Retire - Reinstating a Mass Retirement

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Distribution

Director of Fixed Assets Accounting

FA Administrator

FA Specialist

Related Procedures

None

Ownership

The Director of Fixed Assets Accounting is responsible for ensuring that this document is necessary, reflects actual practice, and supports University policy.

IS Assets
N ® Mass Transactions ® Retirements
Mass Retirements

Reinstating Mass Retirements

1. In the Mass Retirements window, use the Mass Transaction Number to find and select the transaction that you want to reinstate.

2. Click [Reinstate]. IS Assets reverses the mass retirement as follows:

If the Calculate Gains and Losses program has already run, IS Assets resets the status of the appropriate assets from to Processed to Reinstate. Run the program again to process the mass reinstatement when depreciation is run.
If the Calculate Gains and Losses program has not yet run, IS Assets simply deletes the appropriate PENDING retirement transactions. The associated assets are reinstated immediately.
If you save your work using the toolbar menu instead of selecting Retire, IS Assets saves the Mass Retirement definition but does not create pending retirements. Query later and run the Mass Retirement.
You cannot reinstate mass retirements in the previous fiscal year.
Effective: 08/16/04

Revision: 2

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