NetAsset - Editing an Asset's Department, Class, and Type After the Asset has Been Capitalized

To modify an asset's department, class, and/or type after the asset has been capitalized, the asset needs to be in an unlocked status. Follow the steps below to unlock and edit the asset.

*Note that any changes made to the asset's department, class, or location (or other locked fields that flow through to transaction records) will be reflected prospectively in depreciation and other related records, but not retroactively. To retroactively apply the changes to related transactions, you may perform an asset transfer instead. 

Step by Step Process

1. Edit the asset
2. Uncheck the "LOCKED (TRANSACTIONS RECORDED)" box located under the "Accounting" tab in the "Systems Controls & Overrides" section.   View full size
3.  Click Save
4. Edit the asset and update the Department, Class, and/or Type
5.  Recheck the "LOCKED (TRANSACTIONS RECORDED)" box located under the "Accounting" tab in the "Systems Controls & Overrides" section.  
6. Save