Replace Asset

This function has two options:

•      Re-use Existing Asset                                          A Disposal transaction is processed on the existing Asset then a New Works transaction, allowing the Asset’s Asset ID and Family Code to remain the same.

•      New Asset                                                                          A Disposal transactions is processed on the existing Asset then a Purchase transaction, for which a Proposed Asset, which should be set up with the same or similar attributes to the Asset being replaced, must be available to become the new existing Asset.

Please note that Actions are not created during the Replace Asset process, so reporting on Purchase, New Works or Disposal Actions will not reflect the Replacement.

There is also a bulk Replace Assets function.  See the Updating Assets section.