Reclassify fixed assets
To reclassify a fixed asset, you must transfer it to a new fixed asset group or assign a new fixed asset number to it in the same group.
When a fixed asset is reclassified:
All books for the existing fixed asset are created for the new fixed asset. Any information that was set up for the original fixed asset is copied to the new fixed asset. The status of the books for the original fixed asset is Closed.
The new books for the new fixed asset contain the date of the reclassification in the Acquisition date field. The date in the Depreciation run date field is copied from the original asset information. If the depreciation has already started, the Date when depreciation was last run field displays the date of the reclassification.
The existing fixed asset Fixed Time Trade中最重要的事情 Fixed Time Trade中最重要的事情 transactions for the original fixed asset are canceled and regenerated for the new fixed asset.
When an asset that has a transfer transaction has been reclassified, the system will display a message in the Action center to indicate that a transfer transaction wasn't completed during the reclassification Fixed Time Trade中最重要的事情 process. It's necessary to complete a transfer transaction to move the existing reclassification transactions to the appropriate financial dimensions.
During the reclassification process, the system runs the following actions to reclassify the asset balance from the original asset to the new asset.
The reclassification process copies the data from the original fixed asset book to the new fixed asset book.
The reclassification transaction uses information from the original posted acquisition that includes financial dimension information that is included in the acquisition transaction.
At the same time, the reclassification process reverses the original asset acquisition and asset Fixed Time Trade中最重要的事情 transfer transaction.
The following diagram and procedure provide an example of the reclassification process.
Fixed Assets CS
A comprehensive depreciation software is crucial when it comes to managing assets efficiently. With Thomson Reuters Fixed Assets CS, adding, changing, disposing, and transferring assets is quick and simple. This robust fixed asset management software offers a logical, easy-to-follow file folder format, plus Fixed Time Trade中最重要的事情 an intuitive display that shows how depreciation values were calculated. Fixed Assets CS calculates an unlimited number of treatments — with access to virtually any depreciation rules a professional or corporation might need for accurate depreciation.
Transfer a fixed asset
This task guide will transfer the financial information for a fixed asset book from one financial dimension set to a new financial dimension set.
In the Navigation pane, go to Modules > Fixed assets > Fixed assets > Fixed assets.
In the list, find and select the fixed asset to transfer.
On the Action Pane, click Fixed asset.
Click Transfer fixed assets.
In the Fixed Time Trade中最重要的事情 Transfer date field, enter a date.
Enter comments to describe the transfer.
This list shows all books for the fixed asset.
Mark the books you want to transfer to a new financial dimension set.
- This list shows the existing financial dimension values for the selected book.
- Select the financial dimension you want to update for the selected fixed asset book.
In the Financial dimension field, click the drop down button to open the lookup.
Fixed Assets CS
A comprehensive depreciation software is crucial when it comes to managing assets efficiently. With Thomson Reuters Fixed Assets CS, adding, changing, disposing, and transferring assets is quick and simple. This robust fixed asset management software offers a logical, easy-to-follow file folder format, plus an intuitive display that shows how depreciation values were calculated. Fixed Assets CS calculates an unlimited number of treatments — with access to virtually any depreciation rules a professional or corporation might need for accurate depreciation.