All Collections
Retire, archive or delate an asset
Retire, archive or delate an asset

Learn how to manage your assets without affecting the accounting records of your business.

Rocío avatar
Written by Rocío
Updated over a week ago

The main reason for unregistering an asset is when it is lost or unusable. However, the actions of retiring, archiving, or disposing of an asset are often mistakenly associated with the end of depreciation.

Therefore, an asset must remain on the company's books even after it has been depreciated or sold. Also, you must identify the reasons to unregister, archive or dispose an asset to avoid inconsistencies in your accounting ledger and keep your business accounts running smoothly.

To retire, archive or delete an asset from the fixed assets, you must:

  1. Go to Assets.

  2. Select the asset from the list and access to its details.

  3. Click the three dots (⋮) button in the top right corner.

  4. Depending on the option you have selected, click Create or Delete.

  5. Confirm to continue.

Finally, if you click on Retire, you will need to enter the name or number of the accounting account in which you wish to record this change, a brief description of the asset and the reason for the retirement.

On the other hand, in Holded the remaining depreciation is calculated according to the retirement date, so you can create a separate depreciation for this amount.

☝🏼Accounting is included in Standard, Advanced and Premium plan. Check out Holded's plans and choose the one that best suits your business needs.

Did this answer your question?