Reference: Dispose of, Remove, or Delete Assets

Workday recommends that you dispose of assets that you no longer track in your accounting records. When you register assets by mistake, you can remove them. In restricted use cases, you might want to delete all assets from a company asset book permanently. You can still find assets that you dispose of, remove, or delete from an asset book with the

Find Assets

report.

Action	Considerations	Accounting
Dispose of Assets	You can dispose of assets that you no longer track in your accounting records. See Dispose of Assets. Example: You sell assets.	When you fully dispose of assets, Workday generates accounting based on the asset disposal method. See Concept: Accounting Impact of Asset Lifecycle Events.
Remove Business Assets	You can remove assets that you register by mistake, when they meet the conditions for removal. When you create assets from project capitalization, you have to remove all the business assets that you create from the same project asset.  See Remove Assets. Example: You remove assets created from canceled supplier invoices.	On assets that you remove, Workday also removes any: Posted depreciation. Cost tracking activities. Workers. For business assets that you create when you capitalize project assets, Workday moves the uncapitalized cost back to the project assets.
Delete Assets from Company Asset Books	This restricted action deletes all assets from a nonaccounting or secondary accounting book. You might need to delete all assets from an asset book: When you implement Workday. Example: You delete all assets that you migrated from your legacy system to fix an issue with the migration. To remove asset books from a company. You can't undo this action. When you delete all assets from an asset book, Workday permanently deletes their asset book configuration. Assets that you add back with the Add Assets to Company Asset Book task might not be in the same state they were in before you deleted them. To request that we temporarily enable this task for your tenant, contact your Customer Success Manager.	Workday doesn't remove operational journals. To remove spend lines from ledger accounts, you can create manual journals.