Asset Disposal Single Dialog Workspace

Use this workspace to enter the sale of all or part of an asset or to enter the transfer of one asset to another, for example, in connection with an asset group transfer.

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 that are sold are reversed. This means that a sale results in one entry of each transaction type. You are also required to enter a gain or loss made from an asset sale separately. When you approve a sale in the Asset Disposal workspace, Maconomy creates an asset adjustment that contains all of the calculated entries. These entries are of the sub-type Sale; you cannot edit or delete them in the Asset Adjustment workspace. If you do not want the sale to go through, you must delete the whole asset adjustment.

The law also requires that the transfer of an asset to another group occurs by transferring all of the data for the asset to a new asset, which is a member of the new asset group.

The transfer of an asset from one group to another requires, in the same way as the sale, that you reverse the sum of all of the transactions for the asset to the original asset. You enter the totals as opening entries to the new asset. When you approve the transfer, Maconomy creates the asset automatically. Maconomy also creates an asset adjustment that has an entry for every transaction type used for the old asset. All of the entries are of the Transfer sub-type, and you cannot edit or delete them in the Asset Adjustment workspace. If you do not want the transfer to go through, you must delete the whole asset adjustment.