Function: Fixed asset adjustment

In this function, you can make adjustments to fixed assets. An adjustment is a method to change asset and asset-book related values.

Process: Fixed asset adjustment execution (code: MAS05a)

The objective of this process is to adjust asset or asset-book related values. You can adjust assets and asset books individually or mass adjust a selection. The adjustment can have an impact on restate depreciation, depreciation, or revaluation of the asset. Any financial transaction that is posted to the general ledger can be finalized.

Assumptions:

  • The adjustment transactions are posted to the ledger accounts according to the mapping scheme that is defined for the adjustment.

IT support:

  • LN Financials, Fixed Asset Management