You can sell or scrap a business object. This differs from a fixed asset. Use the Fixed asset to inventory journal to unlink the business object and sell the asset. This journal also converts the business object into inventory.
You can trigger this process using a sales order in Rental Management. However, you must post the journal manually. After selling the business object, it receives the external category.
Make sure the financial and physical owners are the same. If the object is cross rented across legal entities, you must align ownership before disposal. Also, manually update the status and last on-rent date of the business object after disposing.
| Name | Responsible | Description |
|---|---|---|
|
Depreciation dates |
Finance manager |
The Depreciate was last run field is standard. You can enter it manually or it fills in automatically after depreciation runs. The Depreciate until field on the Fixed asset page relates to the business object. Both fields must match to scrap the fixed asset or convert the rental object to inventory. Finance specialists use this field to validate the fixed asset. It helps confirm whether the business object is still on rent. You must manually update the last on-rent date. This ensures proper validation before the object is converted or written down. |
|
Business object selling |
Finance manager |
This process explains how to sell a business object manually or automatically. In both cases, the fixed asset is sold. To sell a business object manually:
To sell a business object automatically:
|
|
Business object write down |
Finance manager |
If a business object has no value and you must remove it from inventory, use the standard Inventory adjustment journal. This journal posts the profit or loss using the appropriate general ledger posting profile. |
|
Specify last on-rent date on the object |
Finance manager |
Manually enter the last on-rent date for a business object that will be sold or written down. This step ensures the object is removed from rental availability. This update is not done automatically when posting the Fixed asset to inventory journal. You must complete it manually. |
|
Bulk business object disposal |
Finance manager |
This process explains how to dispose of bulk business objects. The disposal process for bulk objects differs from that of serialized objects. Bulk business objects are not linked to a specific fixed asset. Instead, they are linked to child fixed assets when used on a rental order. |
| Name | Responsible | Description |
|---|---|---|
|
Depreciation dates |
Finance manager |
The Depreciate was last run field is standard. You can enter it manually or it fills in automatically after depreciation runs. The Depreciate until field on the Fixed asset page relates to the business object. Both fields must match to scrap the fixed asset or convert the rental object to inventory. Finance specialists use this field to validate the fixed asset. It helps confirm whether the business object is still on rent. You must manually update the last on-rent date. This ensures proper validation before the object is converted or written down. |
|
Business object selling |
Finance manager |
This process explains how to sell a business object manually or automatically. In both cases, the fixed asset is sold. To sell a business object manually:
To sell a business object automatically:
|
|
Business object write down |
Finance manager |
If a business object has no value and you must remove it from inventory, use the standard Inventory adjustment journal. This journal posts the profit or loss using the appropriate general ledger posting profile. |
|
Specify last on-rent date on the object |
Finance manager |
Manually enter the last on-rent date for a business object that will be sold or written down. This step ensures the object is removed from rental availability. This update is not done automatically when posting the Fixed asset to inventory journal. You must complete it manually. |
|
Bulk business object disposal |
Finance manager |
This process explains how to dispose of bulk business objects. The disposal process for bulk objects differs from that of serialized objects. Bulk business objects are not linked to a specific fixed asset. Instead, they are linked to child fixed assets when used on a rental order. |
