Change Selling Price & Other Details
When a Fixed Asset Disposal has processed but information on the selling price or other disposal details were wrong or have since changed, the original disposal transaction cannot be modified. A Fixed Asset Price Change (FP) must be processed to make the updates. In the event it was an internal sale and the selling price has changed, a journal voucher will need to be processed to adjust the accounting for the buyer from the Fixed Asset Acquisition transaction.
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Create an instance of the Fixed Asset Price Change transaction.
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On the Header:
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Enter or select the Fixed Asset Number and take the Auto Apply action.
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If a composite asset enter Selling Price and other disposal details in a ‘new’ field.
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On the Component tab, if the asset is not a composite asset:
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Enter Selling Price and other disposal details in a ‘new’ field.
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Validate the transaction.
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If errors exit, fix the errors and repeat step 4. If no errors exist, then continue with Step 6.
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Submit the transaction.