This step adds new database fields, initializes the new fields, and updates the Fixed Assets programs. This step also checks whether the base currency and the statutory currency are the same. If they are the same, the conversion is complete. Otherwise, you must run Part 2 of the conversion for each domain. If you do not complete the second part of the conversion, you cannot run the menu items in the Fixed Assets module. A message is displayed: Fixed Asset menus cannot be accessed now. Please run ‘Fixed Asset SC Conversion’ to correct the statutory currency balances first.

For more details, see QAD Enterprise Edition Conversion Guide.