How to Cancel A Disposal?

Description

• The asset was disposed of incorrectly?
• How to cancel disposal?
• How to undo disposal?
• How to undispose of an asset?
• How to Delete the Last Transaction?
• How to reverse disposal?
• Critical fields in a book need 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.

Resolution

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

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

Option 2: Delete the Last Transaction.

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

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