Asset Transaction Record
Use asset transaction records to track and manage the details of each transaction recorded for an asset, from its post status to its account distributions. Access transactions in two ways:
To open, select a transaction's number to quickly view the amount, post status, and date. You can also edit, delete, review history, and add attachments directly from the record.
Tip: Indicators at the top of a transaction show whether it has been reversed or posted. Select Reversed to edit the reversal date.
Under Distributions, review account distribution information such as debit and credit accounts and the amount or percent to distribute. Use filters to quickly locate distributions, such as a list based on amount or amount type.
Note: Distributions doesn't appear on asset records set to "Do not depreciate."
Under Adjustments, review corrections made to the transaction. An adjustment reverses an incorrect post by creating another post with new distributions. You can only make adjustments to posted transactions.
Edit or Delete an Asset Transaction
If transaction details change, select Edit on the action bar to make your changes. For example, you can revise the post status or distribution information to ensure accurate reporting and account balances.
Tip: To correct a posted transaction, create an adjustment rather than editing it directly.
To delete a transaction, select Delete from the transaction record action bar.
Note: If you delete a posted transaction, a reversal distribution is created.