Description of Issue
How to split one asset into two
Context
Capital Assets
Cause
Two assets mistakenly created as one
Resolution
There is no functionality to split an existing asset. Instead:
- Process an Adjustment transaction to reduce the value to only reflect one asset
- In New Assets, create and post a new asset for the value removed from the original asset
- If desired, the new assets can then be linked to the original asset: How to create a parent and subsidiary relationship for capital assets
Additional Information
Add Comment