When you create a reverse transaction, the information and amount of the original transaction are saved. By default, the reversal date and the original transaction date are the same. However, when reversing transactions, you can specify a reversal date that is different from the original transaction date.

Note Note

You can also reverse an amortization transaction using this process. To change the fixed asset status to Operation, you must cancel the write-off for all value models.

  1. Select Fixed assets> Common Forms> Fixed assets> Value models> Transactionsto open the FA transactionsform.

  2. Select the fixed asset acquisition transaction, and then click Reverse transactionto open the Reverse transactionform.

  3. In the Reverse date, select the transaction reverse date.

  4. Click OK. A transaction is created in the FA transactionsform that reverses the original transaction.

  5. Click Voucherto view the transaction in the ledger in the Operation codesform.

    Note Note

    To change the status to Scheduled, run the reverse acquisition transaction for all value models. If the asset that was reversed was built from warehoused components, transactions are created to record the return of the components to the warehouse. When you reverse an acquisition transaction, the cost price of the returned components may differ from the current warehouse cost price. However, after warehouse closure, the components will reflect the current pricing.

See Also