Accounting Finance:Asset Disposals

Asset Disposals

• The disposal function:

 -Automatically calculates profit and loss as well as reverses the balance
 -Depreciation will be posted for the current month. 

• Displays error messages and does not allow you to update the disposal if the accounts are not correct.
• You must correct the asset and table before you can update the disposal proposal.

Enter Disposal Tasks

• Click Asset Management→Asset management financial tasks→Disposal tasks→Work with disposals
• Click Add (left side on blue panel)

1. Enter the Proposal description
2. Click enter
3. Enter the Asset number
4. Enter the Disposal type
5. Enter the Disposal period
6. Enter the Disposal date
7. Enter the Disposal amount
8. Click enter
9. Click F12

• Double-click Asset number

1. Click Accounting to review general ledgers
2. Click F12
3. Click Depr Adjustments to review current period depreciation
4. Click F12

Disposal activity selection and parameter update

• Click F12
• Click Print/Update files
• Click enter

• Change Update G/L trans to "no" if you do not wish to update G/L
• Change printer queue
• Click enter