Updating an acquisition date in fixed assets

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Posted on by KL-10071549-0

Hello! I've entered an asset and posted it (BUT depreciation has not yet been posted). I need to update the acquisition date of the asset. Is there any way to do so? I keep seeing the cancel or reverse entry function, but no too sure on how to proceed.

thank you!

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Dynamics 365 Business Central

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Jun Wang 8,202 Super User 2025 Season 2 on at

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I believe the reverse entry will create an entry to reverse the old one on the FA ledger entries page. The cancel entries will move that entry to a different page. Here is a discussion of the same question.

https://community.dynamics.com/forums/thread/details/?threadid=a6c64a84-7433-ef11-840a-6045bdeef618

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YUN ZHU 95,597 Super User 2025 Season 2 on at

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Hi, hope the following can give you some hints.

https://www.youtube.com/watch?v=xhkLaN8Mdhc

https://ebs.com.au/blog/correcting-fixed-asset-ledger-entries-in-business-central

Thanks.

ZHU

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Mansi Soni 8,907 Super User 2025 Season 2 on at

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Hello,

You cannot directly change the acquisition date. To update it, you must reverse or cancel the acquisition entry using the FA Ledger Entries page. Select the posted acquisition entry, then choose Cancel FA Ledger Entry (if available) or manually post a negative acquisition to reverse it. After that, re-enter the asset with the correct acquisition date and repost the acquisition. This ensures the correct date is reflected before any depreciation is posted.

Hope this answer will help you!

Regards,
Mansi Soni

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Tech-Lucky 1,267 Super User 2025 Season 2 on at

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You must reverse/cancel the acquisition before any depreciation or other FA transactions (like reclassifications or disposals) are posted.

If depreciation is posted, you’ll need to reverse that before reversing the acquisition.

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Jainam M. Kothari 15,639 Super User 2025 Season 2 on at

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Hello,

you need to reverse the original acquisition entry using the "Reverse Transaction" function in the Fixed Asset Ledger Entries.

Once reversed, you can re-enter the acquisition with the correct date.

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