These steps guide you to dispose of an asset by selling it.
Navigate to the fixed asset listing and choose the asset you want to dispose of by clicking on the asset number.
Choose the Dispose Full or Partial button in the upper right corner of the screen.
Give the disposition a date, and select Sale by AR Invoice.
Leave the Disposal Percentage at 100% (if you were doing a partial disposal, this would be edited). The other cells will populate based on the asset data.
A Sale via AR Invoice section should have appeared. Fill in the sale amount, the purchaser, and when the invoice is due. This creates an invoice for the sale which can be seen by navigating to the Accounts Receivable tab and clicking Invoices.
Add any desired notes associated with the disposal.
Choose the Yes button to proceed with the disposal.
A new screen will load with the disposed asset information.
Navigate to the Disposal Details tab to see details of the disposal including the journal entries and invoice that were created. NOTE: There is also an entry in your AR journal so in addition to the disposition entry in the FAJ, you'll have to see your AR journal for that entry as shown below.
In the fixed asset listing, you can see a list of your disposed assets by changing to the "All Disposed Assets by Class" view.
