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.
| 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. |
| Related to | Notes |
|---|---|
|
Dispose a fixed asset |
  |