Dynamics Community Forum Thread Details

Deleting Returned Asset from Fixed Asset Module

There was a tweet on @MSFTDynamics asking a question about how to handling a returned asset. Here is the text from the tweet.

MerelyClaudia

@MSFTDynamics no it doesn't, the asset was received last year then returned in 2012. How/Should we delete it from the fixed asset module?

Reply - 2 weeks ago

MSFTDynamics

@MerelyClaudia Have you taken a look at this blog resource for more info? http://t.co/lvrO8L7R Does that help clarify?

Reply - 3 weeks ago

MerelyClaudia

google is no help today.... is there anyone who would know how to writeoff an asset in Microsoft Dynamics GP?

The information located in the text of the forum thread http://www.tek-tips.com/viewthread.cfm?qid=1503735, provides good guidance on how to handle this sort of situation.

The only change in the response I would make is that, if you choose the first option, take care with the retirement as you cannot undo a retirement in the previous year. The main thing to understand with this option is you will be given a ‘Previous Year Adjustment’ dialogue box, the amount that you will want to use is the depreciation amount booked in the prior year.

I would highly recommend that regardless of which option you choose that you try this in a test company with a backup of the live data to ensure things come out as expected.

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