Creating history calendars

  1. Select Financials > Asset Accounting > Asset System Setup > Calendars.
  2. Select a book record.
  3. Select Actions > Create History Calendar.
  4. Specify this information:
    From Date
    Select the first day of the year for a depreciation schedule.
    To Date
    Select the last day of the year for a depreciation schedule.
    Original Year End Date
    If the actual historical year is a short year, then specify the original year-end date. It is used for recalculating depreciation on the short year-end days.
    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.
    Periods Closed
    You can override the number of periods that are already closed in the calendar. The number affects the depreciation calculations for the rest of the year. When the calendar is in effect, the Periods Closed is updated every time you close a period. You can override the existing closed period.
    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.
    Short Year
    Select this check box if the calendar contains a year that is shorter than a normal year.
  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 that you define, you must select an end date. The end date 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.