Once a fixed asset is posted in Coins, fields such as the purchase price and depreciation method are not available to edit directly. Use the Enter Adjustment feature to modify these values without reversing the original posting.
You need access to the Fixed Asset module in Coins to complete these steps.
Enter an adjustment
Fixes Assets > Enter Adjustments > Add a new adjustment record
Enter the asset number for the asset that needs adjusting, then press Next
đNote: Enter Adjustment can be used to change the following on a posted fixed asset:
Purchase price.
Written down value (WDV).
Depreciation method.
â ď¸Important: The purchase date field is locked after posting and cannot be changed using Enter Adjustment. To correct a purchase date, you must reverse the original posting in the general ledger and re-post the acquisition with the correct date. See Correct a purchase date after posting below.
Open the Enter Adjustment screen for the fixed asset you want to modify, then enter the updated values. You can change the purchase price, written down value (WDV), depreciation method, or other available fields.
Save the record.
Return to the Enter Adjustment screen and click OK to post using the action button.
Select the correct period and process the batch adjustment.
Select the newly created batch and post it.
The adjustment has now been made and can be confirmed by checking the asset details record and
Correct a purchase date after posting
The purchase date on a fixed asset acquisition is locked once the batch is posted. Enter Adjustment cannot change it. To correct an incorrect purchase date, work with your finance team to either:
Reverse the posted acquisition in the general ledger and re-post it with the correct purchase date, or
Post a manual general ledger journal to move the value to the correct period.
đNote: The purchase date field is locked by design to maintain posting integrity. Contact your support team if you need assistance with the reversal process.