Accounting Finance:Asset Split

Overview

• With the asset split function, you can split an asset for partial disposal or for any other reason.
• You can split a single asset several times and new assets can be created from the split one.
• The split function divides the remaining balance for an asset.
• You can split an asset by percentage, acquisition amount or quantity (quantity can only be used on the basis for a split provided that quantity has been entered in field asset quantity on panel Basic information)
• When splitting an asset, you can either leave the remaining amount on the original asset or direct the remaining part towards a new asset, in which case you will no longer be able to work with the original asset.
• When an asset is split, the following applies:

 -The depreciation transactions for the original asset are updated
 -The asset acquisition amount and accumulated depreciation amount is distributed according to the selected split basis (acquisition value, asset quantity or percentage)
 -Asset quantity is distributed provided that asset quantity was used as the basis for the split.

• Note: an asset cannot be split if it is included in a disposal proposal, an update depreciation proposal, an account movement proposal or an inventory list.

Asset Split

• Click Asset Management→Asset management financial tasks→Disposal tasks→Work with split.

1. Enter Asset for Split
2. Enter Remaining on asset (if remaining asset is to be created into new asset)
3. Enter Split basis
4. Click enter and warning will appear "Today's date used as split date"
5. Click enter to confirm

1. Click perform split (left side blue panel)
2. Click enter
3. Click F12