Changing a client's entity type

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  1. Open the desired client.
  2. Choose File > Save As to create a new client with the desired entity type.

    Note: The original client is still available for final processing and producing the final return.

  3. In the Save As dialog, enter a unique client ID.
  4. Click the Save button.

    Note: If you have set up Fixed Assets CS to archive data to FileCabinet CS and you have chosen to enter a comment for each backup, the Backup Client dialog opens.

  5. With the new client open, choose File > Client Properties.
  6. Select the appropriate entity type from the Entity field.
  7. In the Name field, enter the name of the client.
  8. Click OK. The Asset List window opens.

Notes

  • If, in the original client, assets were assigned to an activity that is not appropriate 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 appropriate activity.
  • For information on reassigning assets to a different activity, see Reassigning assets to a different activity or association.
  • 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, see Entering a short year for the current client.

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