How do I change an asset description or dates?
You might change an asset description or dates to correct errors, improve accuracy, or reflect updated information about the asset. Updating descriptions helps make assets easier to identify and track, while changing dates ensures depreciation, reporting, and financial records are calculated in the correct accounting periods.
Changing an asset description
1. Open Connect Asset Management > Assets > Modify Existing Assets.
2. Look up an asset.
3. Highlight the asset description and then replace it with the new asset description.
4. Click Save (CTRL+S).
The asset description is updated and saved.
Changing asset dates
1. Open Connect Asset Management > Assets > Modify Existing Assets.
2. Look up an asset.
3. Highlight the asset date and then replace it with the new asset date.
4. Click Save (CTRL+S).
The asset description is updated and saved.
Changing asset amounts
You should not use Modify Existing Assets to change asset amounts. If you need to change asset amounts, you can use Adjust Assets or Enter Manual Transactions. For example, use Adjust Assets to change the acquisition amount.
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