FA Release Act

To release a fixed asset, the FA Release Act is used.

To create an FA Release Act:

1. Click to open Search, enter Fixed Asset Release Acts, follow the link.
2. On the Fixed Asset Release Acts list page, click New to create a new Act.
3. On the card of the new Act, the No., Posting Description and Act Type fields will be filled in automatically. It is necessary to set the values for Document Date and Posting Date fields.
4. In the Act lines, fill in the FA No. field by selecting the number of the released FA from the drop-down list. The Amount, Depreciation Book Code, New Depreciation Book Code, FA Location Code and FA Employee No. fields will be filled in automatically from the fixed asset card. The Salvage Value field is manually filled with a "-" sign.

NOTE
FA Employee No is always available for selection, and when the Employee No. Mandatory setting is enabled on the Fixed Asset Setup page, the field becomes mandatory for completion.

5. To view or add document signatures, click Employee Signatures.
6. To post the Act, click Post. The document will be moved to the Posted Fixed Asset Releases page.

From the posted or non-posted FA Release Act, it is possible to print out the printed form of the Act by clicking Print.