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This program takes care that the disposal of fixed assets that have been registered in the FA Register can be disposed of whereby the loss/gain on disposal will be booked and the FA will be disposed. Image Removed

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• Fixed Asset Name= on mouse over the barcode will be shown.
• Book value = assetPurchasePrice / accumulatedDepreciation, on mouse over the formula will be shown.
• Tax is NOT mandatory
• Loss Gain = Amount Sold Excl Tax /  Book value, this can be positive as well as negative.
• Date Sold = Disposal Date

How to Use it?

Step A (First journal of Disposal)

1. Select the Item category of the item you are going to dispose of.
2. Select the row and click on "edit".
3. Enter the amount sold even if the value is zero. Automatically the loss/gain is calculated.
4. Account Loss/Gain: Select the disposal account that will be used for the journal. 
5. Select the Date of disposal.
6. Click "Submit " when done.

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    7. Go to GL Journal or print journal program to check the entry.

Journal Entry is:

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Step B (Second journal, to book the actual sales of the FA if the item is sold)

1. Select the Item category of the item you are going to dispose of.
2. Select the row and click on "edit".
3. Enter the amount sold even if the value is zero. Automatically the loss/gain is calculated.
4. Account Loss/Gain: Select the disposal account that will be used for the journal. 
5. Select the Date Soldof disposal. 

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2. Click "Submit " when done.