How to Cancel a Disposal of a Fixed Asset
In the Depreciation book for the asset make sure the Allow Correction of Disposal is checked off
Go to the Fixed Asset Ledger Entries
Find the Proceeds on Disposal line – then select Cancel Entries. Do not select to Reverse Entries. That will put it in the FA G/L Journal – you can then post it. The lines will be removed, and the Fixed Asset Ledger and G/L entries will be updated.
If you are not integrating to the G/L then the lines will go to the FA Journal for posting.
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Keywords: Disposal, Fixed Asset, NAV