FA Sale

When selling a fixed asset, the disposal amount must be posted in order to calculate and record profit or loss. The write-off entry must be the last entry posted to the fixed asset.

Note
Sale is possible only for fixed assets with the Inventory, Operation, For Sale statuses.

Settings

Before selling a fixed asset, it is necessary to set up FA sale posting:

• on the Fixed Asset Setup page, select the option in the Disp. without Writeoff Act field, if you do not need to create an FA Write-off Act for sales posting. Disable this option if you need to check whether an FA Write-off Act exists in the system.

Sale and View of Sale Entries

When selling a fixed asset, the sale amount is posted to the General Ledger where the result can be viewed.

1. Create Sales Invoice.
2. On the Lines tab, Type and No. fields, select the required fixed asset to be sold.
3. Post the Sales Invoice.
4. Click to open Search, enter Fixed Assets, follow the link.
5. Select the fixed asset, the entries of which you want to view, from the list, click Related > History > Ledger Entries.
6. Select a line with Disposal value in the FA Posting Category field, then click Find Entries....
7. On the Find Entries page, select the G/L Entry line and click View.
   The General Ledger Entries page opens where you can view entries created as a result of posting a sale.

See Also

Fixed Asset Card
Creating a Fixed Asset card
FA acquisition and distribution of additional expenses
FA Release Act
Transfer Item to FA
FA Write-off