Change Asset Assignments

This example shows you how to change the descriptive details of an asset; transfer assets to different employees, expense accounts, and locations; and adjust the number of units of an asset.

In this example ABC Corporation purchased 20 laptops for the Finance Department. After purchasing the laptops, some descriptive details weren't available and couldn't be entered until later. The asset accountant made a couple of errors and needs to make the following updates to assignments:

• Enter additional descriptive details.

• Change the number of units from 21 to 20.

• Change the expense account from the Marketing Department expense account to the Finance Department expense account.

Change Descriptive Details

1. On the Assets page, click the Update Descriptive Details panel tab.

2. On the Update Descriptive Details page, select VO US CORP in the Book drop-down list.

3. Click Search.

4. Select the asset in the search results table.

5. Click Change Descriptive Details.

6. On the Change Descriptive Details page, complete the fields as shown in this table.

   Field	Value
   Serial Number	123456
   Manufacturer	Dell
   Ownership	Owned
   Bought	New

7. Click Save and Close.

8. Click Done.

Adjust Units

1. On the Assets page, click the Transfer Assets panel tab.

2. On the Transfer Assets page, select VO US CORP in the Book drop-down list.

3. Click Search.

4. Select the asset in the search results table.

5. Click Adjust Units.

6. On the Adjust Units page, the current units shown are 21. Enter 20 in the New Units field.

7. Click Submit.

Transfer Assets

1. On the Transfer Assets page, click Transfer Asset.

2. On the Transfer Asset page, enter 0 in the New Units column for the existing distribution.

3. Click the Add Row icon.

4. Enter the new distribution, which includes the finance department expense account, the employee and the location.

5. Click Submit.