Selling Equipment Registered as a Fixed Asset

This document describes how you can sell equipment that is registered as a fixed asset directly from a rental agreement or a customer order, depending on whether the equipment currently is part of the rental fleet.

The workflows described in this document are designed to accommodate the work routines of an Equipment user.

Outcome

The Fixed Assets module is updated and a write-off or disposal proposal is created for the equipment that is sold.

The general ledger is updated. The status of the fixed asset is changed to 9 ='Sold or disposed fixed asset'.

Before You Start

The following prerequisites are required for the Fixed Assets module. For information about the general setup of customer order processing and rental agreement management, see the documentation for those areas.

Follow These Steps- Sale via Rental Agreement

  1. Deliver Equipment

    Equipment included in a rental agreement line of line type 6 = 'Sale' is delivered to the customer.

  2. Invoice Customer

    You create an invoice proposal by selecting option 13 = 'Create invoice proposal' for the rental agreement in 'Rental Agreement. Open' (STS100). You approve the invoice proposal and create an invoice in (STS810) by selecting option 8. The invoice is created by (STS810), not by the Fixed Assets module. Note that all equipment on a rental agreement line of line type 6 will be included in the sale.

  3. Update the Fixed Assets Module

    At invoicing, functional program FAMNGDIS checks the fixed asset master table, FFASMA, to see whether the item number of the equipment is registered for a fixed asset in 'Fixed Asset. Open' (FAS001/E). If it is, the status of the fixed asset is changed to 9, the value types of the fixed assets are updated and the depreciation plan is updated. For the disposal (scrapping) of the fixed asset the same account entries are created as when disposing fixed assets using 'Fixed Asset. Dispose' (FAS145): FA40-500, FA40-550 and FA40-570.

Functional Flow

Follow These Steps- Sale via Customer Order Line

  1. Deliver Equipment

    Equipment included in a customer order line in 'Customer Order. Open Line' (OIS101) is delivered to the customer. When and how this is done depends on the customer order type and the dispatch policy.

  2. Update the Fixed Assets Module

    Already at dispatch, functional program OIS900 activates functional program FAMNGDIS, which goes through the same procedure as described above for the rental agreement.

  3. Invoice Customer

    You create the customer order invoice as usual in 'CO Invoice. Print' (OIS180).

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