Revert an asset transfer—Fixed Assets Management

If you make a mistake when transferring an asset, you can revert the transfer.

When you revert a transfer, Sage Intacct performs the following actions:

• Restores the asset's previously assigned dimensions and allocation

• Deletes the journal entries associated with the transfer from the General Ledger

• Removes the transfer record from the asset's transfer history

You can only revert the most recent transfer. To revert an older transfer, first revert each transfer after it, starting with the most recent.

Before you begin

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

• If the asset has depreciation posted after the transfer date, revert the posted depreciation.

Revert an asset transfer

1. Go to Fixed Assets Management > All > Assets.

2. Find the asset containing the transfer that you want to revert.

   The asset must be in the Ready for review or In service states.

3. Select the asset's ID to view it.
4. Select the Transfer history tab.

5. Find the most recent transfer.

   You can only revert the most recent transfer. To revert an older transfer, first revert each transfer after it, starting with the most recent.

6. Select More actions > Revert at the end of the row.

7. Select Revert to confirm.