Delete assets—Fixed Assets Management

The process to delete an asset depends on how the asset was created. For example, if it was created from a bill versus a vendor invoice.

Alternatively, you can deactivate the asset, which removes it from lists and dropdowns across your company while still retaining its record.

Before you begin

• If the asset is disposed, place the asset back in service.

• If the asset has posted depreciation, revert the posted depreciation.

• If the asset has been transferred, revert the transfers.

• If the asset is assigned as a parent to other assets, edit the children assets to remove the parent association.

Delete an asset created from a bill—Accounts Payable integration

• If the bill is unpaid and your company allows deleting unpaid bills, you can delete the corresponding bill line item or delete the entire bill. The associated asset will also be deleted. See Delete an unpaid bill for more information.

• If the bill is paid or reversed, or your company does not allow deleting unpaid bills, the asset cannot be deleted. Instead, you can deactivate the asset to hide it across your company. Or, dispose of the asset and then make any needed adjustments in the General Ledger.

Delete an asset created from a transaction—Purchasing integration

To delete an asset that originates from a purchasing transaction, delete the purchasing transaction. The associated asset and bill will also be deleted.

Delete an asset that was created manually

1. Go to Fixed Assets Management > All > Assets.
2. Find the asset that you want to delete.
3. Select More actions > Delete at the end of the row.
4. Select Delete to confirm.

Delete multiple assets that were created manually

You can delete up to 100 assets at a time.

1. Go to Fixed Assets Management > All > Assets.
2. Select the checkbox next to the assets that you want to delete.
3. Above the list, select Delete.
4. Select OK to confirm.