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PeopleSoft Asset Management (AM)

PeopleSoft Asset Management (AM). Hank Johnson Supervising Accountant Internal Audits – Specialized Accounting Capital Assets. PeopleSoft Asset Management (AM). Adding Assets Depreciation Calculation. PeopleSoft Asset Management (AM). Adding Assets - Manual Method

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PeopleSoft Asset Management (AM)

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  1. PeopleSoft Asset Management (AM) Hank Johnson Supervising Accountant Internal Audits – Specialized Accounting Capital Assets

  2. PeopleSoft Asset Management (AM) • Adding Assets • Depreciation Calculation

  3. PeopleSoft Asset Management (AM) • Adding Assets - Manual Method - Interface Method - Advantages vs. Disadvantages

  4. PeopleSoft Asset Management (AM) • Manual Method • Capital Leases • Constructed Assets • Donated Assets • Interface Method • Purchased Assets • Non-Capital Assets

  5. PeopleSoft Asset Management • Interface Method (Continued) • Identify Capital Asset at Requisition, Purchase Order or AP Voucher • AP Voucher is the best business practice • Easy as 1-2-3

  6. PeopleSoft Asset Management • Interface Method (Continued) • Step 1 • Mark Asset Check Box and select Profile ID on AP Voucher

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  9. PeopleSoft Asset Management • Interface Method (Continued) • Step 2 • Mark Auto Approve Status Check Box

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  18. PeopleSoft Asset Management • Interface Method (Continued) • Step 3 • Change Useful Life and Save

  19. PeopleSoft Asset Management • Interface Method (Continued) Easy as 1-2-3

  20. PeopleSoft Asset Management • Interface Method (Continued) • Advantages • Disadvantages

  21. PeopleSoft Asset Management • Advantages • Eliminates double entry • Minimizes keying errors • Provides Audit Trail • Updates the General Ledger in a more timely fashion • Allows Capital Asset Payments to process in a timely manner

  22. PeopleSoft Asset Management • Disadvantages • None

  23. PeopleSoft Asset Management (AM) • Depreciation Calculation - Calculated Monthly - Journal Generated to GL - Supplemental Ledgers GOV_AC_GRP (Governmental Fund) PROP_CP_AS (Proprietary Fund)

  24. Questions ? ? ? ? ? ? ? ? ? ?

  25. The End

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