You can run this process to delete depreciation batches, or asset-specific transactions within a batch, that have been generated in the current period. You can run this process — for example, if you become aware that some parameters were incorrect or some assets were excluded when depreciation was last run.
Each option and field on the form is described below. Mandatory options and fields are highlighted in red.
Period End
The default value is the current period end date. You can change it to another period provided you can post to prior or future periods.
The text beside the Period End date indicates the period for which the depreciation are deleted.
Batch
A list of batches generated in the period selected above are available to select here. Select the depreciation batch from which transactions are to be deleted.
Asset Range
The deletion can apply to all assets, a single asset, or a range of assets in the selected batch that you select here.
Output Options
Select:
Click the Delete button. The process deletes depreciation transactions that were generated in the selected batch and general ledger journals for the selected assets.
Once the process is complete, asset balances update and you can't view the original transactions on the Transactions tab on the Asset Maintenance form.