Asset Adjustment

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Asset Adjustment is used to make adjustments to fixed assets such as booking the purchase, sale or retirement of an asset, as well as adjustments to depreciation amounts.

Start by filling in the asset adjustment header section. The required fields are Date and Reference Nbr. Reference Nbr is automatically assigned when you save the asset adjustment. Next fill out the asset adjustment transaction section. You can enter as many transaction lines as you need. When the total of all debit transactions equals the total of all the credit transactions, you are done. Click on the Save button in the toolbar to save the asset adjustment to the database.

The following status will appear in the Status Bar when you save a asset adjustment:

•	In Balance – The sum of the values entered in Debit equal the sum of the values entered in Credit.

•	On Hold – The Hold checkbox because you would like to enter additional information for the Asset Adjustment at a later time and do not want to the document to have an effect on financial reporting.

•

Out of Balance – The asset adjustment is incomplete. The sum of the values entered in Debit does not equal the sum of the values entered in Credit. An asset adjustment with a status of "Out of Balance" does not update the General Ledger. The total dollar difference between the debits and credits is displayed in the status bar.

•	The difference between the Debit Total and the Credit Total is displayed beside the Asset Adjustment status in the Status Bar.

To see a list of all existing asset adjustments, click on the Find button in the toolbar.

See also Currency; Asset Adjustment screen.

Fields

Reporting

Transactions By Asset