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Fixed Assets CS Support

Transfer assets to a new client at Net Book Value (NBV)

When a business is sold and you want to transfer the assets to a new client with the cost basis being equal to the Net Book Value (NBV) of the assets at the time of transfer, follow these instructions. Fixed Assets CS doesn't have an automatic way of doing this transfer.
As an alternative, you can use the Import/Export feature within Fixed Assets.
  1. Create a custom report by selecting the
    Import Spreadsheet
     as the template and adding the
    Net Book Value
     field for all treatments that will be imported (for example, Tax, Book, etc.). Also add all of the associations that have been set up that will be needed in the new client.
  2. Select
    Utilities
    , then
    Export Asset Data
     in the original client and export the custom report created in Step 1.
  3. Open the new client and select
    Utilities
    ,
    Import Asset Detail
    , then
    Excel Spreadsheet
    .
  4. Go to the spreadsheet and create the Field Mapping. Map the NBV column on the spreadsheet as the
    Cost
     field.
  5. Map the other fields appropriately and import the spreadsheet.
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