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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.

1. 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. Click on OK.

Alternatively just click on OK to retrieve a full list of assets.

2. Create Disposal

Click against the asset you wish to dispose and select the Disposals button

Then click on Insert Full Disposal icon.

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

3. Update the Disposal

Click on Update. Access the Valuations list where you can view the Disposal.

Access the Valuation Screen.

Exit back to Asset List. Click on the Valuations button against your asset.

To view the General Ledger postings access the List Journals screen. General Ledger-Data Entry-List Journals

Click on OK to retrieve all journals. Locate the journal, you can filter by your User ID and Source system of Fixed Assets.

Select the View icon and click on Lines to view the disposal postings.

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