If a rental business object is no longer needed, you must scrap or sell it. Unlike a fixed asset, it follows a different process and does not use the standard disposal or scrap journal.
First, convert the business object to inventory by using the Fixed asset to inventory journal in the Business object module. Then, sell it through a sales order or scrap it using an Inventory adjustment journal.
The business object must be off-rented and unlinked from its fixed asset. In Rental Management, the Business object module integrates with the Fixed assets module. You cannot dispose of or sell the object while it is assigned to a fixed asset and still on rent.
This flow describes the standard Rental Management process to convert a business object to inventory before selling or scrapping it.
You must off-rent the business object first. A financial specialist must validate the 'Depreciate until' date. This date is specific to Rental Management and must match the depreciation date of the fixed asset. You must validate this before posting the Fixed asset to inventory journal.