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
Capitalizing Assets from AC to AM
Home
Forums
Jobs
LawsonGuru
LawsonGuru Letter
LawsonGuru Blog
Worthwhile Reading
Infor Lawson News Feed
Store
Store FAQs
About
Who's On?
Membership:
Latest:
chaoticist
Past 24 Hours:
2
Prev. 24 Hours:
0
Overall:
5185
People Online:
Visitors:
229
Members:
0
Total:
229
Online Now:
New Topics
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
Infor ION
ION vs IPA
2/29/2024 1:24 AM
We had a person new to Lawson and Infor go to Info
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
1348
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
Capitalizing Assets from AC to AM
Sort:
Oldest First
Most Recent First
You are not authorized to post a reply.
Author
Messages
johnmessina
New Member
Posts: 4
9/5/2009 12:01 PM
Greetings All!
I have a question I'm hoping someone can help me with, regarding the capitalization of assets from the Activities module to the Asset Management module.
I'm interested in learning the "official" process in transferring costs from AC to AM, that is, the way the developers designed for the System to work. I would imagine this method would encompass an entry that reduces the balance in the specific activity itself, while increasing a corresponding fixed asset account, or something to that effect. You would also then be able to print some type of report that would allow you to see the historical transactions in that activity?...
We currently don't directly reduce our Activities Module/ GL balance, but use a contra account, reflecting capitalized assets, to net the gross Activities balance against. In essence, our Activities Module balance continuously grows w/o being reduced, due to what I believe was urgency in getting items booked. This can't be the way the program was designed!
Thanks for your help! It is GREATLY & genuinely appreciated!
All the best,
John
Adam Jacobson
Veteran Member
Posts: 69
9/7/2009 7:14 PM
My brief answer is that things should clear out.
Rather than right a long answer (especially as I don't know the details of what your doing), I'd suggest you check out the Project Accounting user guide. - Chapter 18 (version 9) available on mylawson.com (just search for projects user guide under my support)
They have several examples of how the entries flow with AP175/AC190/AC160/AM170
Kevin Hagan
Advanced Member
Posts: 30
9/8/2009 4:21 PM
While I think it is wise to have the system set up to reduce your AC system balance upon capitalization, remember to accomplish this you do not necessarily need to reduce the balance on the activity being capitalized. By not reducing the balance on the activity being capitalized you allowed the canned AC reporting to show balances without having to select category options.
In the end I think it depends a great deal on how you are/aren't using the AC module for reporting or tracking capital exspense.
Sherry Shimek
Advanced Member
Posts: 43
10/1/2009 1:25 PM
We capitalize our assets primarily using Activities. We post the purchases to a gl clearing account and the activity with the account category of the intended asset such as fixed equipment. When we capitalize the asset, we use AC10.3, AC160, and AM15.3. The dollars are moved from the gl clearing account to the asset account using a default activity so the costs flow in and out of the default activity. We leave the costs in the activity when it is capitalized so the costs are still applied to the budget. We use a cost cateory of CAPC for the capitalization process so we can see the costs were capitalized on AC reports.
If you want more detailed instructions ir have any questions, please contact me.
You are not authorized to post a reply.