To access the Conservations of Fixed Assets document list, go to Asset Management > Fixed Assets > Conservations of Fixed Assets. Only fixed assets with the Accepted to Accounting status can be placed in conservation.

Documents of this type are available if the Enable Conservation of Fixed Assets option is selected on the Administration > Settings > Asset Management form.

After some period of fixed asset usage, the organization may decide to stop the usage due to various reasons; however, the depreciation calculation can be continued. The fixed asset status changes to In Conservation and the net book value will be moved to the Assets in Conservation GL Account from the Fixed Asset GL account. Also,  depreciation calculation for the listed assets can be stopped.

The Conservations of Fixed Asset list

The Conservations of Fixed Assets list includes all the Conservation of Fixed Assets documents available in the system. If you don't see a specific document, rearrange the list by date or document number or use the Search field to locate the document by the fixed asset description. You can change the list display settings to suit your particular needs. To learn more about the list display settings, see Working with the item list.

The toolbar buttons

To manually create a new document of the Conservation of Fixed Assets type, click the Create button on the toolbar.

If you need to cancel conservation of specific fixed assets, click the Generate button to create a new Conservation of Fixed Assets document with the Cancellation of Fixed Asset Conservation transaction type.