How to Cancel Sage Fixed Assets

To cancel the disposal of an asset in Sage Fixed Assets, follow these steps:

Disposal Cancellation Process

Preparing for Cancellation

• Ensure the disposal that needs to be cancelled was performed in the current or next fiscal year for each of the managed depreciation contexts.
• Verify that the disposal is not linked to the cancellation or the recording of the end of the financial leasing contract to which the asset is linked.

Steps to Cancel Disposal

• Open the asset disposal function in Sage Fixed Assets.
• Navigate to the Action parameters tab.
• Select the option to request the cancellation of a disposal.

Selecting Assets

• Go to the Extended selection tab to select the assets for which the disposal needs to be cancelled. Only assets that meet the specified criteria (disposal done in the current or next fiscal year and not linked to financial leasing contracts) will be available for selection.

Confirming Cancellation

• Once the assets are selected, click on the button to apply the cancellation parameters. A consistency check will be performed on the assets and any component assets.
• If necessary, adjust the disposal amounts in the control window. This window will display the selected list of assets and allow you to view and adjust the disposal amounts.
  • Use the first table to view the results of the cancellation on the assets.
  • Use the second table to view the net value and P&L amounts for each asset.
  • Confirm any adjustments using the Save button.

Finalizing the Cancellation

• After making any necessary adjustments, click on the End button to close the control window.
• In the setup entry window, confirm the mass update by clicking on OK, or abort the update by clicking on End.

Important Considerations

• Ensure that the disposal cancellation date is within the current or next fiscal year for each managed depreciation context.
• Assets that are inactive, in template holding type, or in the process of an intra-group transfer cannot be selected for disposal cancellation.
• Retroactive disposal cancellation is forbidden if the asset has been depreciated or revalued between the requested cancellation date and the end of the current period.