Registering starting values

Registration of opening balances from previous income years

The first time the Fixed Asset Register is used, existing fixed assets from previous income years can be imported or registered manually. Import can be performed from:

Year-end closing module in Period & Year
Finale Driftsmidler
Excel workbook

Note

To import fixed assets, the system must have a defined chart of accounts and a period setup/fiscal year that corresponds with the Opening balance date (last year’s balance date) and Transactions during the year.

To get started, it is possible to import a blank Excel file containing the client’s chart of accounts, even if the trial balance for the year is not yet available or if you initially do not intend to use other parts of the system.

Export from Finale Driftsmidler to Period & Year

Finale Driftsmidler can generate an export file (json file) with data from an opened client in Finale Driftsmidler. The file is automatically named by Finale Driftsmidler as follows:

Fixed asset eksport yyyy - clientname.json

yyyy - is the year being exported
‘clientname’ - is the name of the client

To export a client, do the following:

Open the client in Finale Fixed Assets.
Select Company - Export to Period & Year.
Select the Period & Year Fixed Assets tab.
Choose the destination folder for the export file.
Click the To file tool button and wait for confirmation that the client has been exported.

This registration or import creates the Opening balances event, which will display the following transactions dated to the last day of the preceding income year:

Acquisition cost from previous years
Depreciation from previous years
Impairment from previous years