How You Synchronize Changes Between Installed Base and Fixed Assets After Asset Terminations

The fixed asset and installed base asset can be terminated from either installed base or fixed asset sides. Remember, you can terminate only serial-controlled installed base assets and those fixed assets with quantity one.

Termination and retirement synchronization between the installed base and fixed assets can be done in any of these two ways:

End date an installed base asset and then retire the associated fixed asset.
Retire a fixed asset, which automatically ends the installed base asset associated to it.

End Date an Installed Base Asset

Login as an installed base user and open the asset you want to end date.
Go to the Fixed Assets tab, open a fixed asset, and notice the Eligible to Sync check box is checked.
Next, go to the Edit Installed Base Asset tab, and enter an end date for the installed base asset.
In the Fixed Assets tab, check the status of the fixed asset. It shows, Pending.
Go to Tools > Scheduled Processes and run the Connect and Synchronize Fixed Assets to Operational Assets scheduled process.
Next, log in as a fixed asset user and do this:
1. Go to Fixed Assets, Retirements panel, and click the Incomplete link. Click the asset number link of the fixed asset you want to retire, check the asset details, and click Done.
2. Click the Unit Retirement link.
3. On the Retire Units page, under Transaction Details, enter a retire date, additional information, and reason.
4. Under Retirement Details on the same page, enter a reason for retirement and additional information.
5. Click Save and Close.

Retire a Fixed Asset

Login as a fixed asset user and navigate to the Asset Retirement Task from the panel drawer.
Search and select a fixed asset you want to retire.
Select Unit Retirement or Cost Retirement according to your preference.
Enter the required details to retire the fixed asset.
Select the check box to terminate the installed base asset associated to this asset and save your changes.