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.
| 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. |
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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. |
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Note: Specify the fixed asset number |
| 12. | Click OK. |
| 13. | Click OK. |
| 14. | Click Validate. |
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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 |
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Dispose a fixed asset |
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