Period close is a critical time for Asset Management teams. Asset managers are validating activity, reviewing results, resolving exceptions, and preparing to move into the next accounting period. During that process, stability matters. When new asset transactions are entered while close processing is already underway, teams may need to recheck activity, repeat steps, and spend additional time getting to a clean close.
To help reduce those disruptions, PeopleSoft Asset Management introduced Prevent Transactions During Close Cycle in PUM Image 56, delivered on April 7, 2026.
This enhancement gives asset managers a secure way to temporarily restrict Asset Management transaction activity while an accounting period close is in progress. Using the new Secure AM Close page, asset managers can select the applicable business unit, fiscal year, and accounting period, then enable the Restrict AM Transactions option. Once enabled, the system helps prevent new asset transactions from being introduced during the close cycle.
Greater control during close
The Secure AM Close page is designed to give asset managers more control over close processing. When a business unit is secured, non-exempt users are blocked from initiating restricted Asset Management transactions for the selected business unit and period. This helps keep the transaction population stable while the close is being completed.
The enhancement also includes an Exempt User List. Users added to this list can continue processing asset transactions even when the business unit is secured. This gives organizations flexibility when a limited number of users need to complete approved close-related activity while broader transaction entry is paused.
Transactions included in the restriction
When the restriction is active, the system blocks key transaction-level actions for non-exempt users. These include asset adds, lease adds or updates through Asset Management, cost adjustments and transfers, book changes, retirements and reinstatements, disposal worksheet retirements, impairments, revaluations, spreadsheet uploads, asset interfaces, transaction reversals, and changes or deletions to pending transactions.
Asset managers retain full access to transaction functionality, and exempt users can continue processing as needed. Reporting and inquiry functions are not impacted, so users can still view information while transaction activity is controlled during close.
Clear messaging for users
If a non-exempt user attempts a restricted transaction while the close restriction is active, the system displays a clear message explaining that asset transactions are locked for the selected business unit and accounting period. This helps users understand why the transaction cannot proceed and directs them to contact the asset manager for more information.
A smoother close process
After close processing is complete, the asset manager can return to the Secure AM Close page and remove the restriction. Once the lock is removed, users regain access to the restricted transaction types.
With Prevent Transactions During Close Cycle, PeopleSoft Asset Management gives asset managers a practical tool to reduce mid-close disruptions, improve control over transaction activity, and support a smoother, more efficient period close.