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Administrator Guide
Last Updated: 2025-02-07
Example Steps: Migrate Assets to a Secondary Asset Book

Example Steps: Migrate Assets to a Secondary Asset Book

This example illustrates how to migrate assets to a secondary asset book with an EIB spreadsheet.
Your company is implementing multibook asset accounting. You want to add all your assets in the Accounting book that don't have a status of
Disposed
 to a new IFRS book.
In this example, we assume that you've already:
  • Set up multibook accounting for your company.
  • Added the IFRS book to your company.
  • Changed the
    Integration Reference ID
     of the IFRS asset book to
    ASSET_BOOK_IFRS
    .
  1. Set up an inbound EIB for the
    Update Asset Book Configuration
     web service.
  2. Download a template spreadsheet that contains the assets that you want to migrate, in the format required for the Update Asset Book Configuration EIB.
  3. Update the assets in the spreadsheet and load them with the Update Asset Book Configuration EIB.
    For all the assets that you want to upload, specify:
    • The
      Add Only
       field as
      Y
      .
    • The
      Asset Book
       field as
      ASSET_BOOK_IFRS
      .
You can create manual journals to load the beginning cost and accumulated depreciation balances to their respective ledger accounts.