Because Asset Management is a part of financial applications, one of its important functions is to maintain accounting entries for various asset transactions. We saw that PeopleSoft offers the following delivered transaction types:
ADD, ADJ, TRF, RCT, DPR, PDP, RET, LPY, and
INF. These represent various transactions for which accounting entries are created.
In PeopleSoft AM, there are two different processes that create accounting entries:
Every time a transaction such as asset addition, adjustment, ...