Fixed Asset disposals in Fixed Asset tool

Idea suggested by Paul Scholes 7 years ago

Know it's been requested many times but worth asking again as other systems have it and it's so fiddly to do it all manually.

So, have an option in the Fixed asset tool to dispose of an asset, @ £X, thus stopping any further depreciation and moving the cost and accumulated depreciation out of the balance sheet accounts to a nominated P&L account, eg "Profit/Loss on disposal of fixed assets".

There's no need for automation of the sale itself as this will be by invoice or bank receipt to the same account but, by entering the sale proceeds in the feature, the profit/loss on that asset would be recorded in the tool.

1 Reply

Hi Paul,

Thanks for your suggestion. I will record this for consideration and you will be updated when we have a decision.

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