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Question

Deleting Fixed assets with released and posted GL transactions

  • December 12, 2025
  • 2 replies
  • 11 views

nmizzell9000
Varsity I
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Hi Acumatica,

Goal: To delete a fixed asset that has transactions released and posted to GL

Background: We accidentally released a fixed asset purchasing transaction, and in the moment, posted the incorrect transaction to the GL, and posted a reversing entry in the GL. Now, when we attempt to delete the fixed asset, Acumatica disallows this. Furthermore, Acumatica disallows the deletion of the purchasing transaction that was created for the asset (and subsequently released and posted to the GL).

Please help!

Thank you,

 

2 replies

nickcerri32
Jr Varsity III
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  • Jr Varsity III
  • December 12, 2025

@nmizzell9000 Unfortunately, Acumatica fundamentally won’t let you delete anything related to a transaction that’s been posted.  Short of a customization, the general approach here would be to generate a reversing transaction for any/all relevant transactions and set the asset to on hold (no inactive option).  

Somewhat related article » Once i have reversed a fully depreciated or overly depreciated asset , how can i delete it from the system so i can re-create the same asset ? | Community


  • Acumatica Employee
  • December 12, 2025

@nmizzell9000  You use the Fixed Assets (FA303000) form to annul or rescind a fixed asset in Acumatica ERP by using the reverse procedure.

To Reverse a Fixed Asset

1.  Open the Fixed Assets (FA303000) form.
2.  In the Asset ID box of the summary area, select the asset you need to reverse.

            You can reverse an asset with the Active status only.

3.  On the More menu (under Corrections), 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.
5.  The status of the Fixed Asset will be set to "Reversed"