How to Sale Fixed Asset?

Steps to Record Fixed Asset Sale:

1. Open the "Add/Edit Sale Item" Form:

   • Navigate to the "Purchase & Sale" tab under Fixed Assets management.
   • Click on "New Sale"  button to open the sale entry form.
     
     

2. Fill in the Sale Details:

   • Date: Enter the date of the sale.
   • Code: The sale code will be auto-generated by the system (e.g., FAS-5089-0002).
   • Select Account: Choose the account where the sale proceeds will be recorded (e.g., Bank Transaction or Cash Account).
   • Select Item: Choose the fixed asset being sold (e.g., School Buses).
   • Lot Number: Select the unique lot number of the specific asset being sold (e.g., 1240-2 for School Buses).
   • Available Quantity: The system will auto-populate the available quantity for the selected lot number.
   • Description: Optionally, add any remarks or details about the sale.
   • Unit Price: Enter the selling price per unit.
   • Quantity: Enter the quantity being sold.
   • Total Amount: This will be auto-calculated based on the unit price and quantity.

3. Save the Sale Entry:

   • Click "Save & Close" to record the transaction and exit.
   • Click "Save & New" to save the current entry and create another.