Note: If you wish to purge a fixed asset from the system, before adding the disposal transaction, set the depreciation method on the General tab of the asset record to "Do Not Depreciate". This ensures extra depreciation is not generated:
  1. In Records, Assets, open the asset record to be disposed
  2. Select the Activity tab
  3. Click the small arrow beside "New Period Depreciation" and select New Disposal Transaction
  4. Note: An asset acquisition transaction must be added to the asset before you can add a disposal transactions.  
  5. Enter the disposal price, disposal date, post status and post date
    • Enter a disposal price of zero if there was no loss or gain at the time of disposal.  
    • The disposal date must be later than the last depreciation date and one day before the day it will be purged if purging.
    • If you do not wish to post the transaction, set the post status to do not post
  6. In the Disposal Method field, enter a disposal method or select an option from the drop-down list
  7. Click Save and Close
  8. The Asset will now show as disposed
  9. Save and Close the Asset

Note: You must have defined default disposal loss accounts in Configuration > Default Accounts before you can record the disposal transaction.