How can I amortize adjustments to capital assets?

Amortize adjustments to capital assets to recognize the financial impact of transactions associated with that asset over a specific period of time, rather than recognizing it immediately.

To indicate that adjustments made to a specific capital asset must be amortized:

  1. Navigate to Projects > Assets.
  2. Click Manage Capital Projects from the side panel in the Assets Overview page that appears.
  3. Search for and select the project that contains the asset for which you want to enable adjustment amortization.
  4. Click Actions > Manage Capital Assets.
  5. Select the asset for which you want to enable adjustment amortization. The asset details become editable, and you can update the asset as required.

    If you need to add an asset to the project, click the Add Row icon. This adds a row to the Manage Capital Assets table, and you can specify details associated with the asset as required. For details on creating an asset, see How can I create a project asset?

  6. To enable adjustment amortization, click the Depreciation tab above the list of assets and select the Amortize Adjustments check box.
  7. Click Save.