Fixed Assets - Ability to select account/s for disposal
Currently, the accounts you choose for fixed asset additions and accumulated depreciation are also used for disposal and depreciation on disposal. It would be helpful to be able to choose different accounts for the disposal transactions from those used for additions.
For example, fixed asset additions would go to an 'additions' account, depreciation in the year goes to a 'depreciation charge' account. Disposals go to 'cost of disposals' and 'depreciation on disposals accounts'. This keeps everything separate and mirrors the corresponding figures required for Ltd Company statutory accounts in the UK.
Being able to choose different accounts makes it easier for clients to see what assets have been acquired/disposed during the year, separately from those that have been brought forward and remain on the books.
Peter Drobinski
shared this idea
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Jamie Fitzpatrick
commented
Fixed asset coding for additions an disposals is pretty fundamental within notes to the accounts
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Jarji Topuria
commented
Please allow fixed asset disposal to inventory accounts.
It's a basic operation - asset that was planned to be used long term is now in inventory, ready for a sale.
The restriction is artificial and unnecessary, disposal to inventory accounts should be an option.