Dynamics F/SCM Customer Experience (CRM) Dynamics GP Dynamics Business Central (NAV) Dynamics SL Power Platform Fabric Copilot

[Diane Fangman]

I discovered an Asset that has been recorded twice under two separate FA ID #’s.  I need to reverse the depreciation and delete the duplicate asset.  Can someone tell me the best way to do this?  ?

——————————
Diane Fangman
Accounting Manager
Meridian Technologies
Jacksonville FL
——————————

[Gerald Buenafe]

Hi Diane,

If the intention is to delete the asset (via Delete Asset Utility*), then GL adjustments need to be entered.
* This just erases the asset records from the Fixed Assets module only, and does not reverse the entries made in GL

On a side note, you may opt to go through the following as these will simplify the GL reversal:
1. Undo Depreciation
2. Retire the Asset

Once done, before deleting the asset, make sure to run the FA-GL Posting routine to generate the FATRX batch in GL.

Assuming all the depreciation records are reversed and the retirement has been done, the Depreciation, Accumulated Depreciation and Asset Cost entries will be reversed. The adjustment will be between the FA Clearing and the Gain/Loss accounts.

For reference, here is the data for a ‘simple’ asset:
1. Added the asset on 2/1/2027
2. Depreciated the asset until 4/30/2027
3. Backed out depreciation to 2/01/2027
4. Retired the asset on 2/1/2027

——————————
Gerald Buenafe
Owner/Consultant
BTP Technologies LLC
CHANTILLY VA
——————————
——————————————-

[Diane Fangman]

Very Helpful! Thank you!

——————————
Diane Fangman
Accounting Manager
Meridian Technologies
Jacksonville FL
——————————
——————————————-