Deleting Assets

This feature lets you remove invalid assets and their related records. You can use it to delete assets without journal entries or proposal records. If the asset has a journal entry, you must manually remove it before deleting the asset.

Note:

You can't delete compound assets with this feature. You can, however, delete non-compound component assets.

To delete invalid assets:

1. Go to Fixed Assets > Setup > Delete Assets.

2. On the Delete Invalid Assets page, add the assets to delete through the Asset Details sublist or through CSV import.

   • To add assets through the Asset Details list:

     1. From the Asset Details list, select the asset ID or name that you want to delete, and then click Add.

     2. Click Delete.

        Click OK in the confirmation dialog to delete the assets and their related records.

   • To add assets through CSV import:

     1. Click Import CSV.

        The system redirects you to the Bulk Asset Deletion page.

     2. On the Bulk Asset Deletion page, click Choose File to locate the CSV file on your device.

        Click the link below the Choose File field to view a sample file.

     3. Click Submit to upload your CSV file. You'll be redirected to the FAM Process Status page.

Related Topics

• Fixed Assets Management Overview
• Depreciation Methods
• Creating Asset Records from Transactions
• Creating Asset Records through CSV Import
• Creating Asset Records Manually
• Managing Assets
• Asset Depreciation

• Fixed Asset Recovery Script

• Group Tax Depreciation
• French Derogatory Depreciation
• Asset Disposal by Sale or Write-Off
• Partial Disposal of an Asset
• Revaluation of an Asset
• Asset Split
• Viewing and Approving Custom Journal Entries

General Notices