Fixed Assets - EBS (MOSC)

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Retiring an asset question

edited Feb 14, 2014 9:22AM in Fixed Assets - EBS (MOSC) 5 commentsAnswered

When retiring an asset, should the In Physical Inventory and In Use flags automatically be set to No (if they were Yes, prior to retirement), or is that something that must be done manually?  We have a user that retired an asset and was expecting to see those change, but we are new to the Fixed Assets module and were not sure what the expected behavior here is.  Didn't see those fields mentioned in regards to retirement in the user guide.  We are on R12.1.3.   Thanks.

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