Login
Register
Search
Home
Forums
Jobs
LawsonGuru
LawsonGuru Letter
LawsonGuru Blog
Worthwhile Reading
Infor Lawson News Feed
Store
Store FAQs
About
Forums
Financial Management
Lawson S3 Financials
Asset Management with 2 books??
Home
Forums
Jobs
LawsonGuru
LawsonGuru Letter
LawsonGuru Blog
Worthwhile Reading
Infor Lawson News Feed
Store
Store FAQs
About
Who's On?
Membership:
Latest:
Chris Radcliffe
Past 24 Hours:
0
Prev. 24 Hours:
0
Overall:
5187
People Online:
Visitors:
364
Members:
0
Total:
364
Online Now:
New Topics
S3 Customization/Development
Cobol - Extract Current Time
4/24/2024 7:21 PM
How do you extract just the Current System Time in
Lawson Landmark
LPL INSTR Functions
4/5/2024 8:32 PM
I'm writing a simple report using the Create R
Infor SCM
Translating 856 to get the ~ REF^CN^ field
4/3/2024 8:24 PM
We are trying to get the tracking number which is
IPA/ProcessFlow
Sample XML file create Flow
4/3/2024 3:43 PM
Hello everyone, I am new to creating XML files
Lawson S3 HR/Payroll/Benefits
bn105 error message
3/26/2024 6:40 PM
I need to change some of the set ups in our Life I
IPA/ProcessFlow
IPA executing Job
3/13/2024 7:08 PM
New to the IPA world and was wondering, can an IPA
Lawson S3 HR/Payroll/Benefits
Life Age Reduction on benefits plans
3/12/2024 7:15 PM
For our optional life we have an age based coverag
Lawson S3 HR/Payroll/Benefits
BN53.1 Add-In
3/7/2024 3:31 PM
We are migrating to Solstice. They require a
Lawson Business Intelligence/Reporting/Crystal
Domain Name Change
3/5/2024 7:45 PM
Our domain name needs to change and was hoping I c
S3 Customization/Development
Cobol calling Shell Script
2/29/2024 1:27 PM
Has anyone created or modified a Lawson Cobol prog
Top Forum Posters
Name
Points
Greg Moeller
4184
David Williams
3349
JonA
3288
Kat V
2984
Woozy
1973
Jimmy Chiu
1883
Kwane McNeal
1437
Ragu Raghavan
1351
Roger French
1311
mark.cook
1244
Forums
Unanswered
Active Topics
Most Liked
Most Replies
Search Forums
Search
Advanced Search
Topics
Posts
Prev
Next
Forums
Lawson S3 Financials
Asset Management with 2 books??
Sort:
Oldest First
Most Recent First
You are not authorized to post a reply.
Author
Messages
maluhia1979
Basic Member
Posts: 5
10/20/2014 3:48 PM
My company is trying to create 2 separate books for our asset management. I created a second book as non-posting. This book needs to always contain the historical book value (i.e. can never be impaired over the life of the asset).
The original book should have all regular functionality.
The hope was that we could create one asset template that will post a newly created asset to both books, but as adjustments are made over the life of the asset, only the posting book would be updated. This way we would not have to individually create an asset for each book each time.
Is this even possible??
In Lawson test, I created such a template and was able to add an asset to both books with one template. However, when I went to impair the asset, it said that the non-posting book was not defined for that asset. I tried deleting the automatic journal entry to the non-posting book, but that didn't work. It wouldn't let me release. :blink:
Any suggestions??
jjcyeshua
Veteran Member
Posts: 49
10/20/2014 8:09 PM
Can I ask what is the primary purpose of having another book other than maintaining a list of assets with their original cost basis... Also when making an adjustment, make sure that you use the right book to process it..
maluhia1979
Basic Member
Posts: 5
10/21/2014 1:48 PM
Medicare reporting requirements vs. GAAP requirements. Medicare won't allow asset impairment.
My issue with having one template to create an asset on both books is that when I try to adjust the asset later, I have to put a basis in for both books. If I try to delete the auto-generated non-posting book, then I get an error message that the non-posting book is not defined for the asset. My current workaround is manually entering the original basis in that book and letting Lawson calculate the new basis on the posting book. This works well for test where I only have a few line items on each asset, but in practice some of our assets have up to 35 or more line items. This creates a lot of room for error if the originally book basis has to be calculated and manually entered in the non-posting book.
jjcyeshua
Veteran Member
Posts: 49
10/21/2014 4:11 PM
Have you defined the AM01.1 - non Posting for the Non-Posting book?
maluhia1979
Basic Member
Posts: 5
10/21/2014 6:57 PM
yes
jjcyeshua
Veteran Member
Posts: 49
10/21/2014 10:52 PM
Where are you trying to make an adjustment? AM20.4?
maluhia1979
Basic Member
Posts: 5
10/22/2014 11:52 AM
AM20.3
Then AM20.4 shows the basis of both books. Both books autopopulate with the same adjusted value based on the line items in AM20.3. However, I am having to change the non-posting book manually to the original, non-impaired book basis. I took screen images, but the website is prompting me for login credentials to post, and my lawsonguru login credentials aren't working for that purpose.
jjcyeshua
Veteran Member
Posts: 49
10/22/2014 7:48 PM
Can you tell me what are the things you are adjust on AM20.3? Have you thought of using MS Addins to update AM20.4 or AM20.3? - Also sent you Private Message
You are not authorized to post a reply.