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Add a partial disposal term

Add a partial disposal when only part of an asset is being retired, resulting in an updated register line item, disposal journal entry, and partial disposal term.

Workflow

Step 1

Open Bookkeeping

Use the highlighted control to continue through the workflow.

Step 2

Open Fixed Assets

Use the highlighted control to continue through the workflow.

Step 3

Open Register

Use the highlighted control to continue through the workflow.

Step 4

Select an asset

Use the highlighted control to continue through the workflow.

Step 5

Dispose the asset

Use the highlighted control to continue through the workflow.

Step 6

Toggle on Partial Disposal. Toggle off for Full Disposal

Use the highlighted setting to choose the behavior that matches the schedule or posting workflow.

Step 7

Enter all disposal information

Enter the required values carefully so the schedule and journal-entry details calculate correctly.

Step 8

Select Go to the Next Month

Use the highlighted control to continue through the workflow.

Step 9

Select disposal method

Choose the option that matches the account, period, or schedule you are working with.

Step 10

Enter disposal value

Enter the required values carefully so the schedule and journal-entry details calculate correctly.

Step 11

Enter selling price if the asset is for sale

Enter the required values carefully so the schedule and journal-entry details calculate correctly.

Step 12

Enter selling fee if any

Enter the required values carefully so the schedule and journal-entry details calculate correctly.

Step 13

Select Cash/Receivable

Use the highlighted control to continue through the workflow.

Step 14

Enter "checking"

Enter the required values carefully so the schedule and journal-entry details calculate correctly.

Step 15

Select Brex Checking

Use the highlighted control to continue through the workflow.

Step 16

Select Selling Fee Expense

Use the highlighted control to continue through the workflow.

Step 17

Enter "fee"

Enter the required values carefully so the schedule and journal-entry details calculate correctly.

Step 18

Select 52000 - Merchant Fees

Use the highlighted control to continue through the workflow.

Step 19

Select 83000 - Realized Gain/Loss

Use the highlighted control to continue through the workflow.

Step 20

JE is auto-generated

Confirm the page shows the expected result before continuing to the next step.

Step 21

Review the journal entry

Review the posting details and continue only when the journal-entry information is correct.

Step 22

Dispose the asset

Use the highlighted control to continue through the workflow.

Step 23

Review the partial disposal line item

Confirm the page shows the expected result before continuing to the next step.

Step 24

Confirm the updated status

Confirm the page shows the expected result before continuing to the next step.

Step 25

Open asset page

Use the highlighted control to continue through the workflow.

Step 26

Confirm the updated status

Confirm the page shows the expected result before continuing to the next step.

Step 27

Posted link directs you to the JE in ERP

Confirm the page shows the expected result before continuing to the next step.

Before you save

Confirm you are retiring only part of the asset. Use the full-disposal workflow when the entire asset is leaving service.

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