1. Equipment Rental
  2. Rental Management
  3. Flows

Business object selling
Activity Flow

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:

  1. Post the Fixed asset to inventory journal.
  2. Create a sales order with the item and serial number.

To sell a business object automatically:

  1. Use the Rental Management functionality to generate the journal and confirm the sales order.
  2. Post the journal manually.

Finance manager Finance manager Start Start Fixed asset to inventory journal Fixed asset to inventory journal Use the fixed asset to inventory journal to remove the fixed asset from the business object and immediately dispose of it. This also converts the business object into an inventory item so you can sell or write it down. Procedure 1. Go to Business objects > Journals > Fixed assets to inventory. 2. Click New. 3. In the list, mark the selected row. 4. Click Lines. 5. Click New. 6. In the list, mark the selected row. 7. In the Fixed asset number field, enter or select a value. Note: The serial number of the associated business object will appear on the line 8. In the Site field, enter or select a value. 9. In the Warehouse field, type a value. 10. Click Post. Note: The depreciation dates between the fixed asset books and the ''depreciate until'' date on the fixed asset must be the same - an error will appear if they are not 11. Click OK. Auto or manual selling of the object and fixed asset? Auto or manual selling of the object and fixed asset? Sell the business object in a sales order Sell the business object in a sales order After converting a business object to an inventory item, you can sell it as a standard inventory item in a sales order. Procedure 1. Go to Sales and marketing > Sales orders > All sales orders. 2. Click New. 3. In the Customer account field, enter or select a value. 4. Click OK. 5. In the Item number field, enter or select a value. 6. In the Site field, enter or select a value. 7. In the Warehouse field, enter or select a value. 8. In the Serial number field, enter or select a value. Note: This is the serial number of the business object - it appears now as an inventory item because it has been converted 9. On the Action Pane, click Sell. 10. Click Confirm. 11. On the Action Pane, click Pick and pack. 12. Click Post packing slip. 13. Click No. 14. Click OK. 15. Close the page. Sell the business object and fixed asset in a sales order Sell the business object and fixed asset in a sales order To sell a business object and its related fixed asset through a sales order, make sure the settings are correct. Set Auto-convert asset sales to Yes. Set Sell fixed asset to Yes. After processing the sales order, a fixed asset to inventory journal is created automatically. You must post this journal manually. Before posting, synchronize the depreciation dates. For more information, see the Depreciation dates activity. Procedure 1. Go to Sales and marketing > Sales orders > All sales orders. 2. Click New. 3. In the Customer account field, enter or select a value. 4. Click OK. 5. On the Action Pane, click Pick and pack. 6. In the Item number field, enter or select a value. 7. In the list, mark the selected row. 8. In the Site field, enter or select a value. 9. In the Warehouse field, enter or select a value. 10. Click the Fixed assets tab. 11. In the Fixed asset number field, enter or select a value. 12. In the Serial number field, enter or select a value. 13. On the Action Pane, click Sell. 14. Click Confirm. 15. On the Action Pane, click Pick and pack. 16. Click Post packing slip. 17. Click OK. 18. Click OK. 19. On the Action Pane, click Invoice. 20. Click Invoice. 21. Click OK. 22. Click Yes. 23. Close the page. End End Manually Automatically

Activities

Name Responsible Description

Fixed asset to inventory journal

Finance manager

Use the fixed asset to inventory journal to remove the fixed asset from the business object and immediately dispose of it.

This also converts the business object into an inventory item so you can sell or write it down.

Sell the business object in a sales order

Finance manager

After converting a business object to an inventory item, you can sell it as a standard inventory item in a sales order.

Sell the business object and fixed asset in a sales order

Finance manager

To sell a business object and its related fixed asset through a sales order, make sure the settings are correct.

  • Set Auto-convert asset sales to Yes.
  • Set Sell fixed asset to Yes.

After processing the sales order, a fixed asset to inventory journal is created automatically. You must post this journal manually.

Before posting, synchronize the depreciation dates. For more information, see the Depreciation dates activity.

Activities

Name Responsible Description

Fixed asset to inventory journal

Finance manager

Use the fixed asset to inventory journal to remove the fixed asset from the business object and immediately dispose of it.

This also converts the business object into an inventory item so you can sell or write it down.

Sell the business object in a sales order

Finance manager

After converting a business object to an inventory item, you can sell it as a standard inventory item in a sales order.

Sell the business object and fixed asset in a sales order

Finance manager

To sell a business object and its related fixed asset through a sales order, make sure the settings are correct.

  • Set Auto-convert asset sales to Yes.
  • Set Sell fixed asset to Yes.

After processing the sales order, a fixed asset to inventory journal is created automatically. You must post this journal manually.

Before posting, synchronize the depreciation dates. For more information, see the Depreciation dates activity.

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