User Guide
Negative Assets
The Negative Assets functionality allows you to upload assets with negative costs either manually or via the Import function. This is typically used as a substitute to cancel depreciations and related GL Transactions of existing assets, as GL Transactions do not allow negative amounts.
Creating a negative Asset uses the same steps as creating an Asset. The only difference is adding a “-” sign before the Asset Cost and Accumulated Depreciation to ensure negative depreciations are generated. Disposal of a negative Asset can be achieved using the same procedure as for regular assets. The Sales/Disposal values for negative assets can only be disposed at $0; it cannot be disposed at positive or negative values.