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Re: Posting retirement only possible via revenue account

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Hello again,

 

You need to enter your posting as follow:

 

01 customer

50 revenue from asset sales (check "asset retirement" and enter the transaction type if required, see below)

 

If you now click on "simulate", the system will automatically generate the other lines:

 

40 clearing account revenue from asset sales

75 acquisition value

70 accumulated depreciation

40/50 gain or loss on asset sales (difference between sales price and net book value)

50 payable VAT (if relevant)

 

Regarding transaction type, unless I am wrong the system propose the transaction type but if it is not the case:

 

210 Retirement with revenue

230 Retirement to affiliated company with revenue

260 Retirement from new acquisition with revenue (will be proposed by the system in case the asset has been acquired during the same fiscal year you decide to sell it).

 

Hope it is clear.

 

Best regards

 

Th.


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