Use a KFS GEC to Edit Object Codes and Create an Asset

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This video is for you if:

1.You forgot to use a Capital Asset object code when you bought the item in BUY.IU AND

2.You forgot to check the “Capital Asset?” box on the requisition

Submit a General Accounting Adjustment (GEC) document in KFS. The GEC allows you to accomplish two things simultaneously:

1. Change the object code of a purchase

2. Create a Capital Asset for the item