Disposal of a Fixed Asset

Create a new Fixed Asset Journal.

Select Proceeds on Disposal as the Transaction Type on the Fixed Asset Journal Line.

Populate the following fields:

• Amount (this is the actual proceeds amount)
• Balance GL Account (this is the GL Account that you receive proceeds into)

Post the Fixed Asset Journal.

GoldFinch calculates Fixed Asset Gain/Loss by comparing the Remaining Amount on the fixed asset and the Proceeds on Disposal amount.