Delete assets from FA module

(0) Share

Report

Posted on by Mark_L

Microsoft Dynamics GP v9

We operate several companies. One company made significant capital expenditures throughout 2008 on a particular project and the various assets are being depreciated using the Fixed Assets module.

Near the end of 2008, it was decided by management that a subsidiary company would retroactively own the assets. I am comfortable with setting up the assets on the subsidiary company and making the requisite journal entries on both companies to reflect this change. However, I do not know how to wipe the assets from the original company's Fixed Assets module as if they never existed there. The assets are not being being sold to the subsidiary company at one point in time, they are being treated as if they were on the subsidiary company all along.

Your help is greatly appreciated.

*This post is locked for comments

All responses (1)

Answers (0)

Frank Hamelly | MVP... 46,321 Super User 2025 Season 1 on at

Like (0)

Report

Re: Delete assets from FA module

Mark, use the Fixed Assets Delete Utility to delete assets (Tools>Utilities>Fixed Assets>Delete). Be aware that if these assets have been depreciated, a manual journal entry will need to be made to reverse the depreciation in the general ledger.