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.


Standard procedure

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 Post.
16. Close the page.
Related to Notes

Dispose a fixed asset

 

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