Remove Assets

Set up asset tracking or asset accounting. See:

Configure the Asset Removal Event
business process and security policy in the Business Asset Tracking functional area.

You can remove assets that you register by mistake, as long as they have only these types of lifecycle events:

Issue

Transfer

To remove these asset types, also consider:

Asset Type	Condition
Discrete Composite	You can only remove discrete composite assets after you remove all their components.
Registered from Project Capitalization	If you created multiple assets upon capitalization, you can only remove all or none. You can't remove assets when any of the assets created from the same project asset have an adjustment or are disposed of.
Registered from Receipt	You can only remove assets for which you either: Haven't posted any depreciation. Cancel the receipt. Cancel the contract on leased assets that you create from a supplier contract.
Registered from Supplier Invoice	You can only remove assets for which you either: Haven't posted any depreciation. Cancel the supplier invoice.

Alternatively, you can dispose of assets when you:

Can't remove the assets.

Want to keep accounting records of the assets.

Take 1 of these actions:

Select

Business Asset

Remove Asset

from the related actions menu of a business asset.

Select

Project Asset

Remove Business Assets

from the related actions menu of a project asset to remove all business assets created from the project asset capitalization.

You can access the related actions menu of the project asset in the

Acquisition Information

section on the

General

tab of a business asset created from project asset capitalization.

Enter an effective date for the transaction that comes after all events on the business asset.

Complete the task.

Workday sets the business asset status to Removed
and removes any:

Posted depreciation.

Cost tracking activities.

Workers on the asset.

For business assets created from project capitalization, Workday:

Moves the uncapitalized cost back to the project asset.

Makes the capital project asset unavailable for further adjustments.