You can create a write-off per term transaction to record the physical disposal of fixed assets with a Closedstatus, which means that the useful life of the asset has expired.

For all fixed assets with a Closedstatus, enter the Release yearfield in years on the Generaltab of the Fixed assetsform.

  1. Click Fixed assets> Periodic> Writing off on lifetimeto open the Writing off on lifetimeform.

  2. Press CTRL+N to create a new record.

  3. In the Writing off datefield, view or modify the date of the transaction. The write-off date is equal to the depreciation start date plus the number of years of useful life of the asset.

  4. In the Write-off conditionfield, select the condition for writing off the fixed assets as On lifetime.

  5. In the Namefield, select the write-off journal name.

  6. Click Linesto open the Writing off lines creationform.

  7. Click Selectto open the Assetsform, and then enter the selection criteria to select the fixed assets to write off.

  8. Click OKto open the Journal lines of write-off on conditionform to view the fixed assets whose useful life has expired. The Writing off profiletab in the lower pane of the form displays information on posting profiles. If you have not entered the posting profiles for the write-off transaction, then the status of the asset for a closed journal changes from Closedto Written off (sale)in the Fixed assetsform. If you have set up the posting profile, the write-off transaction is recorded in the FA journal.

    Note Note

    For more information, see (RUS) Set up fixed asset posting profiles.

  9. Press CTRL+S or close the Journal lines of write-off on conditionform.

  10. In the Writing off on lifetimeform, click Closeto close the write-off journal by period.

  11. Click FA journalto open the Journalform, and then click Post> Postto post the write-off transactions for which you have set up the posting profile for write-off. The status of the assets changes from Closedto Written off (sale)in the Fixed assetsform, and these assets will not be included in reports that display duplicate fixed assets.

  12. Press CTRL+S or close the form.

See Also