If you have KW Debt, Depreciation, and/or Amortization, you should have set up recurring Journal Entries in your Start-Up Checklist. In this section, you will verify that they have been posted. Refer to the KWRI Accounting Guidelines located in the KW Policy and Guidelines Manual found online at KWConnect > Resources > Culture > IALC AND PG MANUAL for information on KWR Debt Allowance.
- In Lonewolf Select – Recurring Journal Entry from Menu F.1.2
- To Post only one Recurring Journal Entry, remove the small check from the box at the bottom right of your screen. Now put a check in the Depreciate Journal Entry and select Post.
- Select the date for the CURRENT MONTH posting and click OK. You will be asked to confirm the posting and that the posting has been made for the selected date.
- In this example, Depreciation/Amortization will be posted and there is no KW Debt into January 15, 2011 and now show up on the January Financials for 2011.