Disposing of assets

  1. Select Managing Assets.
  2. On the Released tab, open an asset record.
  3. Click Dispose.
  4. Specify this information:
    Quick Disposal
    Select this check box to enable quick disposal of assets.
    Disposal Date
    Select the disposal date. The date must be in the current fiscal year.
    Full or Partial
    Select whether to dispose the entire asset or a part of asset. If you select Partial and add this form, then you are transferred to Items to dispose the items and quantities.
    Method
    Specify the method of the asset for disposal.
    Property
    Select the property of the asset for disposal.
  5. Specify the base currency and the amount for the Proceeds and the Expense fields.
  6. Click Next.
  7. Select whether to release the disposal, reset the disposal, submit for approval, or continue to leave the asset in disposal in a progress status.
    Note: If the Approval Required option has been enabled at the company level, the Submit for Approval option will be available instead of Release on the asset.

    Resetting is still available until you select Submit For Approval. To verify submitted assets for approval, navigate to Assets > Waiting For Approval.