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Migrate fixed assets from prior accounting system

When migrating to Manager from a prior accounting system, fixed assets must be carried forward at their book values from the previous system. This is easily accomplished in Manager as fixed assets are created. Two pieces of information are required for every fixed asset being carried forward:

Migrate a fixed asset

Basic procedures for creating fixed assets in Manager are described in another Guide. Read it first.

To migrate an existing fixed asset, go to the left navigation pane, click Fixed Assets, then New Fixed Asset:

Complete the entry:

Click Create. The fixed asset will show under the Fixed Assets tab:

The purchase cost of the fixed asset will be combined with any other fixed assets’ costs and displayed under the Assets category on the Summary page. A contra account, Fixed assets, accumulated depreciation, will record depreciation to date for all fixed assets. The difference between the two account balances represents current book value of all fixed assets:

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