Summary
Steps to cancel or undo a disposal on an asset by deleting the Last Transaction or Resetting Depreciation.
Resolution
Option 1: Reset Depreciation
- Go to the Detail view of the disposed asset.
- Go to Depreciation, Reset Depreciation.
- Select the Book, Select Beginning Date or Period Close Date, and click OK.
- On the Reset of Disposed Asset dialog, click Yes. This will clear the disposal and reset depreciation.
Option 2: Delete Last Transaction.
- From the Detail View of the disposed asset.
- Go to the Asset menu or click Transactions, Delete Last Transaction.
- Click Yes to clear the disposal.
IMPORTANT: In both cases, run depreciation for the month before the month of disposal before redoing the disposal of the asset.
NOTE:
- A transaction is an action which appears on the transaction tab of an asset. These will be either a Disposal, a Partial Disposal, a Transfer or a Partial Transfer
- Running Depreciation, making critical value changes and/or inactivating an asset isn’t considered a transaction