Modifying Asset Category and Depreciation Schedule for Assets with Existing Journal Entries in ERPNe

ERPNext Asset Management
1

Hello everyone,

I have a question regarding modifying assets in ERPNext. If an asset is already created and linked to a specific Item Code and Asset Category (and has historical depreciation entries/Journal Entries already posted), what is the correct and safest way to:

  1. Change or update its Asset Category (or Item Code)?

  2. Modify its depreciation schedule or total number of depreciations?

Do I need to cancel all previous depreciation entries first before updating the Asset Category and Finance Book settings, or is there a standard recommended procedure to handle this without breaking accounting integrity?

Any advice or best practices would be greatly appreciated. Thank you!