FASB 13 Straight-line Accounting Entries
(Formerly Real Estate Management)
Did you know that PeopleSoft Lease Administration has the capabilities to meet your straight-line accounting requirements? PeopleSoft Lease Administration can help your organization provide more accurate accounting information, reduce errors and reduce processing time.
All you have to do is setup your lease payment schedule and the straight-line accounting feature can automatically create your necessary journal entries in compliance with FASB 13. This process can be run with multiple options and tailored to fit your accounting process.
By utilizing the straight-line accounting your Real Estate Department can focus on what it does best – managing the lease portfolio and lease payment schedules. Your Finance Team will automatically have the straight-line journal entries they need so they can focus on what they do best – managing the General Ledger. Regardless of the payment schedule length, amounts, concessions, etc., PeopleSoft Lease Administration can automatically calculate the straight-line journal entries you will need each month and automatically post the straight-line journal entries to your specific GL accounts. All this without requiring any additional effort from either team and delivered within a timely manner.
You are probably saying to yourself, “This CANNOT be true!” Well, I am here to tell you – it IS true and PeopleSoft Lease Administration has made it ALL possible. Click here to contact us today to learn more.
Thank you for reading and be sure to read our other Real Estate Management BLOGS too.
Steven Brenner, CPA
Senior Principal Consultant
PeopleSoft Mobile Inventory has been around for quite some time. As most know, it is a mobile extension of PeopleSoft Inventory and Purchasing to hand-held scanning devices. Previously we would have to leverage ADF (application development framework) or the middleware between the hand-held and PeopleSoft FSCM. However, with the delivery of FSCM Image 14, Oracle delivered some high priority transactions leveraging the FLUID user interface. This removes the dependency with ADF (although that is still a viable route) and makes Mobile Inventory enabled on a very familiar and consistent platform and toolset. This allows for easier deployment as well as adding FLUID content for additional mobile functionality. It also allows for the use of any HTML 5 compliant device. So mobile users can use rugged iPads with bar code readers for example, and nothing additional needs to be deployed.
With Image 14, Oracle delivered Par Count, Par Count Ad hoc, Guided Count, Count by Location, Count by Item, Express Issue and Receiving Ad hoc. With Image 18, Oracle added additional transactions including Manual Count, Picking Feedback, Delivery, Delivery Cart, Perform Putaway, PO Receiving, Item Stock Inquiry, Fulfillment Inquiry, Bin to Bin Transfer and Adjustments.
PeopleSoft Mobile Inventory requires a connection to the PeopleSoft database to work. In some cases with customers having remote locations or warehouses without Wi-Fi, this drove them to a different solution using handheld devices. Keep in mind, especially with the use of HTML 5 compliant devices like tablets and iPads, they can come with cellular connections built right in allowing for a broader use in areas that may not be Wi-Fi connected. Keep that option in mind when considering PeopleSoft Mobile Inventory.
If you would like additional information on PeopleSoft Mobile Inventory, please contact me at firstname.lastname@example.org.