Reverse Depreciation – A summary of the activity

This activity allows you to reverse the entries generated during depreciation processing. You can search and select the process run in “Confirmed” or “Partially Confirmed” statuses for reversal. You can reverse an individual asset or all the assets belonging to the process run. This activity also allows you to reverse the assets in batches. After reversal, status of the asset/tag becomes “Unprocessed” and hence, they will again be made available for depreciation processing. You can also view the accounting information and the function defaults set for the depreciation processing.

The system generates the document number based on the numbering type selected. The system posts the reversal accounting entry in the depreciation book. The system credits the revaluation reserve if the revaluation depreciation is an upward revaluation. The system updates the status of the asset/tag selected to “Unprocessed” and updates the status of the revaluation depreciation processing to “Unprocessed”.

Getting familiar with the pages inside

What you can do in this activity

Reverse assets in batches

Reverse the process run

Reverse assets in batches

If the number of assets selected for reversal exceeds certain limit, then the assets can be reversed in batches.

•  Go to “Reverse Depreciation” page.

•  Specify the reversal date and the numbering type.

•  Reverse the selected assets in batches.

The system updates the status of asset/tag to “Unprocessed”.

Reverse the process run

All the assets belonging to the process run can be reversed.

•  Go to “Select Reversal Assets” page.

•  Select the process run in the reversal option.

•  Specify the process run number and retrieve the details.

• Reverse the depreciation.