Create and post disposal - sale journal

Create and post a disposal-sale journal to remove a fixed asset from the books when it is no longer useful.

The company receives a value from the sale, unlike a disposal-scrap.

Both transactions are booked the same way financially but use different posting profiles.

Set up a disposal-sale posting profile before using this journal.

Steps

1. Go to Fixed assets > Journal entries > Fixed assets journal.

2. Click New.

3. In the list, mark the selected row.

4. In the Name field, enter or select a value.

   Note

   This journal name should be created beforehand

5. Click Lines.

6. In the list, mark the selected row.

7. In the Transaction type field, select an option.

   Note

   Choose the Disposal-sale transaction type.

8. In the Account field, specify the desired values.

   Note

   This is the fixed asset number

9. In the Book field, enter or select a value.

10. In the Credit field, enter a number.

11. Click Validate.

12. Click Validate.

    Note

    This is a non-mandatory step but useful for verification. An amount is not needed for selling the fixed asset as scrap

13. Click Post.

14. Close the page.