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Administrator Guide
Last Updated: 2026-07-10
Adjust Asset Costs

Adjust Asset Costs

  • Set up asset accounting. See Steps: Set Up Asset Accounting.
  • Complete any asset lifecycle events in progress on the assets that you adjust.
  • Configure the
    Asset Cost Adjustment Event
     business process and security policy in the Business Asset Accounting functional area.
You can adjust the acquisition or post-acquisition cost of an asset by changing the:
  • Total acquisition cost.
  • Quantity of assets.
  • Current residual value.
Based on the adjustment date, Workday:
  • Generates accounting in your accounting asset book.
  • Creates a depreciation adjustment transaction for each ledger period.
  • Records the difference between the booked depreciation and the projected catchup depreciation.
When you approve or deny a post-acquisition cost adjustment to an asset you capitalized from a project transaction, Workday applies the decision to all the assets you created from the same capitalization.
  1. From the related actions menu of a registered capital asset, select 1 of these tasks:
    • Business Asset
      Adjust Acquisition Cost
      .
    • Business Asset
      Adjust Post Acquisition Cost
      .
  2. Complete the
    Asset Details
     grid:
    Option Description
    Transaction Effective Date
    When you adjust acquisition costs, Workday uses the
    Acquisition Date
     as the transaction effective date.
    When you adjust post-acquisition costs, you can enter any date during the life of the asset.
    Depreciation Adjustment Option
    Displays only when you adjust post-acquisition costs, and only applies to depreciable capital assets.
    Select how Workday determines when to start adjusting depreciation for the lifecycle event. See Concept: Depreciation Adjustment Options.
    Supplier Invoice Line
    When you adjust the asset cost to reflect a change to the amount on a supplier invoice line, select the supplier invoice line that creates the asset.
    When you select a supplier invoice line, you can enter an adjustment of up to:
    • The amount from the quantity split, when the selected supplier invoice line creates the asset from a quantity split.
    • The entire amount of the supplier invoice line, when none of the quantity splits on the supplier invoice line create the asset.
    Workday generates accounting to move the spend from the spend category, location, and worktags on the supplier invoice to the asset when they differ. When you remove the link to the supplier invoice line, Workday cancels the operational journal.
  3. (Optional) On the
    Asset Books
     grid, clear the asset books where you don't want to record the cost adjustment.