Creating future calendars

  1. Select Financials > Asset Accounting > Asset System Setup > Calendars.
  2. Select a book record.
  3. Select Actions > Create Future Calendar.
  4. Specify this information:
    Total Periods
    You can override the total number of depreciation periods for the current fiscal year. The number must match the total number of periods that is specified in the Per field for all the calendar periods. Valid periods are from 001 to 375. You can override the existing total period.
    From Date
    Select the first day of the year for a depreciation schedule. You can override the date.
    To Date
    Select the last day of the year for a depreciation schedule.
    Required Book
    If you select this check box, then the book is automatically shown on Books when you create a new asset.
    Posting Book
    Select this check box if the book is a posting book that is used by all assets to post journal entries to the Global Ledger. You can assign only one posting book to a company.
  5. In the Period End Dates section, specify this information:
    Number of Periods
    Specify the number of depreciation periods that occur in this calendar period. The total number of periods you specify for the entire calendar must match the value of the Total Periods.
    Period End Dates
    For each period you specify, you must select an end date that represents the date on which the depreciation is calculated and processed. The last period end date must match the calendar year end that you specified in the calendar header.
  6. Click OK.