Reset depreciation

Important Information before you begin

1. This process isn't a way to 'undo' depreciation.
2. Follow this process for clearing disposals or Beginning Dates from assets.
3. If you’re looking to redo depreciation for a period, see Depreciation this run is too high.
4. Create a backup before proceeding. This process can impact multiple assets and remove Beginning Dates from past adjustments. 
5. You can make a group to select the assets. See How to create a group.

In Sage Fixed Assets Depreciation:

1. Go to Asset, Asset List.
2. Select the assets from the asset list. Hold the Ctrl key and click to select multiple assets. If you have a group, select the group from the Group dropdown, then go to Edit, Select All.
3. Go to Depreciation, Reset Depreciation.
4. Select the books to reset.
5. Select Placed-in-Service Date, Beginning Date, or Period Close Date.
   1. Placed-in Service Date will reset the Current Through Date completely. This will clear any Beginning Date, and Period Close Date information.
   2. Beginning Date will reset Current Through Date to the Beginning Date. This will remove Period Close data.
   3. Period Close Date will reset the Current Through date to the last Period Close Date.
6. Optional: Select Clear the Mid-Quarter convention if desired.
    NOTE: This will only affect assets using a MACRS Depreciation Method. 
7. Click OK.
8. Go to Depreciation, Depreciate to calculate depreciation on the asset again.