Drop Down Menu – you can either use the Short Cut Keys, FAS or you can scroll down.
     Using Navigation Manager - you can navigate through the navigation pane. Select Static Data Maintenance / Financials / Fixed Assets / Fixed Asset Setup, and then select 51AS.
Click here to see the screenshot

Ready for Disposal - the asset is to be highlighted for disposal in Asset Disposal. You cannot post transactions to assets with this status.

Disposal Period
The period for disposal of this asset. If you leave the disposal period blank, Asset Disposal updates it when disposing of an asset.

Asset Disposal (ASD) can automate the procedure for disposing of a selected asset or group of assets. It generates the relevant disposal postings, and reports the postings.

You must first select the assets for disposal by setting the Ready for Disposal status for each asset, as described above.  You must post the sales proceeds prior to disposal of an asset as you cannot post journals to a disposed asset.

       Drop Down Menu – you can either use the Short Cut Keys, ASD or you can scroll down.

       Using Navigation Manager - you can navigate through the navigation pane. Select Financials / Fixed Assets Entries / Asset Disposal.

Asset Code From/To
The asset code, or range of assets codes, to be disposed of providing the asset status is set to Ready for Disposal.

Analysis Dimension
You can select assets for disposal according to their asset analysis dimensions. Leave it blank to select all dimensions.

Analysis Code From/To
These fields restrict your choice to selected analysis codes within the asset analysis dimension you have selected. Leave these blank to select all codes.

Disposal Period From/To
The period, or range of periods, for which you want to dispose the assets. Transactions are posted to the disposal period specified on the asset record, provided it falls within the range of periods selected here. If the disposal period on the asset record is blank, then transactions generated during the disposal are posted to the last period in the disposal period range. The disposal period on the asset record is also updated with this period.

Disposal Account
The profit and loss account to which the disposal transactions are posted.

Post Transactions
Select No to report on the disposal transactions but not post them. Select Yes to post the transactions. If provisional postings are optional, you can select to post the transactions as provisional transactions.
Remove Asset Details

This field is displayed only if you selected to post the disposal transactions. Two options are available:

     No - select this if the asset details are not to be removed

     Transactions - select this to remove transaction details for the disposed asset from the Fixed Assets Register. They are still accessible in Financials for account inquiries and reports.

Disposal Suspense Account
The account to be used if any of the transactions generated by disposal have memo type accounts. To make sure the disposal journal balances, any memo accounts are replaced by this disposal suspense account.