Retiring assets

If an asset is no longer in use, you can retire it. When you retire an asset, you must complete disposition information for audit purposes.

About this task

You can manually remove the associations between the retired asset and people, locations, and organizations, or you can specify that associations are removed when the retire action is approved. You also can retire multiple assets at one time by completing a Disposition Request on the Requests tab.

Procedure

  1. In the portfolio, find and open the asset that you are retiring.
  2. Select the Retire action.
  3. Complete the details in the disposition form.
    Select the Auto Cleanup options if you want the associations between the asset and locations, people, and organizations to be removed automatically.
  4. Click Create.

What to do next

If you did not select the Auto Cleanup options, you can manually remove the associations between the asset and locations, people, and organizations.