Sell FA Object

Explanation

This activity is used to enter information about one or more fixed asset objects which has been sold.

Prerequisites

Before sale of an object, the following must have been completed:

• The status of the object to be sold must be Active.
• The Sell Object operation cannot be performed if the compensation is zero (0).
• A voucher type for which the function group is A and the ledger selection is GL, Affect IL must exist and it must not be connected to a book.
• The posting types FAP7, FAP8, FAP9 and FAP10 should be defined. If  the Profit/Loss from Sales option is enabled for one or several of the connected books then the posting types FAP35, FAP36, FAP37 and FAP38 must also be defined.

System Effects

As a result of this activity, the object status is changed to Sold and the Disposal Date in the General tab will be changed to the sales date. The disposal date (sales date) of the object cannot be before the latest acquisition event date of the object. If the object is connected to one or several books then the disposal principle of the depreciation method per book determines whether the depreciations with an event date later than the disposal date is allowed to have values or not.  A voucher is created with postings in connection with the sale.

Pages

Fixed Asset Object
Fixed Asset Objects

Activity Diagrams

Dispose Object