Hi,
If you have not reversed a fixed asset acquisition transaction test the reversal first in a demo system.
To do that
- navigate to the fixed asset module
- create a new fixed asset journal
- select the fixed asset and the posting type acquisition
- ensure that you select a negative amount in the DR field or alternatively a positive amount in the CR field
- the offset account should default from the fixed asset posting profiles.
- Post the journal and check the transaction created at the value model.
Note:
- If you work with more than a single value model, ensure that you selected the other value models in the derived value model field in the FA journal.
- It would be best if you get some help from a fixed asset accountant if you have not done this before.
- What about your item? How many 'fixed asset items' do you still have on stock? If there is still something on stock don't you need to cleanse also this quantity and the inventory transactions?
Best regards,
Ludwig