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NSC | FAM > Change the Asset Type of Depreciating Assets

edited Feb 22, 2023 1:23PM in Accounting / ERP


User wants to change the Asset Type of an Asset that has already started depreciating in periods that are closed.


  1. Asset Transfer
  2. Update Depreciation Schedule
  3. Change the previous Depreciation Histories manually or through a CSV import


Sample Asset:

Asset Transfer:

  1. Go to Fixed Assets > Transactions > Asset Transfer 
  2. Asset ID/Name: Choose the Asset
  3. Transfer Date: Select the date that should be on or before the last depreciation. The Last Depreciation Date field is available on the right side so you can check
  4. Asset Type: Select the Asset Type you want to change it to
  5. Click on Process Transfer

Refer a Member | Answer Accepter

Micah Timbol | Basic and Advanced Accounting, OTC Guru

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