Disposing of mass assets

  1. Select Assets > Mass Updates > Dispose.
  2. In the Selection Options section, specify this information:
    Selection Name
    Specify the selection name for the asset mass disposal.
    Date
    Select the effective date of the asset mass disposal.
    Release
    Select Yes to release assets..
    Type
    Specify the manner in which the assets are disposed. This list shows valid options:
    • Abandoned
    • Donated
    • Exchanged
    • Purged
    • Retired
    • Sold
    • Traded
    Property
    Select the disposal property.
    Voluntary
    Select if the asset disposal is voluntary or not.
    Proceeds
    Select the base currency code for the proceeds and specify its amount.
    Expense
    Select the base currency code for the expense and specify its amount.
    Allocation Option
    Allocate the disposal proceeds in journal entries for the assets that are being disposed. You can allocate the proceeds to the assets' book value or depreciable basis.
    Posting Entries
    Select Yes to create journal entries for the disposals. The journal entries are sent to Global Ledger when you run Release Assets.
    Posting Date
    Select the posting date.
  3. In the Sequence section, specify the way in which output totals are printed:
    Location
    Select whether the output totals are printed by location.
    Division
    Select whether the output totals are printed by division.
    Type, Sub
    Select whether the output totals are printed by type and subtype.
    Asset
    Select whether the output totals are printed by asset.
  4. In the Miscellaneous section, select whether the output totals are printed by property.
  5. In the Report Distribution section, select a distribution list and export type for Asset Mass Disposals Report.
  6. Click Submit.