- Navigate to the Asset: First, go to the asset you want to dispose of. For example, if you want to dispose of a kitchen fit-out, locate it in the asset list.
- Select the Asset: Once you have found the asset, look at the underlying asset screen. In the top right-hand corner, you will see an "Actions" button.
- Choose to Sell the Asset: Click on the "Actions" button and select the option to sell the asset.
- Enter Sale Details: Enter the sale details, such as the sale date and the sales proceeds. For instance, you might sell the asset on the 8th of July for $3,500.
- System Calculation: AssetAccountant™ will then calculate the profit or loss on the disposal of the asset.
- Journal Entry: The system will mark the asset as disposed of and include the loss on disposal in the next journal you create for that register. This will be posted to the relevant account within the underlying accounting system.
