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This article applies to:

  • Product: Fixed Assets CS
  • Subject: Clients

Change a client's entity type

  1. Open the client.
  2. Select
    File
    , then
    Save As
     to create a new client with entity type you want.
    note
    The original client is still available for final processing and making the final return.
  3. In the
    Save As
     window, enter a unique client ID.
    note
    If you've set up Fixed Assets CS to archive data to FileCabinet CS and you've chosen to enter a comment for each backup, the Backup Client window will open.
  4. With the new client open, select
    File
    , then
    Client Properties
    .
  5. Select the client
    Entity
     type and
    Name
    .
  6. Select
    OK
    . 
    The
    Asset List
     window opens.
    • If, in the original client, assets were assigned to an activity that's not proper for the new entity type, Fixed Assets CS assigns the assets to a similar activity for the new entity type. For example, if the original client was an individual entity with assets in the Business Schedule C, Part 2 folder, when you change the entity type to 1120C, the assets are placed in the Business Form 1120, Page 1 activity.
    • If Fixed Assets CS is unable to determine the activity to which assets should be assigned, the assets are placed in the
      Misc
       activity and you can move the assets to the correct activity.
    • For information on reassigning assets to a different activity, refer to the Reassigning assets to a different activity or association article.
    • If the original or new client has a short year because of the change in entity and you need information on changing processing periods for the short year, refer to the Entering a short year for the current client article.

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