Deleting Asset Transactions

You can use the Delete Last Transaction command to delete disposal and transfer transactions, either whole or partial. Deleting the last transaction returns an asset to its original condition prior to the transaction. If the system created a new asset and a new extension during the transaction, it deletes both the new asset and the new extension, and reactivates the original asset. You can select this command only in Asset Detail of an individual System Number. Although you can use the Delete Last Transaction command to delete many transactions, you can delete only one transaction each time you use the command. The system deletes transactions in reverse order of creation for a particular System Number.

In addition to this method of deleting transactions, you can also delete disposals of fully disposed assets by resetting depreciation. (This is not the case for partial disposals. Resetting depreciation on a partially disposed asset does not cancel the disposal.) For more information, see Resetting Depreciation.

To delete the last transaction performed on an asset

1. In Asset Detail, display the asset that contains the transaction you want to delete.
2. Select the Transactions tab.
3. Select the Delete Last Transaction button. A message confirms that you want to continue.
4. Select the Yes button. The system automatically deletes the last transaction for this asset.
5. Repeat Steps 3 and 4 to delete additional transactions for this asset. Repeat Steps 1 through 4 to delete the last transaction for other assets.