Reverse an asset

You use the Fixed assets (FA303000) window to annul a fixed asset in Visma Net by using the reverse procedure.

  1. Go to the Fixed assets (FA303000) window.
  2. In the Asset ID field of the top part, select the asset you need to reverse. You can reverse an asset with the Active status only.
  3. Click Reverse.
    The asset is reversed; reversal transactions are generated for all released transactions associated with this fixed asset and posted to the same book as the original transactions.
    In the posting book, if the financial period of the original fixed asset transactions is already closed, the reversal transactions will be posted to the nearest open financial period.
  4. Release the resulting transactions as dictated by your company workflow.
    For more information, see: Release multiple fixed asset transactions

Related concepts

About changes in fixed asset estimates

About fixed asset entry

About fixed asset reversal

About fixed asset types

About fixed asset adjustment transactions

Related tasks

Change net book value of an asset

Change the salvage value of an asset

Change the useful life of an asset

Convert purchased items to components of a fixed asset

Delete a fixed asset

Delete an unreleased fixed asset transaction

Dispose of an asset

Enter an asset

Import fixed assets

Release a fixed asset transaction

Reverse an asset disposal

Suspend asset depreciation

Transfer an individual asset

Related windows

Fixed assets (FA303000)