Asset Sale

Selling an asset normally involves several accounting transactions.

When an asset (all or part of it) is sold at a given price, the law requires that the parts which are sold are reversed. This means that a sale results in one entry of each transaction type. It is also required that a gain or loss made from an asset sale is registered separately. When a sale is approved in the Asset Disposal window, Maconomy creates a new asset adjustment containing all the calculated entries. These entries are of the sub-type called “Sale,” and cannot be edited or deleted in the Asset Adjustment window. If you do not want the sale to go through, you must delete the whole asset adjustment.