Asset Mgmt conversion

gwhiteford

We recently purchased a new company and need to convert their assets to Lawson AM. Our tax dept wants them loaded with "historical" cost but GAAP Accounting says we need to report them as "net" cost. Is there a way to store both costs besides creating a separate "taxbook"?
We also ran one test and input the assets at historical cost and this throws our GL out of sync with AM.