Current Calendar (AM01.1)

Use Current Calendar (AM01.1) to define an asset processing calendar for a book. Calendars are processing schedules and posting dates that asset books use to calculate depreciation, replacement costs, insurance values, and reporting date ranges. You must define a calendar for each book and for each company that will use that book.

Process at a Glance

  1. Define at least one depreciation book.

  2. (This step) Define a depreciation calendar for the current year (AM01.1).

  3. Define an asset type (AM06.1)

  4. Define an account group (AM05.1)

  5. Define an accounting unit group (AM09.1)

Processing Effect

If you specify more than one period per processing period, be aware that the number you enter in the Total Periods field must be equal to the total number of periods entered in the Per field for the entire calendar. For example, in a 52 (4-4-5) week calendar, the total number of periods is 52, even though the total number of processing periods is 12.

If you are converting from non-Lawson to Lawson Asset Management in mid-year, type the number of periods already closed in the Period Closed field. This is important to ensure the accuracy of depreciation calculations for the rest of the year.

If your company uses system control, the period end dates must be within the GL company period end dates defined on Company (GL10.1) so you can close the Asset Management periods before you close the General Ledger periods.

Related topics