumulated depreciation is booked to the current period:

  1. If you populate the START_PD, END_PD and FISCAL_YEAR fields in the Financial Loader table (INTFC_FIN) with values for the current period.

  2. If the amount in the DEPR field is not 0.