Updating the General Ledger with Adjustments and Transfers

When you make adjustments or changes that affect your general ledger, PeopleSoft Asset Management automatically creates corresponding journal entries that update the applicable accounts in your general ledger. Specifically, journal entries are created when your changes require recalculation or when an asset is transferred. The information that is used to create these journal entries comes from an Accounting Entry template that is set up for adjustments and transfers.