Assets - Mass Reclassification
Director of Fixed Assets Accounting
The Director of Fixed Assets Accounting is responsible for ensuring that this document is necessary, that it reflects actual practice, and that it supports corporate policy.
M > Mass Transactions > Reclassifications
1. Key in the criteria necessary to identify the assets you want to reclassify.
Note: In this example we reclassify all the assets in Category 21.51.544.0000 to Category 22.51.544.0000.
2. Click [Preview] to view the results of this query.
3. When activated, click [Review] to review the output. An example of output follows:
Important! Always check the two boxes labeled:
If these boxes are not checked any information in the Asset Category Descriptive Flexfield will be lost and the assets will not have the new depreciation rules.
Note: Do not check the "Amortize Adjustments" box. UVA does not amortize adjustments.
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