Refer to this information to set up transactions for disposing of assets by selling them or by scrapping them.

In the form on the tab, select and to set up postings to the ledger.

For both transaction types, the is credited for the disposal value of the fixed asset. The debit is posted to an , which might be, for example, a bank account. If a fixed asset is sold to a customer, the customer account is used instead of the offset account.

Click and set up detailed accounts to reverse the net book value of the fixed asset. You also can enter information in the and fields in the form.

The disposal transaction for an asset in a low value pool reduces the net book value of the low value pool by the disposed amount only. However, when the sale of an asset is greater than the net book value of the low value pool, the net book value will be reduced to zero.

See Also