peoplesoft asset management (am)

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County of Riverside Office of the Auditor-Controller PeopleSoft Asset Management (AM) Hank Johnson Supervising Accountant Internal Audits – Specialized Accounting Capital Assets

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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 - PowerPoint PPT Presentation

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Page 1: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management (AM)

Hank Johnson

Supervising Accountant

Internal Audits – Specialized Accounting

Capital Assets

Page 2: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management (AM)

Adding Assets

Depreciation Calculation

Page 3: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management (AM)

Adding Assets

- Manual Method

- Interface Method- Advantages vs. Disadvantages

Page 4: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management (AM) Manual Method

Capital Leases Constructed Assets Donated Assets

Interface Method Purchased Assets Non-Capital Assets

Page 5: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

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

Page 6: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management

• Interface Method (Continued)

• Step 1

• Mark Asset Check Box and select Profile ID on AP Voucher

Page 7: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management

Page 8: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management

Page 9: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management

• Interface Method (Continued)

• Step 2

• Mark Auto Approve Status Check Box

Page 10: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management

Page 11: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management

Page 12: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management

Page 13: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management

Page 14: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management

Page 15: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management

Page 16: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management

Page 17: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management

Page 18: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management

• Interface Method (Continued)

• Step 3

• Change Useful Life and Save

Page 19: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

Page 20: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management

Interface Method (Continued)

Easy as 1-2-3

Page 21: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management

• Interface Method (Continued)

• Advantages

• Disadvantages

Page 22: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

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

Page 23: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management

• Disadvantages

• None

Page 24: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

PeopleSoft Asset Management (AM)

Depreciation Calculation

- Calculated Monthly

- Journal Generated to GL

- Supplemental Ledgers

GOV_AC_GRP (Governmental Fund)

PROP_CP_AS (Proprietary Fund)

Page 25: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

Questions

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?

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Page 26: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

The End

Page 27: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller

Page 28: PeopleSoft Asset Management (AM)

County of Riverside ■ Office of the Auditor-Controller