Selling Fixed Assets
A sale or transfer of a fixed asset consists of two stages.
Stage 1: Depreciation of fixed assets
- Go to Departments > Financial management > Fixed Assets > FA G/L Journals.
- Fill the journal lines:
| Field | Description |
|---|---|
| Posting Date | Specifies the same date as the FA Posting Date field when the line is posted. |
| Account Type | Fixed Asset |
| Account No. | Fixed asset code to be depreciate |
| Depreciation Book Code | Specifies the code for the depreciation book to which the line will be posted |
| FA Posting Type | Depriciation |
| Amount | not fill |
| Bal. Account Type | G/L Account |
| Bal.Account No. | G/L Account for expenses related to the sale of fixed assets |
| Depr. until FA Posting Date | Selected |
Stage 2: Sale of fixed assets by the sales account
- Go to Financial management > Receivables > Invoices
- The fields in the document header are filled in the same way as the sales order fields.
- Fill the lines:
| Field | Description |
|---|---|
| Type | Fixed Asset |
| No. | Fixed Asset Code |
| Quantity | 1 |
| Unit Price | Price of Fixed Asset |
- Post the invoice.
See Also
Note
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