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.


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. 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

 

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