Posting Disposals

During posting, the system completes the following steps:

• For depreciable records and for non-depreciable records for which the Post Disposal to G/L check box has been selected, the system posts the Fixed Assets Journal to the General Ledger for the G/L Book.
• For both depreciable and non-depreciable records (regardless of the status of the Post Disposal to G/L check box):
  • Disposal information and posting data are written back to the Disp Info tab of the Manage Asset Master Information screen (and the Manage Asset Disposal Information screen).
  • Disposal data is cleared from the Manage Disposal Transactions screen.
  • The system changes the Asset Master record status from Active to Disposal.