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Hi all! I am new to the asset management module within PeopleSoft. Can any of you provide any tips / tricks / best practices from your experiences within your organization? My biggest question at the moment relates to timing of posting depreciation / accounting entries each month. Are there any downfalls/risks to posting the accounting entries and closing AM on a different schedule than the GL?
Some of our business users have expressed the desire to have fixed assets closed earlier in the month (ex. closing April 2021 on April 15, 2021) while our April GL remains open through the full calendar month. Do any of you happen to have experience with something like this?
Any help or advice is greatly appreciated!