To access the Fixed Asset Sales document list, go to Asset Management > Fixed Asset Documents > Fixed Asset Sales.

After some period of fixed asset usage, the organization may decide to sell the asset. The sales may require recording of a gain or loss on the transaction in the reporting period when the sales occurs.

At the period of sales the asset's net book value (carrying value) is the difference between the initial cost and the accumulated depreciation. Any difference between the proceeds from sales and the fixes asset's net book value is recognized as either a gain or a loss.

The Fixed Asset Sales list

The Fixed Asset Sales list includes all the Fixed Asset Sales documents available in the system. If you don't see a specific document, rearrange the list by date or document number or use the Search field to locate the document by the sales amount, or a string in fixed asset description, or in inventory number. You can change the list display settings to suit your particular needs. To learn more about the list display settings, see Working with the item list.

The toolbar buttons

To manually create a new document of the Fixed Asset Sales type, click the Create button on the toolbar.

To register an incoming payment for the selected fixed asset, click the Generate button and select one of the following options:

• Cash Receipt
• Bank Receipt
• Cheque Received

See also