Skip to Content
0
Former Member
Jan 13, 2020 at 12:35 PM

Asset migration - purpose of migation of an asset in the same year it was acquired

228 Views

Dear community,

a common scenario that is described on the internet when it comes to asset migration is the following: You have acquired an asset in the current (fiscal) year and you want to migrate it mid-year in the current year to a new system.

The question is: Why would one migrate an asset in such a situation? If the asset has been acquired in the current year in the old system, wouldn't it be easier to simply create a new asset master data in the new system and run a depreciation run afterwards?

Why would I perform the more complex process of migrating said asset?

Thank you very much in advance!