Set the correction treatment for Fixed Assets Management

The Correction treatment setting determines how Fixed Assets Management handles corrections to processed transactions.

Choose one of the following options:

  • Revert: Deletes the original transaction and journal entries.

  • Reverse: Preserves the original transaction and journal entries and creates separate journal entries to offset the original transaction.

By default, the correction treatment is set to Revert. You can switch between Revert and Reverse at any time. The current setting determines which correction actions are available. Changing the setting does not affect transactions that have already been reverted or reversed.

Subscription Fixed Assets Management

Administration
Regional availability

All regions

User type Business user with admin privileges
Permissions

Administration

  • Application subscriptions: Configure
  1. Go to Fixed Assets Management > Setup > Configuration.
  2. Select Edit.

  3. In the Journals and accounts section, set Correction treatment to Revert or Reverse.

  4. Select Save.