/visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-reversal section 2026-02-19T17:09:06+01:00 # Fixed asset reversal /visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-reversal/about-fixed-asset-reversal page In Visma Net, if a fixed asset has released transactions associated with it, you cannot delete this asset from the system. 2026-02-19T17:09:06+01:00 # About fixed asset reversal In Visma Net, if a fixed asset has released transactions associated with it, you cannot delete this asset from the system. In Visma Net, if a fixed asset has released transactions associated with it, you cannot delete this asset from the system. In this case, you can reverse the transactions and then annul the asset. For example, suppose that you have created a new asset by converting a purchase to a fixed asset. Then you have realised that the wrong receipt date is specified in the fixed asset record. This date cannot be edited because the corresponding transactions (**Purchasing +** and **Reconciliation +** ) have already been released. For more information, see: [About types of fixed asset transactions](/visma-net-erp/help/fixed-assets/manage-fixed-assets/about-types-of-fixed-asset-transactions/) In this case, you can annul this asset and again convert a purchase to a fixed asset with the correct settings. You annul the asset by using the reverse procedure. When you invoke this procedure, all transactions associated with the fixed asset are reversed in the corresponding book in which the original transactions are posted, and the asset gets the **Reversed** status. For transactions recorded in the non-posting book, the reversal transactions are posted to the same financial period as the period of the original transactions. For transactions recorded in the posting book in the book that updates general ledger or the reversal transactions are posted to the period of the original transactions only if this period is open; if the period of the original transactions is closed, the reversal transactions are posted to the nearest open financial period. ## Reversing a fixed asset To reverse a fixed asset, in the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window, you need to select the required fixed asset in the **Asset ID** field, and click **Reverse** in the **Actions** menu on the toolbar. Reversal of an asset yields the following results: + Reversal transactions are generated for all original fixed asset transactions in the corresponding fixed asset book. + The annulled asset is displayed as **Reversed** on reports, with the depreciable basis and the amount of accumulated depreciation equal to zero. The status of the asset at the moment of the reversal must be **Active**. The reversed asset cannot be deleted or edited.

Related pages

Concepts

• About changes in fixed asset estimates
• About fixed asset entry
• About fixed asset types
• About fixed asset adjustment transactions
• About types of fixed asset transactions

Tasks

• Change net book value of an asset
• Change the salvage value of an asset
• Change the useful life of an asset
• Convert purchased items to components of a fixed asset
• Delete a fixed asset
• Delete an unreleased fixed asset transaction
• Dispose of an asset
• Enter an asset
• Import fixed assets
• Release a fixed asset transaction
• Reverse an asset disposal
• Reverse an asset
• Suspend asset depreciation
• Transfer an individual asset

Windows

• Fixed assets (FA303000)
• Asset transaction history (FA404000)
• Fixed assets preferences (FA101000)
• Account balance by assets (FA401000)

/visma-net-erp/help/fixed-assets/manage-fixed-assets/fixed-asset-reversal/reverse-an-asset page You use the Fixed assets (FA303000) window to annul a fixed asset in Visma Net by using the reverse procedure. 2026-02-19T17:09:06+01:00 # Reverse an asset You use the Fixed assets (FA303000) window to annul a fixed asset in Visma Net by using the reverse procedure. For more information: [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/). 1. Go to the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window. 1. In the **Asset ID** field of the top part, select the asset you need to reverse. You can reverse an asset with the Active status only. 1. 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. > [!NOTE] > 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. 1. Release the resulting transactions as dictated by your company workflow. [Release multiple fixed asset transactions](/visma-net-erp/help/fixed-assets/daily-routines/release-multiple-fixed-asset-transactions/) For more information, see:

Related pages

Concepts

• About changes in fixed asset estimates
• About fixed asset entry
• About fixed asset reversal
• About fixed asset types
• About fixed asset adjustment transactions

Tasks

• Change net book value of an asset
• Change the salvage value of an asset
• Change the useful life of an asset
• Convert purchased items to components of a fixed asset
• Delete a fixed asset
• Delete an unreleased fixed asset transaction
• Dispose of an asset
• Enter an asset
• Import fixed assets
• Release a fixed asset transaction
• Reverse an asset disposal
• Suspend asset depreciation
• Transfer an individual asset

Windows

• Fixed assets (FA303000)