Set or change the gain or loss account for asset disposal—Fixed Assets Management

Set a GL account for recording the gain or loss amount on asset disposals.

You can change the account at any time. Changing it does not affect assets that are already disposed. Moving forward, assets that are disposed will use the new account.

If the Disposal GL account is the same as the Gain or loss GL account, there will only be one journal entry for that account during disposal.
  1. Go to Fixed Assets ManagementSetupConfiguration.
  2. Select Edit.
  3. In the Disposal settings section, select a Gain or loss GL account.

    Select an active and non-statistical GL account that's not linked to a bank account or credit card.

  4. Select Save.