Journal entries

Infor Public Sector records debit and credit journal entries for every asset valuation transaction. Journal entries are added to the AssetValuationJournal table using the debit and credit budget numbers defined in Journal Setup.

See Assigning budget numbers for asset valuation journals.

As a best practice, we recommend that you create journal entries for each period immediately after the period id depreciated. Creating journal entries for multiple depreciation periods at the same time can lead to errors in your financial statements.