Overview
After the company makes a decision on partial or full retirement and disposal of an asset, it needs to set accounting parameters of the retirement.
As a result of the process, the asset is derecognized from the ledger and can no longer be used.
Retire and dispose assets flowchart
Paths
| Path | Assets management → Fixed assets → Fixed assets |
|---|---|
| In-app link EN code |
e1cib/list/Catalog.Assets
|
| In-app link RU code |
e1cib/list/Справочник.ОбъектыЭксплуатации
|
How to choose assets
1. Go to Assets management and then click Fixed assets under Fixed assets.
2. In the State filter, set Recognized to view all assets recognized as fixed assets.
3. Select an asset, click Generate, and select Dispose fixed assets.
4. The system will automatically create a new Dispose fixed assets document and fill it with some information on the asset.
How to maintain financial information for loss from asset retirement
1. Open the Dispose fixed assets document and click the Main tab.
2. Choose an Asset/expense item to post the loss from asset retirement (without revenue).
How to retire fixed assets partially
1. Open the Dispose fixed assets document and click the Main tab.
2. Check the other fields that are filled automatically.
3. Choose the Partial fixed assets disposal transaction.
4. Choose a Company.
5. Choose a Business unit that is a cost center of the asset.
6. In the Retirement reason field, specify the reason for disposal of the fixed asset.
7. Click the Fixed assets tab.
8. Specify a list of fixed assets for disposal.
9. Specify a value of the fixed asset for disposal in management and local accounting.
10. Post the document. The system will automatically change the asset value.
How to remove assets from the asset register
1. Open the Dispose fixed assets document and click the Main tab.
2. Check the other fields that are filled automatically.
3. Choose the Dispose fixed assets transaction.
4. Choose a Company.
5. Choose a Business unit that is a cost center of the asset.
6. In the Retirement reason field, specify the reason for disposal of the fixed asset.
7. Click the Fixed assets tab.
8. Specify a list of fixed assets for disposal.
9. Leave the Recorded as received tangible assets tab empty.
10. Post the document. The system will automatically remove the assets from the asset register.