Archived Registered Asset

This article explains how to archive a registered fixed asset by creating a Debit Note for the original purchase invoice in Qoyod.

When Is an Asset Considered Archived

A registered asset is considered archived once a Debit Note is created for the purchase invoice it was acquired under.

Path in Qoyod

Purchases › Purchase Invoices › Debit Notes › Create Debit Note

Steps

1. From the “Purchases” dropdown menu, open “Purchase Invoices”.
2. Click “Debit Notes”.
3. Click “Create Debit Note (+)”.
4. Select the original invoice for which to create a Debit Note.
5. From the “Registered Assets” dropdown menu, select the asset to be returned (archived).
6. Fill in any additional required information.
7. Click “Save and Approve”.

Result

The registered asset appears in the “Archived Assets” tab inside the Fixed Assets page and disappears from the active assets list.