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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:

  1. Process Retirement transactions for all assets except one, making sure to set the depreciation flags to N before retiring - How to retire an asset
  2. Process Improvement transactions for the remaining asset to add value to it- How to improve an asset

Or:

  1. Link the multiple assets together by using the Parent field - How to create a parent and subsidiary relationship for capital assets
Additional Information