Journal Entries (AM21.5)

Use Journal Entries (AM21.5) to accept, change, or reject the automatically generated journal entries.

AM21.5 automatically displays automatically when an addition or modification to a leased asset requires you to generate general ledger journal entries. You can also open the form independently to view, add, change, or delete journal entries specific to an asset.

Process at a Glance

  1. Define asset header and detail information using Leased Asset Addition and Adjustment (AM21.2).

  2. Define asset item information using Items (AM21.3).

  3. Assign asset books using Books (AM21.4).

  4. (This step) Access, change, or delete system-prompted journal entries using Journal Entries (AM21.5).

  5. (Optional) Verify assets using AM220 and modify as needed using steps 1 though 4.

  6. Release assets in batch (using AM170) or individually (using AM21.2, AM21.3, or AM21.4).

More Information

If you reject the prompted entries, you may need to add journal entries manually at a later time to ensure that the Asset Management and General Ledger systems are in balance.