This routine is used to dispose of assets for which depreciations have been run. If depreciation has not yet started for an asset, you can delete it directly from the Asset file.
If you would like to dispose only a part of the asset, see About working with asset split for information on how to do this.
The Disposal function:
- Automatically calculates profit and loss as well as reverses the balance.
- How profit and loss is calculated is defined in the ASM control file.
- Whether or not G/L transactions are to be posted is defined in the ASM control file.
- The depreciation transaction is adjusted according to the setup in Work with depreciation types.
- Displays error messages and does not allow you to update the disposal if the accounts are not correct. You must correct the asset(s) and table(s) before you can update the disposal proposal.
- Automatically creates General Ledger transactions and changes the assets to the disposal mode once you approve the disposal.
The disposal proposal differs from the other proposals in Asset Management in that:
- Assets are not proposed automatically based on a selection, but are entered one by one.
- You can add and maintain assets in an existing proposal.
- You can delete assets from an existing proposal without deleting the entire proposal.
- You can change parameters in the ASM control file and in Work with depreciation types, and obtain the result immediately.
Enquiries and printouts
- Disposal enquiry – displays assets after disposal.
- Asset disposals list – displays information about disposed assets.
- Disposal comparison list – can be used to analyse disposals. You can also see profits and losses for the selected disposal transactions.