Verify KW Debt, Depreciation, and/or Amortization (Lonewolf)

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.

1. In Lonewolf Select – Recurring Journal Entry from Menu F.1.2
   
   
   
   
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.
   
   
   
   
3. 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.
   
   
   
   
4. 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.