Work Order Close

Once work order tasks are executed, the actual costs of labor transactions, materials issuances and returns to stock in PeopleSoft Inventory, procured items from PeopleSoft Purchasing and PeopleSoft Payables, and tool costs are collected and loaded to the PeopleSoft Project Costing system. You can indicate in the work order business unit or the work order type the grace period between when a work order task is marked complete and when it is closed.

These activities are performed when you close a work order task:

• The costs for an asset that is associated with a work order task, along with asset downtime, are updated in the asset's Maintenance History in PeopleSoft Asset Management, and currency conversions are performed from the currency that is specified in the work order business unit.

• For work order tasks that are associated with work order-managed projects, the capitalization limit rules that are set up in PeopleSoft Maintenance Management are validated, and the capitalization information is updated in PeopleSoft Project Costing.

  Also, the retirement of an asset is validated in PeopleSoft Maintenance Management and the retirement rules are updated in PeopleSoft Project Costing.

• For chargeback costs for work order tasks that are associated with a work order-managed project, the chargeback information in the work order is validated and the work order transaction is priced in PeopleSoft Project Costing. The Pricing engine then sets the GL distribution status (GL_DISTRIB_STATUS) to hold until the work order task is closed in PeopleSoft Maintenance Management. Once the work order task is closed, the GL distribution status is set to costed so that the accounting engine can process each transaction row.

• The Work Order Task Status History and the Work Order History are updated.

• The Cost Summarization process is automatically run, which updates the actual costs in the Costs page of the work order.

Once all of the work order tasks are closed, the work order is automatically closed.