Fixed Asset Conversion in the last month of the current fiscal year FY25 — Cloud Customer Connect
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Fixed Asset Conversion in the last month of the current fiscal year FY25

in Assets 2 comments

Summary:

We are going live in Oct-2025 which is the start of the fical year FY26 (Oct-25 to Sep-26)

Client wants to convert the Fixed Asset balances for Additions in Sep-2025 (FY25), by running depreciation in legacy system for Aug-2025.

After the asset balances are converted, the depreciation will be run in Cloud and legacy system for Sep-2025, to verify the balances.

The client is moving away from Yearly mode of running depreciation once in legacy system to monthly mode in Cloud.

Given this scenario,what are the pros and cons of this conversion approach?

What about assets retired in the fiscal year (FY 25)? Do we need to convert it to Cloud?

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