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Fixed Asset Disposal

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Posted on by Community Member Microsoft Employee

Hi Everyone: Is there a separate transaction option for 'Disposal of an asset' OR is it always treated as a 'Retirement of an Asset'?

How do I handle disposing / scrapping of an asset, when it has no residual value, and is not being sold? I can do this manually by entering the proper set of JE's, but how would I do this using the Fixed asset system?

Thanking you in advance for your help,

deesom.

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Redbeard 12,931 on at

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RE: Fixed Asset Disposal

You're welcome!
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Community Member Microsoft Employee on at

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RE: Fixed Asset Disposal

Thanks Redbeard! - Appreciated.
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Community Member Microsoft Employee on at

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RE: Fixed Asset Disposal

Thanks Harry - Much appreciated. Thanks for confirming my suspicion.
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Redbeard 12,931 on at

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RE: Fixed Asset Disposal

All disposals of assets are processed through the Retirement window. The different types of retirement are covered in the Retirement Type drop-down list.