Correcting Retirement Errors (Reinstatements)
You cannot reinstate assets retired in the previous fiscal year. You can reinstate only the most recent partial retirement. You can reinstate both individual and mass retirement transactions.
To correct a retirement error:
1. Choose Assets > Asset Workbench from the Navigator window.
2. Find the asset you want to reinstate.
Suggestion: For best performance, query by asset number or tag number since they are unique values.
4. Query the retirement transaction you want to undo.
5. If the retirement has a status of PROCESSED, choose Reinstate. If it is PENDING, choose Undo Retirement.
6. If the retirement has a status of PROCESSED, calculate gains and losses to reinstate the asset. If it is PENDING, Oracle Assets deletes the retirement transaction.
To correct a reinstatement error:
- Query the reinstatement transaction in the Retirements window and choose the Undo Reinstatement button.
To reinstate a mass retirement transaction:
1. Navigate to the Mass Retirements window.
2. Use the mass transaction number to query the mass retirement transaction you want to reinstate.
3. Choose Reinstate. Oracle Assets reverses the mass retirement.
Note: If you reinstate a mass retirement after you have run the Calculate Gains and Losses program, you must rerun the Calculate Gains and Losses program to process the mass reinstatement.
See Also
Retiring Assets
Calculating Gains and Losses for Retirements
About Retirements
Journal Entries for Retirements and Reinstatements
Retirements Reports
