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Finance | Project Operations, Human Resources, ...
Suggested Answer

Change the Fixed asset Book, in a Fixed Asset Reclassification

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Posted on by 5

Hello Community,

When I run a reclassification of a Fixed Asset,the system changes the fixed asset group, but the books from the original fixed assets remains the same, although these ones are not related with the new group. 

Is there a possibility to automatically change the book from the one related to the new group?

Thanks in advance

I have the same question (0)
  • Suggested answer
    saurabh bharti Profile Picture
    15,039 Moderator on at

    Why don't you reclassify to new asset number while changing group ?

    Did u use recalcification under periodic? or fixed asset group change?

  • Suggested answer
    Gaurangkumar Jani Profile Picture
    4,544 User Group Leader on at

    Hi Victor,

    In this case you need to use "Fixed Assets Split" functionality.

    pastedimage1645554797880v1.png

    Please try this one and split entire asset to new Assets.

    Thanks,

  • Victor Romero Profile Picture
    5 on at

    But then, how should I proceed if I have a book for fixed asset under construction and another for, f.e. buildings? I should reclassify and assign the correct books that allows to depreciate it.

  • Suggested answer
    Gaurangkumar Jani Profile Picture
    4,544 User Group Leader on at

    Hi Victor,

    No it's not practical.

    As existing book contain the balance of fixed assets system can not transfer to new Book.

    Alternative solution:

    Scrap the FA and Create new FA based on OLD Details.

    Thanks,

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