Precondition:

How to Create Fixed Asset


Reverse All - Disposal, Depreciation and Acquisition
1. Fixed Assets > Activities >Fixed Assets > Fixed Assets tab
2. Filter for this record

Asset No. = <Created Asset - How to Create Fixed Asset>


3. Select the record and click Open Selected button

4. Click Reverse All button



5. Click Yes


6. Verify the following:

Asset Status panel:

  • Acquired checkbox: unchecked
  • Depreciated checkbox: unchecked
  • Fully Depreciated checkbox: unchecked
  • Disposed checkbox: unchecked


7. Go to History tab


Should show 0 record

8.  Close all active screens



Verify GL entries
1. General Ledger > Activities > GL Account Detail
2. Go to Transactions tab and filter for Disposal transaction

Should show 6 records with these information:



3. Filter for Depreciation transactions


4. Filter for Purchase transaction

Should show 4 records with these information:

5. Click Close button

  • No labels