How to Scrap an Asset at a Previous Date?


I am trying to scrap an Asset but the problem with Asset Scrapping is the following, I cannot scrap the asset at an old date. Is there a way to scrap an asset a previous date?

No, it is not possible to scrap asset on a older date. I even tried to cancel and amend the related Journal entry, but was not allowed.

But I think this should be possible since many times people forget to scrap old assets and you need to scrap them at an older date for many reasons.

I am still waiting for a solution for this kind of a problem.

You can’t cancel but you can reverse the entry then duplicate the same with the correct posting date.