Related reports and inquiries

The Asset Management application provides year-end reports that are used to gather information on:

  • Assets

  • Items

  • Asset book depreciation

  • Asset Management interface with other Lawson systems

  • Values used in tax reporting

Reports Used to Gather Asset Information

Run one of these year-end reports for additional asset information.

To Use
List assets added during a specified in-service or purchase date range or all recent additions that have not been updated yet Addition Report (AM220)
List assets adjusted during a specified adjustment date range or all recent adjustments that have not been updated yet Adjustment Report (AM225)
List assets transferred during a specified transfer date range or all recent transfers that have not been updated yet Transfer Report (AM230)
List assets disposed of during a specified disposal date range or all recent disposals that have not been updated yet Disposal Report (AM240)
List future depreciation for assets Projection Report (AM255)
List asset financial information by book Asset Report (AM260)
List property assets, including asset basis, asset book value, year-to-date depreciation, and life-to-date depreciation values Property Report (AM265)
List property assets for Part 32 (Class Level) books only. Continuing Property Records (AM266)

Reports used to gather item information

Run one of these year-end reports for item information.

To Use
List items transferred during a specified transfer date range or all recent transfers that have not been updated yet Item Transfer Report (AM235)
List items disposed of during a specified disposal date range or all recent disposals that have not been updated yet. Item Disposal Report (AM245)

Reports used to gather asset book depreciation information

Run one of these year-end reports for asset book depreciation information.

To Use
Report on current year-to-date depreciation by book Current Year Depreciation Report (AM280)
Generate a report of period, year-to-date, and life-to-date depreciation for asset classes by company, asset accounting unit, and asset account. Class Depreciation Report (AM282)
Generate comparisons of asset book depreciation information for two books Book Comparison Report (AM285)
Generate a report of historical depreciation information including Accumulated Depreciation. Depreciation History Report (AM281)

Reports used to gather application interface information

Run one of these year-end reports for information on how Asset Management is interfaced with other Lawson applications.

To Use
Review general ledger account transactions posted to General Ledger by company and account number Account Balance Report (AM270)
Review general ledger account transactions posted to General Ledger by company and transaction type Transaction Report (AM275)
Review journal entries with activity codes posted to Project Accounting by company and activity Activity Report (AM277)

Reports used to gather tax reporting information

Run one of these year-end reports to gather Asset Management information for use in tax reporting.

To Use
Review first-year expense elections or tax credit elections by book (use this report to help complete U.S. tax form 3468) Tax Credit Report (AM290)
Review depreciation and tax credit recapture information on an asset book (use this report to help complete U.S. tax forms 4797 and 4255) Recapture Report (AM292)
Review the income tax payable accrual FASB Reconciliation Report (AM295)