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.
Select the asset to sell. The details for the asset appear.
Click the Sales tab and enter a Sale date and the Sale price for the asset.
Select the Consolidated Sold Asset. The details for the asset appear.
Click the Other tab.
Complete the Depreciation schedule field, so the amount entered will change the Closing Written Down Value of the Pool to zero.