Disposals

Caroline Buckland Updated by Caroline Buckland

The process

A disposal enables Fixed Assets to reflect that an asset's record, or a portion of it, is no longer contributing value to the company.

Fixed Assets enables disposals to be performed for a whole asset, or for part of an asset.  The disposals are distinguished by calling them Full Disposals (FD) or Partial Disposals (PD) respectively.

To Dispose of an Asset.

Access the Asset Disposal Screen.

To access the Asset Register follow the menu options, Fixed Assets- FA Processes-Asset Maintenance-Asset Register.

Enter the Asset number in the Selection Window or enter another criteria. Select Search.

Alternatively just select Search to retrieve a full list of assets.

Create Disposal

Select the asset you wish to dispose and select the Disposals: List Insert Full button

Press Enter on the Keyboard to default the values. You can enter a Sale Proceeds value if applicable or enter a zero value.

Update the Disposal

Select Save.

Access the Valuations list where you can view the Disposal.

To view the General Ledger postings access Valuations list screen.

The select the button Go: General Ledger

Was this article useful?

Revaluation

Relife

Contact