Schedule_of_Changes_in_Assets

Schedule of Changes in Assets

A Schedule of Changes in Assets is a report that tracks how an asset’s value or status changes over a period of time. It’s commonly used for financial reporting, audits, and reconciliation of fixed assets.

The report typically summarizes:

  • Beginning asset balances
    The value of assets at the start of the reporting period.
  • Additions
    New assets purchased or capitalized during the period.
  • Disposals or retirements
    Assets sold, scrapped, transferred, or otherwise removed.
  • Adjustments or transfers
    Corrections, reclassifications, or movement between asset categories/funds.
  • Depreciation activity
    Current-period depreciation and accumulated depreciation changes.
  • Ending balances
    The final asset values at the end of the period.

In government accounting environments like Caselle, this report is often used to support:

  • Annual financial statements
  • GASB reporting
  • Audit schedules
  • Capital asset reconciliation between the GL and asset system


 

Printing a Schedule of Changes in Assets Report

1. Open Connect Asset Management > Reports > Schedule of Changes in Assets.

2. Select a report title.

3. Enter the Report Dates.

Report Dates is the report date range. The report will use the report date range to select transactions to print on the report.

Do you want to use the fiscal year end as the report end date?

  • Yes, I want to use the fiscal year end. Continue to the next step.

  • No, I want to use a different date. Change the Report Date, or click Advanced Options. 

4. Set up the Summarize by Departments checkbox.

This option allows you to add up the transactions assigned to a department and print the total on the report.

Do you want to summarize changes in assets by departments?

  • Yes, I want to summarize changes in assets by departments. Select the Summarize by Departments checkbox.

  • No, I do not want to summarize the changes in assets by departments. Deselect the Summarize by Departments checkbox.    

5. Set up the Include Report-Only Transactions checkbox.

A report only transaction is recorded and will be updated to the General Ledger as a report only transaction.

Do you want to include report-only transactions on the report?  

  • Yes, I want to include report-only transactions. Select the Include Report-only Transactions checkbox. The routine will print the transactions that will be updated as a report-only. It's a good option to use to make sure the transactions that will be posted are correct.

  • No, I do not want to include report-only transactions. Deselect the Include Report-only Transactions checkbox.  

6. Click Print (CTRL+P).

The report prints.


 

 

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