Skip to main content

Write-off and Reversal

The write-off feature allows you to remove assets from the company's active assets. The reversal allows you to undo a write-off made by mistake.

Perform Write-off​

  1. Go to Operations → Write-off/Reversal
  2. Select the assets you want to write off
  3. Fill in:
    • Write-off date — Date when the write-off is being performed
    • Write-off reason — Select the reason (sale, disposal, accident, etc.)
    • Note — Optional field for additional details
  4. Click Confirm Write-off

Reverse Write-off​

If a write-off was performed by mistake:

  1. Filter written-off assets
  2. Select the asset(s) to reverse
  3. Click Reverse
  4. Confirm the operation
Attention

Write-off reversal is only possible if the accounting period is still open. After the period is closed, you will need to reverse the period before reversing the write-off.

Write-off Impacts​

When performing a write-off:

  • The asset is marked as Written Off
  • Depreciation is stopped
  • Accounting balances are automatically updated