9.2 Retiring Parent and Child Assets

Purpose:  Use this document to retire parent and child assets in ctcLink.

Audience:  Finance staff

You must have at least one of these local college managed security roles:

  • ZZ Asset Processing

If you need assistance with the above security roles, please contact your local college supervisor or IT Admin to request role access.

Retiring Parent and Child Assets

Navigation:  NavBar > Navigator > Asset Management > Asset Transactions > Asset Disposal > Retire/Reinstate Asset

  1. The Asset Retirements search page displays.
  2. Enter Business Unit.
  3. Enter other Search Criteria to identify your asset(s).
  4. Select Search.
Asset Retirements search page
  1. The Retire Assets tab displays.
  2. Select Retire As.

Use the Retire As list to specify the type of retirement transactions to process by selecting from the list of disposable codes. Then, depending on the status of the asset, click Go or Reinstate.  

Until you choose Go or Reinstate, you cannot enter information into other fields.

  1. Select Go.
Retire Assets tab
  1. The Retire Assets tab's fields are available for input.  Adjust as needed.
  2. Select the Child Assets tab.
Retire Assets tab
  1. The Child Assets tab displays.
  2. Use this tab to select child assets to include in the retirement transaction you initiated against the parent on the Retire Assets tab.
  3. Retire individual child assets by checking the Selected box for each asset; or, select the Select All icon to retire all child assets.
  4. Select Save.
Child Assets tab
  1. Asset Status updates to "Disposed".
  2. Process complete.

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