How to Cancel a Disposal In Sage Fixed Assets?

Created on 10-09-2013 | Last modified on 11-18-2020

Summary

Asset was disposed incorrectly?
How to cancel a disposal?
How to undo a disposal?
How to undispose of an asset?
How to Delete the Last Transaction?
How to undo a disposal?
How to reverse disposal?
Critical fields in a book needs changing

Disclaimer

Backup Warning

Use caution when working with the below product functionality. Always create a backup of your data before proceeding with advanced solutions. If necessary, seek the assistance of a qualified Sage business partner, network administrator, or Sage customer support analyst.

Resolution

Option 1: Reset Depreciation. (Only option for Sage Fixed Assets – Lite Depreciation products)

From the Detail view of the disposed asset.
Go to: Depreciation, Reset Depreciation.
Select any Book, Select Beginning Date or Period Close Date, click OK.
On the Reset of Disposed Asset dialog: Click Yes to clear the disposal and to reset depreciation.

Option 2: Delete Last Transaction.

From the Detail View of the disposed asset.
Go to: Asset menu or click the Transactions, select Delete Last Transaction.
Click Yes to clear the disposal.

IMPORTANT: In either case, depreciation will need to be run for the month prior to the month of disposal before redoing the disposal of the asset, and then run depreciation on the asset for the current month.