Applying Partial Disposal of Assets

  • 02/05/2024
  • 2 minutes to read

To execute a partial disposal for an asset, you can use the Continia Finance Partial Disposal feature available on the FA Card.

To activate the partial disposal feature:

  1. Use the Search icon, enter Fixed Asset Setup, and select the related link.
  2. To activate the partial disposal feature, you need to specify a Reposting Journal Template and a Reposting Journal Name. On the action bar, select Journal Templates > FA Journal Templates to specify a journal.
  3. Similarly, on the action bar, select Journal Templates > FA Reclass. Journal Templates to specify a reposting journal.

To execute a partial disposal:

  1. On the FA Card, select FA Partial Disposal.
  2. In the Insert New Fixed Asset via field, enter the number of the new asset using the system's number series or manually enter a fixed number, which can also apply to a sub-asset.
  3. On the Reclassification tab, you can specify the date and the entry type (e. g. reposting acquisition or regular depreciation), indicate if it is a partial disposal for an asset with quantities and enter the disposal quantity.
  4. On the Disposal via FA Journal tab, you can indicate if it is a sale or a scrap. If you select Scrapping, the other fields can no longer be edited. If you have completed your entries, on the action bar, select Reclassify Fixed Asset. Once you have selected Repost Asset, a new asset will be created with the specified quantity and the formerly existing asset quantity will be reduced accordingly.