Restate Asset Depreciation (tffam1206m000)

Use this session to recalculate asset depreciation that occurred in a prior period for all of an asset's related books. For example, if you import an asset into LN but you did not import its transactions, you can want to restate depreciation for the entire asset for the last year. Also, if you calculated depreciation up to a specified date, but you want to undo the depreciation, you can restate depreciation to an earlier date.

When you restate, LN reverses any depreciation transactions found between the periods you specify. Then, LN recalculates depreciation for the selected periods. If you do not enter a start period, LN restates all depreciation from the asset's in-service date up to the specified end date.

LN creates new journals from the restatements that affect the default book in the General Ledger module. The next time you create journals, LN sends these journals to the General Ledger module.

Depreciation transactions are posted to any period, including future periods, unless a calendar for that period does not exist.

Field Information

Year / Period: Year range through which depreciation will be restated. If the year is 0, then restatement will occur from the in-service date.
/: Period range through which depreciation will be restated.
Suppress Journal Entries: If this check box is selected, journal entries are not created in the General Ledger module for this transaction.
Print Error Report: If this check box is selected, an error report is printed.