To reverse a Fixed Asset invoice that has been partially depreciated
Navigate to the fixed asset that has the posted invoice.
From the Global Search type in Fixed Assets and select the
Fixed Assets List
Find the specific fixed asset to update by either scrolling
through the list, using the search at the top of the screen or filters to
locate the specific asset.
Click on the fixed asset number hyperlink to open the fixed
asset card and scroll down to the Book Value. Click on the Book Value amount to view all of the
associated fixed asset entries. (Acquisition, depreciation, salvage, etc..)
Select the depreciation entry to be reversed and click on
reverse transaction
Click yes to reverse the entry
Reversed entry
Once all the associated entries have been reversed the
invoice entry can be reversed in the same way by selecting the invoice line and
clicking on reverse transaction.
