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This text refers to program version 4.2  

Nominal Ledger Transactions from Disposal records

An example Nominal Ledger Transaction created from a Disposal record (that shown in the previous illustration) is shown below. Nominal Ledger Transactions will be generated automatically when you approve and save Disposal records if you have so determined in the Sub Systems setting in the Nominal Ledger. These Transactions will differ, depending on whether the Type of the Disposal is "Sale" or "Write-off".

Objects will be taken from the Disposal record (which themselves are taken from the Asset) and from the Asset Class. The Obj. in the Asset Class will be assigned to all postings (except that to the Capital Investment Account), while the Asset 1 Obj will be assigned to the credit posting to the Asset Account and the Depr 1. Obj. will be assigned to the debit posting to the Depreciation Account.

Once the Transaction has been generated, you can look at it straight away using the 'Open NL Transaction' function on the Operations menu.

Write-off

If the Type is "Write-off", the Transaction will be constructed as follows:
  • The Starting Value from the latest Revaluation record or, if there aren't any, the original Purchase Price of the Asset, is debited to the Account specified in the Disposal record and credited to the Asset Account specified in the Asset Class.

  • The total depreciation of the Asset over its lifetime is debited to the Depreciation Account specified in the Asset Class and credited to the Account specified in the Disposal record.

Sale

If the Type is "Sale", the Transaction is similar to the "Write-off" Transaction, but has two extra postings:
  • The Sales Price is debited to the Capital Investment Account specified in the Account Usage Assets setting and credited to the Account specified in the Disposal record.

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