Visma.net ERP
About fixed asset adjustment transactions
Generally, transactions related to fixed asset maintenance (such as the acquisition or
depreciation of assets) are created in the system automatically right after you create or
depreciate an asset.
You can review the list of transactions related to a particular asset on
the Transaction history tab of
the Fixed assets (FA303000) window.
Nevertheless, sometimes you may need to change fixed asset amounts posted in the system, such as the amount of the depreciation of the selected fixed asset in a particular period (for example, when you need to allocate the depreciation expenses between the financial periods), or the depreciable basis for the asset (when the cost of an asset has been changed, usually decreased, since you acquired it).
In these cases, you can create an adjusting transaction manually by using the Fixed asset transactions (FA301000) window.
An amount of your transaction that you create on
this window will update a required amount (depending on the transaction type that you have
specified).
When you create a new transaction, you need to select an asset, the book that will be affected, and the type of transaction being created, and you should specify the transaction amount.
You can manually create the following types of adjusting transactions:
Purchasing +
Through this transaction, the depreciable basis of the fixed asset specified in the transaction will be updated, so that since the period of this transaction, the depreciation will be calculated according to the recalculated depreciable basis.
This transaction can be illustrated as follows (if the default accounts are selected).
| Account | Debit | Credit |
|---|---|---|
| Fixed assets account | Amount | 0.0 |
| Fixed assets accrual account | 0.0 | Amount |
As a result of this transaction, the system updates the current cost of the fixed asset (the Current cost field on the Balance tab of the Fixed assets (FA303000) window) and the depreciable basis (the Basis field on the Balance tab of the Fixed assets (FA303000) window) to calculate the depreciation expenses of the selected asset.
Depreciation+
-
Through this transaction, the depreciation amount calculated in a particular period for the fixed asset specified in this transaction will be updated.
This transaction can be illustrated as follows.Account Debit Credit Depreciation expense account Amount 0.0 Accumulated depreciation account 0.0 Amount
The system updates the amount in the corresponding box of the table (the Depreciated field on the Depreciation history tab in the Fixed assets (FA303000) window) immediately after you have released the Depreciation+ transaction.
This adjusting transaction will affect the selected book only.
Related concepts
About changes in fixed asset estimates
Fixed assets windows - overview
Related tasks
Change net book value of an asset
Change the salvage value of an asset
Change the useful life of an asset
Convert purchased items to components of a fixed asset
Delete an unreleased fixed asset transaction
Release a fixed asset transaction
Related windows
