The Split Asset function applies to Assets configured with:
•A Valuation Asset Type
•A “Dimension to Value By”
•An Expiry date
A Split divides one Asset into two and creates appropriate financial values and transactions for both, including adjustment to a manually set Residual Value. The new Asset created by the Split is usually immediately edited to adjust its attributes.
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Field |
Purpose |
|
Current Measurement |
Displays the data for the dimension field that is currently used for valuation. |
|
New Measurement for Current Asset |
This field is for recording the new measurement for the original Asset. Conquest will then create financial transactions to adjust the valuation figures to reflect the new measurement. |
|
New Measurement for New Asset |
This is the valuation measurement for the duplicate Asset. Transactions will be created on the duplicate that will value it based on this measurement. |
|
Transaction Date |
This is the date that the Asset was physically split. |
|
Notes |
Any notes about the reason for spitting Asset - can be useful for Auditing purposes. |
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There is also a Bulk Split Asset function to allow the import of a text file that will split any number of Assets.
Note: A Split on an Asset cannot be reversed, although the Rollback Transaction function will reverse the Valuation. In the event that Assets have been Split accidentally, contact Conquest Support for assistance in reversing the effects.
There is also a bulk Replace Assets function. See the Updating Assets section.