Edit Fields Under the Asset Sale/Disposal Tab to Cancel a Fixed Asset Sale or Disposal
Published on
August 25, 2023 at 6:23:35 AM PDT August 25, 2023 at 6:23:35 AM PDTth, August 25, 2023 at 6:23:35 AM PDT
Scenario
User wants to cancel a FAM Asset Sale or Disposal but the Asset Sale/Disposal tab fields on the Asset record are not editable.
Solution
The ability to edit the Asset Sale/Disposal tab fields on FAM Asset records is not yet possible and it is logged as an Enhancement 237902. The fields under the Asset Sale/Disposal tab of the Asset record will only be overridden if another Asset Disposal will be performed for this FAM Asset via Fixed Assets > Transactions > Asset Disposal.
As an Alternate Solution user can "undo" the Disposal of the Asset and Dispose it again with the correct date.
1. Edit the Asset Record to modify the values as prior to Disposal
1. Navigate to Fixed Assets > Lists > Assets
2. Asset in question: Click Edit
3. Asset Status: Select Depreciating
4. Current Net Book Value: Enter actual amount prior to disposal
5. Cumulative Depreciation: Enter actual amount prior to disposal
6. Quantity: Enter actual amount prior to disposal
7. Click Save.
2. Delete the posting transactions created by Disposal
1. Click Depreciation History tab
2. Click Depreciation Histories
3. Disposal line: Click Journal # in Posting reference column
4. Actions dropdown: Click Delete
5. Click OK on the pop-up
3. Delete the Depreciation History Record
1. Navigate to Fixed Assets > Lists > Assets
2. Asset in question: click Edit
3. Click Depreciation History tab
4. Click Depreciation Histories
5. Disposal line: Click Edit
6. Actions dropdown: Click Delete
7. Click OK on the pop-up
Note: User can now re-do the Disposal with correct date by navigating to Fixed Assets > Transactions > Asset Disposal. This does not however address how to remove disposal information in the asset sale/disposal tab of the asset record.