About historical assets—Fixed Assets Management

Historical assets are assets that were already in use and started to depreciate before your company started using Fixed Assets Management. You can migrate these assets to Fixed Assets Management to continue tracking their depreciation going forward.

What's the go-live date?

The go-live date marks when your company starts managing depreciation in Fixed Assets Management. It's defined in configuration and determines which assets are historical. Any asset with a scheduled depreciation posting date before the go-live date is considered historical.

Learn more about the go-live date, including how it affects depreciation schedules and how to change it.

What's historical accumulated depreciation?

Historical accumulated depreciation is the total depreciation a historical asset accrued before the go-live date. Fixed Assets Management uses this amount to create accurate depreciation schedules and avoid double-posting amounts already recorded in your previous system. In Configuration, you can choose whether to enter historical accumulated depreciation manually or have Fixed Assets Management calculate it automatically.

Learn more about historical accumulated depreciation, including how different custom amounts affect depreciation schedules.

How do I create historical assets?

You can create historical assets manually or import them in bulk, just like non-historical assets. The only difference is if you're using the Enter manually setting for historical accumulated depreciation. In that case, you'll need to enter a custom historical depreciation amount on each depreciation rule.

Assets are automatically treated as historical if any scheduled depreciation posting date is before the go-live date you set in configuration. You do not need to take any extra steps to mark them as historical.