Selling an asset in a Small Business (SB) pool (AO Classic GL)
This support note applies to:
- AO Classic General Ledger (AU)
Complete the sales price and sale date of the asset. When the ledger is rolled over, these amounts will be transferred to the Consolidated Sold Assets line and the asset will be deleted.
After the ledger is rolled over, if the Opening Written Down Value of the Pool is negative, you will need to adjust the accumulated depreciation of the Consolidated Sold Assets and enter a journal to record the profit on sale of the asset.