Mass asset adjustments

Use the mass asset adjustment to adjust multiple assets.

After creating mass changes to asset and asset book data, the system-generated Global Ledger journal entries are automatically added and cannot be changed or rejected online. Changes to these transactions are limited to updating the code block. Additional transactions can be added to the unreleased adjustment but the transactions for the asset must be balanced before the release.

These are the fields that can be adjusted:

Company
Location
Division
Asset group
Transaction Dimensions

For example, you can change the type, transaction dimensions, or dimension code for several assets within the same company, location, or division. You can use mass adjustments if a corporation has reorganized its Global Ledger reporting hierarchy and is required to move all assets to accounting that are currently in administration.