Delete FA Disposals

The Delete FA Disposal form is designed to ensure accurate and consistent removal of fixed asset (FA) disposals by simultaneously deleting both the journal entry from the General Ledger and the corresponding line with the Entry Type 6 – Disposal of fixed asset from the Value tab of the FA record.

In cases where a disposal has been recorded incorrectly, manually deleting only the journal entry does not automatically remove the related line with the disposal Entry Type from the Value tab. Instead, only the Related Document field with the journal number is cleared, leaving the disposal entry visible in the Fixed assets register. This can result in inconsistencies between accounting records and the register. Additionally, the FA will no longer appear on any lists of active FAs or reports and will be excluded from future Depreciation Calculations.

Deleting the line with the disposal Entry Type in the Value tab is not possible as long as the related journal posting remains in the General Ledger. The Delete FA Disposal feature resolves this issue by ensuring both entries are removed together, maintaining alignment between FA and financial records.

The form can be accessed from the Fixed assets and Small Tools registers, by right-clicking in the Value tab.

Hint Examples of how to use the Delete FA Disposal form are described on the corresponding pages of the User Manual for PANTHEON.

The module consists of the following functional units:

Deactivation Date	Specifies the date on which the selected FAs were deactivated. By default, this field is automatically populated with the Deactivation Date of the FA where the right-click function was used in the Value tab.
Find FA (Find Fixed Asset)	Provides a quick search function for locating a specific FA within the list when multiple FA share the same Deactivation Date. Entering a FA inventory number and pressing Enter will highlight the corresponding FA row with a distinct black border.
Delete Disposal button	Clicking the Delete Disposal button initiates the deletion of the disposal for the selected FAs. This action removes the disposal journal entries from the General Ledger and simultaneously deletes the corresponding Entry Type 6 – Disposal of fixed asset lines from the Value tab of the selected FAs.
Sel. (Select)	Allows the selection of one or more FAs for which disposal data will be deleted. Right-click to select or deselect all.
Inventory No. (Inventory Number)	Lists the Inventory Numbers of all disposed FAs based on the Deactivation Date field.   Warning Active fixed assets will not appear in the list.
Name	The primary Name of the FA, such as Fence, Building or Computer as recorded in the Name field of the register’s Header.
Name 2	An optional secondary Name for further identification of the FA. For example, Lenovo ThinkPad T16, when the main Name field is simply Computer.
Date	Displays the date on which the deactivation entry of the FA was recorded in the Value tab. This information should be checked before deleting the disposal.
Value	Indicates the Value of the FA, as recorded in the Purchase Value field of the disposal line within the Value tab.