Amend fixed assets

Use this to make changes to the fixed asset record. If there have been no depreciation postings for this asset, you can amend any information apart from the Asset Reference. If there have been depreciation postings, you can amend the Description and the Analysis details.

To amend a fixed asset record

Open: Nominal Ledger > Fixed Assets > Maintain Asset.

  1. Select the asset Code.
  2. Make the required amendments to the asset.

    • You cannot amend the Code.

      If you need to change the code, you can delete the asset and add it again.

      If you need to change the code but the residual value of the asset is greater than 0 (zero), you would need to dispose of the asset before you can delete it.

    • If you have not posted depreciation for the asset, you can amend any of the other information.
    • If you have posted depreciation for the asset, you can only amend the Description, Location, Manager, and Analysis 1 to Analysis 3.
  3. Click Save.