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Merging multiple assets into one
Merging multiple assets into one
Description of Issue
- How can multiple assets be merged into one?
- How can you combine assets?
Context
Capital Assets
Cause
Multiple assets were added instead of adding improvements to one asset
Resolution
There is no functionality to merge assets.
Instead:
- Process Retirement transactions for all assets except one, making sure to set the depreciation flags to N before retiring - How to retire an asset
- Process Improvement transactions for the remaining asset to add value to it- How to improve an asset
Or:
- Link the multiple assets together by using the Parent field - How to create a parent and subsidiary relationship for capital assets
Additional Information