<title>Adjust the balance of an asset account</title>
<category>accounts</category>
<klink type="prcdr">How do I adjust the balance of an asset account?</klink>
</index>
<content>
<ol>
<li>If you've had your asset appraised, have the appraisal statement handy.</li>
<li>On the <emph>Accounts & Bills</emph> menu, click <emph>Account List</emph>.</li>
<li>Click the asset account to open it.</li>
<li>In the left pane, click <emph>Update current value</emph>.</li>
<li>Enter a one-time balance adjustment or transactions that affect your asset account:</li>
<ul>
<li>To make a one-time balance adjustment, enter the new balance and corresponding date for your asset account, specify the category (and subcategory if applicable), and then click <emph>OK</emph>.</li>
<li>To enter transactions such as service fees or accumulated interest, click <emph>Balance</emph>, and then follow the instructions on the screen.</li>
