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Dear
I have disposed one fixed asset on 12-31-2021 and for the same I have run the depreciation in January 2022 for one month and now TB and books not getting match on 12-31-2021 because of this depreciation. is there any option for reversing the disposal or is there any other method that we can match the TB with Book
Hey Paulson,
To reverse the asset disposal sale transaction, you just need to go to the customer transaction and use the reverse transition feature.
The customer and fixed asset transactions will show the posted disposal sale reversal transaction. And if the status of the fixed asset was closed, it will be reopened.
However, if you did the disposal on December, it was supposed the fixed asset be closed. Thus, the fixed asset would not be depreciated in the following month.
How did you run depreciation if you have already disposed off the asset?
If you used Asset journal you can try using the Asset transactions > Reverse option or cust transaction > reverse
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