Saturday, December 15, 2018

Update the Sales Amount field of an asset record already disposed.

Attached below are the steps to update the Sales Amount field of an asset record already disposed:



1. Enable Allow Asset Value Editing.

-Navigate to Fixed Assets > Setup > System Setup.

-Settings subtab > Allow Asset Value Editing = True.

-Click Save.

 

2. Delete the Invoice created by the Asset Disposal transaction.

-Navigate to Fixed Assets > Lists > Assets

-Click View on the Asset Record

-Navigate to the Asset Sale/Disposal subtab.

-Click the Invoice link on Sales Invoice field

-Click Edit.

-Click More Actions > Click Delete > Click Ok

 

3. Delete Journal Entries Associated with Asset Disposal

-Navigate to Fixed Assets > Lists > Assets

-Click View on the Asset Record

-Navigate to Depreciation History subtab.

-Click the Journal Entry Link on the Posting Reference column beside the Sale or Disposal Transaction Type

-Click Edit

-Click More Actions > Delete

 

4. Delete the Depreciation History created for the Asset Disposal

-Navigate to Fixed Assets > Lists > Assets

-Click View on the Asset Record

-Navigate to Depreciation History subtab.

-Click Edit beside the transaction having the Type Sale or Disposal.

-Click More Actions > Click Delete > Click Ok

 

5. Update the Asset Record

-Navigate to Fixed Assets > Lists > Assets

-Click Edit on the Asset Record

-Enter the correct Current Net Book Value

*You can check the Current Net Book Value before the Asset was disposed on Notes tab > System Notes subtab > Select Current Net Book Value on Field

-Select New or Depreciating on Asset Status field

-Navigate to the General subtab

-Select True on Depreciation Active field
-Navigate to the
Maintenance subtab:
-Quantity field must be equal to previous quantity set.
-Quantity Disposed field set to blank.

-Click Save

 

6. Dispose the Asset.
1. Navigate to Fixed Assets > Transactions > Asset Disposal.

2. In the Asset Disposal page, enter the correct sales amount and other values in the fields.

3. Click Dispose.
-A sales invoice is created and the asset status is set to Disposed.

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