I am not familiar with Assets, but a quick Copilot search gave this:

If it's not helpful, just ignore me.

If you're trying to reject a receipt in PeopleSoft that has an asset associated with it, there are some important system behaviors and limitations to be aware of:

Key Considerations:

1. Asset Already Created from Receipt:
   • If an asset has been created from a unitized PO/Receipt and the receipt is later canceled, PeopleSoft does not automatically retire the physical asset or insert an acquisition detail line to credit the disposed asset 1.
2. Expected Behavior:
   • Ideally, canceling the receipt should trigger retirement of the associated asset and create a credit entry in the PS_ASSET_ACQ_DET table. However, this doesn't happen automatically in some versions (e.g., 9.1 and later).
3. Steps That Lead to the Issue:
   • Create a PO with multiple quantities.
   • Define a physical asset on the PO.
   • Create and process the receipt.
   • Unitize the asset into multiple individual assets.
   • Load assets into Asset Management (AM).
   • Cancel the receipt and interface the cancellation into AM.
4. Workaround or Fix:
   • Oracle recommends manually retiring the asset and inserting the acquisition detail line if the system fails to do so.
   • You may need to consult your organization's PeopleSoft administrator or Oracle Support for patches or configuration changes.

Hi Nick,

Thanks for the info and documentation. I tested and was able to apply a 5% discount to each PO line. But there's nothing on the online PO itself that indicates a price adjustment was made, except by drilling down into the Schedule for each line and clicking on the Price Adjustment icon.

There's also nothing on the printed copy of the PO. It just shows the adjusted prices, without any mention of an adjustment being applied or what the original base prices were.

It also will apply the adjustment to every PO that is created from the contract when we only want it to apply to POs over a specific dollar amount.

What I'm looking for is how to apply a 5% discount to POs over $300. Is there a way to do that? I don't think there is an automatic way for that to happen but wanted to confirm. It seems my only option is to manually add a line onto the PO for a negative dollar amount.