# How to adjust fixed asset values in a prior financial year

KB265

### Overview

Any adjustments to fixed assets in a prior financial year should be avoided if possible. No adjustments should be made to any assets that have already had adjustments in the current financial year.

If the adjustments are absolutely necessary, then they can be done but will need additional support from the Accentis support team.

### Process

#### How to make the adjustments

- Log into the previous year's database
- Make any adjustments that you need to the fixed assets records or transactions
- Check that your data is correct and reconciles with your general ledger
- Contact support with the details of the assets that you have adjusted

#### What Accentis Support will do for you

- Bring across any new assets
- Replace the existing opening asset values with the new values
- Bring across the asset transaction history
- Re-transact the assets

Without the help of Accentis Support, the fixed asset register will not balance with the general ledger

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Last edit: 22/12/20