Fixed Asset Disposal

(Accountant Plus and Financial Controller users only)

During a financial period you may wish to dispose of a fixed asset, for example, you may want to sell a company vehicle, or you may have to write-off obsolete machinery. Use the Disposal option to remove items from the Fixed Assets Register when an asset is sold or written off. The Disposal option activates the Fixed Asset Disposal wizard. The Fixed Asset Disposal wizard performs all the necessary disposal postings for you.

All you need to do is select the asset you want to dispose of, the date and the nominal codes for the journal postings. When you have completed the wizardÆs instructions, the asset is removed from the Fixed Assets window. You can view the postings that have been made in the audit trail.

Note: If you are going dispose of a fixed asset as part of a hire purchase agreement, see Hire Purchase Agreements.