Create and post disposal - scrap journal

Create and post a disposal-scrap journal to remove a fixed asset that has no remaining value.

Unlike a disposal-sale, the asset is written off without generating income.

Both transaction types use the same financial booking logic but require different posting profiles.

Set up a disposal-scrap 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. Click Proposals.

7. Click Disposal - scrap.

8. In the Disposal date field, enter a date.

9. Click Filter.

10. In the list, mark the selected row.

11. In the Criteria field, type a value.

    Note

    Specify the fixed asset number

12. Click OK.

13. Click OK.

14. Click Validate.

    Note

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

15. Click Dispose a fixed asset.

16. Close the page.