NetAsset - Transaction Deletion

Use Case: If you need to make a change to an asset but you already ran the depreciation entry for the month, the easiest way to fix this is to delete the journal entry for that month. You can then perform the fix and rerun the depreciation entry.

Option 1 - Delete a journal in an open period

STEP BY STEP PROCESS

  • Click on the journal entry link that needs to be delete

  • Click Edit
  • Under the Actions drop down select Delete

  • Once these steps are completed it will open the prior period(s) to make revaluations or disposals


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