To update the First Use Date any 'Actions' that have been taken after the First Use Date will need to be reversed before the First Use Date can be reversed. In this example the 'Lease Refinanced (1 July 2025)' will need to be 'Reversed' first.
WARNING - when you 'Reverse' the First Use Date you will need to re-enter the information informing the lease calculations i.e. Depreciation Method, Effective Life, Interest etc. Therefore it is important to ensure you have this information on hand prior to reversal.
Once the First Use Date is reversed you can then update/add the correct First Use Date:
You will be prompted to re-enter the information as follows:
