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Question

Fixed Assets with zero NBV still showing Active Status


We have several assets with NBV of $0.00 and beyond the end of Useful Life, but the status of the asset is still Active, while the status on the Balance tab shows Fully Depreciated. See below:

 

How do we get the statuses to synch up? This is not the case with all assets with no NBV.

Thanks.

2 replies

Samvel Petrosov
Jr Varsity II
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I guess the asset is not depreciated in all books, otherwise it was supposed to have Fully Depreciated status based on your description.

I see in the screenshot that it is fully depreciated in 1 book, do you have other books configured for that asset?

 

 

Here is the life cycle of the Fixed asset.

 


  • Author
  • Freshman I
  • 7 replies
  • March 13, 2025

@Samvel Petrosov , no, there is only one Book configured in the system (FIN).


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