Sell 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 is 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 accounts
- 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.