Deleting the Asset Record Details

This page allows you to modify the asset details. Tell me more.

Ensure that you have selected the asset record to be deleted, from the “Select Asset” page
Select the “Delete Asset Record” link at the bottom of the “Select Asset” page.

The “Delete Asset Record” page appears.

The system displays the following in the “Document Information” group box:

Capitalization No.

The number identifying the asset capitalization.

Modify the following fields if required:

Capitalization Date	The date on which the assets are capitalized (Date Format). Mandatory. The system updates the capitalization date to the in-service date.
Finance Book	The finance book to which the accounting entries are to be posted.

The system displays the following fields in the “Asset Information” group box:

Asset Class Code	The code identifying the asset class of the capitalization document..
Asset Group Code	The code identifying the asset class of the capitalization document.
Cost Center	The code identifying the cost center under which the assets are physically or logically grouped

Asset No.

The number identifying the asset whose details are to be deleted.

Asset Description

The description of the asset.

The system displays the following in the “Tag Information” multiline.

Tag No.

The number identifying the asset tag.

Tag Description	The description of the tag.
Depreciation Category	The depreciation category to which the asset belongs.
In Service Date	The date on which the asset was put to use (Date Format). The system displays the capitalization date, by default. The date must be within the open financial year.
Business Use %	The usage of the asset in the business.
Tag Cost	The cost of the asset tag in base currency.

Proposal No.

The number identifying the asset proposal.

The system retrieves the proposal number, if the invoice has been raised based on the asset proposal.

Asset Location Code	The code identifying the asset location where the assets are physically present
Inventory Cycle	The frequency in which the assets are to be verified. The inventory cycles available are "Monthly", "Quarterly", "Half Yearly"," Yearly" and " Not Required". The system displays the first inventory cycle in the list by default.

Salvage Value	The scrap value of an asset.. . The system displays 0 by default on launch of the page.
Manufacturer	The company or the maker who manufactured the asset.
Barcode No.	The barcode number of the asset.
Serial No.	The serial number of the asset.
Warranty No.	The number identifying the warranty issued by the manufacturer.
Model	The model number of an asset.
Custodian	The name of the supervisor of assets.

Check the box in the “Select” column of the multiline to mark the asset tag.
Click the “Delete Tag” pushbutton to delete the selected tag of the asset.

Note: Atleast one row in the multiline must be marked for deletion.

The system regenerates the tag number. If an asset has 10 tags numbering 1 to 10 and if the tag number 3 and 7 are deleted, the system generates the sequential tag number, from 1 to 8
The system updates the status of an asset and the tags as “Deleted” only if all the tags for the asset are deleted
The document against which the deleted assets and tags were originally created, will again be eligible for capitalization.
The system updates the login ID of the user and the system date along with the modification details.
Click the “Delete Asset” pushbutton to delete the asset record.
The system saves the asset details in “Fresh” status.
The system updates the capitalized amount as the amount utilized against the asset proposal and updates the pending capitalization amount, to the invoices
The system updates the login ID of the user and the system date along with the modification details.

The system displays the following:

Created By	The login ID of the user who created the asset.
Created Date	The date on which the assets are created.
Last Modified By	The login ID of the user who modified the asset details last.
Last Modified Date	The date on which the asset details are last modified.

To proceed, carry out the following

Select the “Document Details” link at the bottom of the page to view document information for an asset.
Select the “Attach Notes’ link at the bottom of the page to add comments and record observations regarding the asset tags.
Select the “Accounting Information” link at the bottom of the page to view the account posting information.

Deleting the asset record details – An overview

This page allows you to delete the asset record details. You can also select specific tags and delete the tag .

The system regenerates the tag number on deleting. The system deletes the tag and the invoice used for creating the asset tag is released and can be used for any other asset tag creation. The system updates the login ID of the user and the system date along with the modification details.