How To
Importing from VAP/Excel - mid year
CCH Fixed Asset Register
Importing from VAP/Excel - mid year
When importing from VAP / Excel, you should normally wait until you’ve rolled forward a year, then export the balances and import them as opening balances into the new year in FAR.
You can not do this mid-year, as Import from VAP will automatically assign the year start date to the imported balances. If you have started the year;
- Reverse out any depreciation postings to date as well as any journals eliminating cost and depreciation on disposal.
- Import the FAR assets and balances at the year start date.
- In the FAR, add any asset movements corresponding to entries that have already been entered in the nominal ledger
- Calculate Depreciation to regenerate the depreciation postings.
Related documents
Part Disposals
Part Disposals
Changing Entity Type
Changing Entity Type
Asset Movement
The document outlines the functionality of the Asset Movement screen, detailing how asset transactions are recorded in the Fixed Asset Register, independent of CCH Accounts Production. It describes five types of movements: Cost B/Fwd, Addition, Adjustment, Revaluation, and Disposal, each with specific criteria and purposes. The document also covers the protocol for asset movement dates, especially concerning finalized periods, and discusses the Change of Method movement for altering depreciation methods. Additionally, it includes guidelines on how movements affect nominal accounts and the conditions under which movement deletion is permissible.
Asset Classes
The Asset class section is used to define the ledger accounts which must be used for the posting of the asset transactions and the method of depreciation.
Master Asset Classes: Fixed Asset Register
The document outlines the functionality of Master Asset Classes within the Fixed Asset Register's Set Up screen in CCH Accounts Production. These classes provide default settings for client-level Asset Classes and are integral to the CCH chart of accounts versioning system. While Master Asset Classes cannot typically be edited, users can modify them when creating a new Practice Master Pack. Access to Master Asset Classes is through the Set Up screen or the menu path: File > Maintenance > Accounts > Master Asset Classes.