Costpoint Online Help

Using the Help Search
Using the Help Search
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    Ex."system administration"
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    Ex.system + administration
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    Ex.system administration
For more information:Searching Online Help

What is the purpose for the Post Disposal to G/L check box on the Manage Asset Master Information screen?

This check box is available only if you have specified that the asset record is Non-Depreciable in the Depr Status group box.

Selecting this check box allows a future disposal entry for the record to be posted to the General Ledger. In the case of non-depreciable assets (for example, land), the G/L entry on disposal can consist only of debits and credits, as appropriate, to the Cost and Gain/Loss on Sale of Fixed Assets accounts, because there is no accumulated depreciation associated with a non-depreciable asset. This field is not available for depreciable assets, because disposal entries can always be posted to the General Ledger for depreciable assets for the G/L Book.