Fixed assets> Periodic> Writing off on lifetime

Use this form to write off fixed asset journals. You can create a write off-transaction to specify the physical disposal of a fixed asset when its useful life has expired.

Tasks that use this form

Navigating the form

The following tables provide descriptions for the controls in this form.

Tabs

Tab

Description

Overview

Create or update a fixed asset journal for the write-off transaction.

General

View or modify the details of the fixed asset journal selected on the Overviewtab.

Buttons

Button

Description

Lines

Open the Writing off lines creationform to specify selection criteria for creating fixed asset journal lines for the write-off transaction.

Close

Confirm and close the write-off journal.

FA journal

Open the FA journal transactionform to write off a lifetime transaction.

Note Note

This button is enabled only when you confirm and close the write-off journal.


Fields

Field

Description

Writing off date

View or modify the journal date for the write-off transaction.

Note Note

The write-off date is equal to the depreciation start date plus the useful life of the asset.


Journal number

The fixed asset journal number for the write-off transaction.

Write-off condition

Select the condition for writing off fixed assets from the following options:

  • On lifetime– Based on the fixed asset lifetime.

  • On depreciation group– Based on the fixed asset depreciation group.

Name

Select the journal name for the write-off transaction.

Posted

This check box is selected if the fixed asset journal has been posted.

FA journal

The ledger-journal batch number.

See Also