Future Calendar (AM01.3)

Use Future Calendar (AM01.3) to define a future asset processing calendar for a book. Define a future calendar if you expect next year's calendar structure to be different from the current year's calendar structure. If you do not set up a future calendar, Asset Management uses the same structure as the current calendar to calculate depreciation projections for real or simulated assets.

Process at a Glance

  1. Define at least one depreciation book.

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

    1. (Optional) Define an historical calendar (AM01.2)

    2. (Optional - this step) Define a future calendar (AM01.3)

  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 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.

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