Transfer, Split, or Combine Fixed Assets

Fixed assets can be transferred, split or combined if necessary, utilising the Fixed Asset Reclassification Journal.Journal.

For example, 10 desk chairs are purchased, and the acquisition cost is captured to 1 FA no., later 1 of the 10 chairs are broken and needs to be disposed of.

The Fixed Asset Reclassification Journal can be used to split the FA in order to dispose of 1.

Learn more at Reclassify fixed assets