Small and medium business | Business Central, N...

delete a fixed asset

(0) Share

Report

Posted on by MichaelEgg

my fixed assets have been entered incorrectly from the start. they have not been entered and acquired with a depreciation book allocated and with the wrong depreciation rate.

i also have a problem in that the company has migrated from Sage 50 to Business Central and i have accumulated depreciation on the assets.

i need to delete ALL fixed assets and start again . is this possible?

Categories:

Dynamics 365 Business Central

I have the same question (0)

All responses (8)

Answers (0)

Suggested answer

Ramit Paul 22,797 Most Valuable Professional on at

Like (0)

Report

Hi,

Which product do you use? Business Central?

If FO, then I can say the below

1: If you never used the FA in any journal, you can delete the FA.

2: If you ever used the FA, you can not delete.

3: If you ever used, then you may make the FA acquisition value =0 and then suspend that.

1 people found this reply helpful.

Was this reply helpful? Yes No
MichaelEgg 15 on at

Like (0)

Report

hey thanks for replying...

it is business central yes.

I think whoever has tried to set up this FA side of the system has looked to automatically run assets across from another system (Sage).

Only the card has completed fields. there is no depreciation book, no posting group, no FA ledger entries, it is a main asset with no component FA items.

it has been acquired so that selection box is not an option. You're supposed to have your depreciation book and posting groups sorted before acquiring it. So I can't delete it, it has no journal entries, just this incomplete card. no acquisition cost in the GL.

Was this reply helpful? Yes No
Ramit Paul 22,797 Most Valuable Professional on at

Like (0)

Report

This will be answered in Business central forum, someone will move this to correct group

Was this reply helpful? Yes No
MichaelEgg 15 on at

Like (0)

Report

hey thanks for replying...

it is business central yes.

I think whoever has tried to set up this FA side of the system has looked to automatically run assets across from another system (Sage).

Only the card has completed fields. there is no depreciation book, no posting group, no FA ledger entries, it is a main asset with no component FA items.

it has been acquired so that selection box is not an option. You're supposed to have your depreciation book and posting groups sorted before acquiring it. So I can't delete it, it has no journal entries, just this incomplete card. no acquisition cost in the GL.

Was this reply helpful? Yes No
Suggested answer

Marco Mels on at

Like (0)

Report

Hello,

This sounds like it is best you raise a support request with Microsoft via your partner or CSP. We will be happy to assist you with this.

Thanks.

Was this reply helpful? Yes No
Suggested answer

Community Member on at

Like (0)

Report

Michael,

Your picture with the error message shows the Fixed Asset has a Main Asset/Component set to Main Asset. Have you drilled into the Asset/Main Asset to see if anything is listed. If you delete all the components and relationships it should allow for deletion.

Hope this helps.

Thanks,

Steve

Was this reply helpful? Yes No
Darrell Goodwin 10 on at

Like (0)

Report

In my case I had imported all of the fixed assets and imported the acquisition cost and YTD depreciation using journal import. The client then came back indicating that they had different values requiring me to "undo" the depreciation.

If you go into the asset ledger entries (fixed asset card>>Fixed Asset>>Depreciation Books>>Related>>Depr Book>>Ledger Entries) you can "Cancel Entries" which effectively reverses your transactions (you will need to post these). Once posted you can re-enter them or just delete the asset and start over.

Was this reply helpful? Yes No
Suggested answer

Dallefeld 211 User Group Leader on at

Like (0)

Report

If there no ledger entries you can simply delete the fixed asset records. Unfortunately, one at a time.

Marco is correct, you probably need assistance from your partner to get your Fixed Assets setup correctly.

Was this reply helpful? Yes No