Disposal with Proceeds (Sale)
For an asset sale there will be an associated Sales Ledger invoice which will be linked to the Asset Disposal Control Account 5050.
Create the Sales Ledger invoice and cost it to the Balance Sheet department for your appropriate division and the Asset Disposal Control Account 5050, such as 00.5050. This will make the invoice available in the Asset/SL Reconciliation screen.
In the Fixed Assets Workbench, mark the asset for disposal.
Asset Disposal tab
Field | Description |
Sold to (M) | Will be populated from the Asset/SL Reconciliation |
Reference (M) | Will be populated from the Asset/SL Reconciliation |
Reason | Select the Reason from the dropdown list |
Disp Date (M) | Enter the disposal date |
Proceeds (M) | Will be populated from the Asset/SL Reconciliation |
If more than one asset is to be reconciled to this invoice, you can do this now or at a later date.
Save the record.
Asset SL Reconciliation
The Asset Disposal batch will now be created.
Disposal batch – transactions
