Problem: How to change the type of Fixed Asset to Intangible Assets?
Solution: Make editing as shown below.
1. The Fixed Asset is accepted to accounting through the document Opening Balance Entering as entry of initial balances:
Current type of assets is Fixed Asset:
Please find more information about Fixed Assets here 12. Asset Management
2. Depreciation is already accrued monthly on this Fixed Asset:
3. Cancel Month End Closing for all periods of depreciation:
4. Go to corresponding document Opening Balance Entering of the initial balances:
And change the type of asset to Intangible Assets:
Post and close Opening Balance Entering:
5. Execute Month End Closing for all the previous periods that were cancelled:
Amortization for Intangible Asset is recalculated:
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