How to adjust a fixed asset

Released in version: 5.46

Before you can make changes to a fixed asset, the fixed asset must be acquired. See how to acquire a fixed asset before proceeding.

Once the fixed asset has been added to the system and purchased, you can adjust the book cost.

To adjust an asset

The Adjust asset form lets you modify an existing asset.

1. Quick launch Adjust asset.
   
   
2. In Client, select the client who currently owns the asset. Once selected, the available assets will populate in the Assets to adjust list below.
3. In Adjusted book cost, select the new amount for the asset.
4. Press Enter on your keyboard. The Adjustment column will update with the difference between the Current book cost and the new Adjusted book cost you just entered.
5. Click Submit.
6. Click Client administration > Lists > Unposted transactions.
7. Locate and right-click the Adjust asset transaction and select Approve.