Revert an asset transfer—Fixed Assets Management

If you transfer an asset by mistake, you can revert the transfer.

Reverting a transfer does the following:

  • Restores the asset's previously assigned dimensions and allocation.

  • Deletes the related transfer journal entries.

  • Removes the transfer record from the asset's Transfers tab.

Before you begin

Verify the following:

  • The transfer you want to revert is the most recent transfer. To revert an earlier transfer, first revert each transfer after it, starting with the most recent.

  • The asset is in the Ready for review or In service state.

  • No depreciation or cost adjustments occurred after the transfer date.

Revert an asset transfer

Subscription

Fixed Assets Management

Regional availability

All regions

User type

Business
Permissions

Fixed Assets Management

  • Asset: List, View, Add, Edit
Configuration

Correction treatment must be set to Revert in Fixed Assets Management configuration.
  1. Go to Fixed Assets Management > All > Assets.

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

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

  5. Find the most recent transfer.

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

  7. Select Revert to confirm.