Deleting Component Transactions

This document provides an overview on how to delete existing postings to the financial transactions ledger for an asset component in the Metrix Asset Management system.

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Deleting a transaction CANNOT BE UNDONE and should only be performed as a last resort. An alternative option (to deleting a transaction) would be to post a transaction of the same transaction type, with an obverse value to the transaction you are over-riding, where allowed by the transaction type.

To delete an existing financial transactions ledger entry for an asset component:

  1. Navigate to the desired asset component and select the transactions info panel.

  2. Within the transactions info panel is a section title ‘Transaction History’. It is here that users can see past recorded movements, and delete them.

  3. In the transaction history table, each entry contains a ‘Delete’ option (rendered as a trash-can) on the far right-hand side of the row. To delete a transaction entry, click this button.

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    When processing the deletion of one or more transactions, the system considers the following:

    • Following removal of the transactions, the component must not be left with a negative carrying value.
    • Transactions from previous financial periods cannot be removed.

    These restrictions do not apply to transactions that have not yet been saved/committed to the system.

  4. Repeat the above step for each transaction that you may need to remove.

  5. The transaction(s) have been STAGED for removal and are ready to save.