There are many paths to sell an asset, like free text invoice, disposal proposal and through Fixed Asset Disposal Journal.
let’s learn about Fixed Asset Disposal Journal to sell an asset.
- Go to Fixed assets > Journal entries > Fixed assets journal.
- Click New.
- In the list, mark the selected row.
- In the Name field select the journal.
- In the list, click the link in the selected row.
- Click Lines.
- In the list, mark the selected row.
- In the Transaction type field, select an option like disposal sale
- In the Account field, specify the desired values and verify all data like offset account, dimension etc.
- Simulate and post
- Click voucher to see transactions.
Journal entry: This will post credit amount to asset using an debit to offset account.
