How To Retire An Asset

The Retire Asset function sets the Status of a non-valuation Asset and any of its children to “Disposed”.

To retire an Asset:

Step 1.       Open the relevant Asset

Step 2.       From the menu select Asset>Retire Asset

Things to be aware of:

•      You can’t retire an Asset that is a valuation Asset.  You must use the disposal process for this

•      You can’t retire an Asset that has any child valuation Assets that are not disposed

•      You can’t retire an Asset that has any uncompleted Actions associated with any of its children