Contact Assets (Corporate Finance) if you have questions about asset cost adjustments.

Partial refund

When a partial refund is received for the purchase price of an asset or a discount is received at a later date, the same account used for the initial payment of the asset should be used to process the discount or partial refund.

To adjust the cost of the asset: 

  1. Complete an asset cost adjustment form (DOC, 61KB).
  2. Submit it to Assets (Corporate Finance).

Incorrect category for partial payment or components

If a subsequent payment or component for an asset is purchased using an incorrect category:

  1. Complete the asset cost adjustment form (DOC, 61KB), paying particular attention to the transaction chartfields section.
  2. Submit it to Assets (Corporate Finance).

Assets (Corporate Finance) will prepare a journal to correct the account.