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titleDescription of Issue
  • How do I remove an Active Asset that was incorrectly created? 
  • How to delete an Active asset? 


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Fixed Assets/Capital Assets

Functionality changes were made in versions: 

  • 11.3.21.0 and above
  • 2017.1.19.0 and above

  • 2018.1.25.0 and above
  • 2018.3.12.0 and above
  • 2019.1.14.0 and above 
  • 2019.3.8.0 and above 

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    titleCause

    Asset was entered by mistake mistake or has incorrect info that cannot be removed


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    titleResolution
    In versions with the functionality change, refer to

    If the only transaction on the asset is the activation:

    1. Process a Reverse Asset Activations transaction:  How to process an asset Activation Reversal
    2. In
    versions prior to the functionality change, or if an Activation Reversal
    1. New Assets, pull up the asset and click Delete

    If additional transactions have already been posted to the asset and an activation reversal is not possible

    1. Use the Depreciation Reversal program to reverse any depreciation that has already been taken.  Refer to How to reverse depreciation for Depreciation Reversal instructions.
    2. If an adjustment/improvement transaction was done process an Adjust Asset Values transaction reversing what was done 
    3. If the
    asset
    1. depreciation
    flag is set to Y
    1. checkbox is enabled on the asset, process an
    Adjustment
    1. Adjust Asset Values transaction to
    change
    1. disable it
    to NProcess a Retirement or Disposal Transaction from the
    1. In Adjustments and Retirements
    Program
    1. , process a Retire Assets or Dispose Assets transaction


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