Reverse button on Project Assets window
HI,
Just want to know what is the purpose of the Reverse button which can be found in Assets window of Project accounting.
Navigation:
Project responsibility > Capitalization > Capital Projects > Type Project in the project number field > Click on Find Button > On Capital Projects window click on Assets > On the lower part of the Assets window Reverse button can be seen.
1. What is the function/purpose of the reverse button?
2. Will it be able to reverse the Asset in PA?
3. If the assets were already transferred to FA and already created a journal entry in GL. IF i use the reverse button in Asset window will it also reverse the entry in FA and GL?