The Write-Off page is used when an asset has reached the end of its life and is considered worthless to the company. The asset’s book value and accumulated depreciation amounts of written-off assets will be added to the asset write-off account specified through this page.

 

To add an asset write-off entry, click  and then perform the following steps:

 

§  Select the Branch of the write-off;

§  The Date is automatically set to the date of entry. However, you can change it if you want;

§  The Transaction Number will be automatically generated by the system after saving your work;

§  Specify the Write-Off Account to which written-off asset’s values are added. If you leave this field empty, then the system will consider the Write-Off account as the default account entered in the System Setup module;

§  Enter any necessary Notes concerning the write-off transaction;

§  Click  to save your work;

§  Next, you need to specify the written-off assets list.

 

 

 

Related Topics

Asset Transactions
Add Written-Off Assets