Business Rules
• The asset must be an active asset. The asset status must be (A, C, S, and U). If the asset is retired the user can not select the payment document from the action list.
• A payment document cannot be issued against an asset with a pending document.
• Financial Documents: General Error Correction, Year End General Error Corrections, Distribution of Income/Expense, Year End Distribution of Income Expense, Procurement Card, Cash Receipt, Service Billing, and the Internal Billing Document.
• Purchasing/Accounts Payable Documents: Payment Request, Credit Memo
• Capital Asset Management Documents: Transfer, Retirement, Merge, Separate.
• A warning is presented when the object code on the payment is not in agreement with the object code of previously processed payments.
• Edit will allow object codes with-in the same asset category.
• Financial Object Subtype Codes included in parameter OBJECT_SUB_TYPE_GROUPS, component Asset.
• Future posting dates are not allowed.
• Asset Transfer Payment Code is set to “N”.
• No ledger entries are created. Document Type MPAY should not be used if ledger entries are not in agreement.
Asset Retirement Global