Selling Fixed Assets
A sale or transfer of a fixed asset consists of two stages.
Stage 1: Depreciation of fixed assets
- Go to Departments > Financial management > Fixed Assets > FA G/L Journals.
- Fill the journal lines:
| Field |
Description |
| Posting Date |
Specifies the same date as the FA Posting Date field when the line is posted. |
| Account Type |
Fixed Asset |
| Account No. |
Fixed asset code to be depreciate |
| Depreciation Book Code |
Specifies the code for the depreciation book to which the line will be posted |
| FA Posting Type |
Depriciation |
| Amount |
not fill |
| Bal. Account Type |
G/L Account |
| Bal.Account No. |
G/L Account for expenses related to the sale of fixed assets |
| Depr. until FA Posting Date |
Selected |
Stage 2: Sale of fixed assets by the sales account
- Go to Financial management > Receivables > Invoices
- The fields in the document header are filled in the same way as the sales order fields.
- Fill the lines:
| Field |
Description |
| Type |
Fixed Asset |
| No. |
Fixed Asset Code |
| Quantity |
1 |
| Unit Price |
Price of Fixed Asset |
- Post the invoice.
See Also
Fixed Assets