You can use the Undo Posting utility to reverse the posting of an asset item disposal.
To undo the posting of the disposal of an asset item:
-
In
Vantagepoint, open the period in which the disposal posting was completed.
-
On the Navigation menu, click
.
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In the
Transaction Type field on the Undo Posting form, select
Cash Receipts or
Journal Entries.
Cash receipts are created for asset items that are sold. Journal entries are created for asset items that are scrapped.
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From the list of transaction files, select the file that you want to unpost and click
Undo Posting.
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On the dialog box that asks if you are sure that you want to unpost the selected file, click
Yes.
Vantagepoint reverses the entries that were posted to your general ledger, marks the original posting log for the disposal as
Removed, and creates a new posting log with an AL transaction type.
On the GL Book tab in the
Equipment hub:
- The status of the asset item in the
Asset Status field changes from
Disposed to
Inactive. You can change the status to
Active, as needed.
- The disposal date is removed from the
Disposal Date field.
Entries for the disposal are removed from the Summary and History tabs in
for the asset item.
If necessary, rerun disposal processing in the Asset Management application.