How to reduce asset cost price?

SUGGESTED

Hello,

We became VAT registered this year, and there are a number of assets we bought over the past few years that we've now been able to claim VAT on.  These assets were originally recorded in the Fixed Asset Register with a cost price of their gross value.  We now want to reduce their cost price to the net value.  Is there a way to do this in Sage 50cloud v26. 

Kind Regards

Jonna

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  • 0
    SUGGESTED

    Hi Jonna,

    Thanks for using Sage City.

    If all the postings for the asset are correct up to the point that you need to change the cost price, you can just delete the asset from the Fixed assets list and set it up again with the new cost price.

    If this has answered your question please click More > Verify Answer.

    Regards,

    Paul
    Sage UKI

Reply
  • 0
    SUGGESTED

    Hi Jonna,

    Thanks for using Sage City.

    If all the postings for the asset are correct up to the point that you need to change the cost price, you can just delete the asset from the Fixed assets list and set it up again with the new cost price.

    If this has answered your question please click More > Verify Answer.

    Regards,

    Paul
    Sage UKI

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