Entering Opening Balances
Once the Fixed Asset Register is created, you can take on last year’s closing assets to bring forward the opening balances.
Last update: CCH Fixed Asset Register
Entering opening balances
This document provides guidance on using CCH Accounts Production to manage opening balances and assets within the Fixed Asset Register. It details the procedures for entering an opening trial balance, creating corresponding assets, and adding new assets, including entering necessary details such as Asset Code and Depreciation method. Furthermore, it discusses importing asset data from MS Excel or the old VAP FAR system, highlighting the importance of correct formatting for successful data importation. Overall, the document aims to streamline asset management in CCH Accounts Production.