Asset Depreciation Journal Input

Modified on Tue, 13 Feb at 1:23 AM

This topic contains information on and about how to add an Asset Depreciation Journal.

About Asset Depreciation Journal Input:

Use the asset depreciation journal input to enter assets into depreciation journals.

Enter an asset Depreciation Journal Transaction:

In the transactions menu, click Asset Depreciation Journal Input.
The asset depreciation journal input form displays with some fields automatically populated. For help completing the fields, see Table 6: asset depreciation journal input field explained.
Next, do one of the following:
1. Click apply to finalise and clear the grid. The form remains open so you can add more transactions if required.
2. Click 'OK' to finalise and close the form.
3. Click cancel to discard transactions that are not finalised (where you have not clicked 'OK' or 'Apply'). If you have any unfinalised items, LawMaster displays a warning advising you will lose the unfinalised entries. Click Yes to continue and No to keep the items.
  Note: The 'Apply' and 'OK' buttons only enable if there is at least one transaction in the transactions grid. You must click 'OK' or 'Apply' to save your transactions.
  Note: To avoid missing transaction numbers, LawMaster allocates the journal number only after saving the transactions.
When you click OK or apply, LawMaster assigns a journal number to each journal input.

Field	Description
Asset	Click the ellipsis and select the unique identifier of the asset record.
Depreciate From	Automatically populated with the depreciation date.
Depreciate To	This field is automatically populated with the current date. To change the date, click the arrow and select from the date picker or enter the date in dd/mm/yyyy format. Notes: If your system administrator sets the Accounting Period parameter to Do not allow postings to a prior year then all transactions must be dated on or after the year beginning date and LawMaster updates the asset master control file field Depreciation Taken YTD. If your system administrator sets the Accounting Period parameter to Allow Postings to Prior Year then transactions dated prior to the year beginning date are posted to the asset master control file field Depreciated Value Brought Forward.
Depreciation Amount	Enter the depreciation amount.
Narrative	Enter the details of the depreciated asset.

For more advanced Information on this topic: In LawMaster see Help > System Overview or Context Help.

You can also: enter an asset depreciation journal transaction from the Main Menu > Accounting > Assets > Asset Depreciation Journal Input.

Instead of clicking the ellipses, you can:

On your keyboard, tab to the field and press F5 to access the search form
Type the code or number directly into the field, if you know it
Press tab on your keyboard to move your cursor to the next field on the form

Instead of clicking OK or Save

Press F2 on your keyboard close forms without saving:
On your keyboard, press esc
On the form, click cancel