Component Changeout to Remove and Install Assets

When a work order task is used to remove or install an asset, the processing works the same way it does for any other work order task. The costs of removing or installing the component are sent to the feeder systems (Inventory, PeopleSoft Payables, PeopleSoft Travel and Expenses, and PeopleSoft Project Costing (tools transaction), which generate the accounting entries that are sent to PeopleSoft Project Costing.

When the status of the removal, retirement, or the install task is changed to Complete the work order sends data to PeopleSoft Asset Management. When the work order task is closed, the Cost Summarization process is run automatically and the actual costs are sent from PeopleSoft Project Costing PeopleSoft Maintenance Management.