To change the class of an asset, please follow the steps below.
Click into the asset you want to reclassify from the fixed asset listing.
Choose the Adjust Reclass Transfer button in the upper right hand corner of your screen.
Use the drop-down list to select "Asset Reclassification."
Enter a date of change.
Notice the screen displays the current asset class.
In the New Values section, change the asset's class by using the drop-down box. NOTE: If you have posted depreciation for an asset, a change in depreciation convention will be applied prospectively from the date of the last post, unless you reverse prior postings. If you have future period depreciation postings, you cannot reclassify the asset without reversing them. It is not recommended that you post depreciation into the future for this reason.
Check the Book Reclassification Entry check box if you want the system to reclassify the asset on the books. This is recommended unless for some reason you have already done it manually.
Click the Yes button to save your transfer.
You should see a yellow information bar at the top of the screen that indicates the transfer went through.
