Can I delete an asset once it has depreciated? (Revert to Draft)

What can be deleted: 

  • Draft Assets can always be deleted
  • Any activated asset that has been activated in the current month can be deleted, even after activation. For example, if you have created/uploaded assets this month, then those assets can be deleted. But once a depreciation journal is created, the record is locked and it cannot be deleted by the user. Support can help beyond that point.

A depreciation journal has already been posted, can I still delete the asset or make an adjustment to the purchase price or purchase date?

YES, our support team can help!  You'll need to write to us at (please include the Asset.Guru Asset ID)

If you send Support the Asset ID, our team can revert the selected asset to draft status. 

This "revert to draft" does two main things:

  • The original asset is archived and kept for reference and will no longer appear in any depreciation reports
  • A copy of the original asset is put into a draft state where the newly created draft asset can be edited or deleted as required.

NB: Revert to Draft does not reverse any posted depreciation that was journaled. However you will find that amount Audit history of the original Fixed Asset so that you can post a manual balancing journal.

NB: You can always delete an asset before the end of the same month (ie before depreciation has occurred), you do not need to write to support to delete any activated assets that have not depreciated. 

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