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Reverse All

Reverse All

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