4.2.5 Asset Disposal: Alternate Assets
To record disposal of an Alternate Asset, select the ASSETS tab, then click the ASSET DISPOSAL button, select the Account, and choose the Asset.
If you choose an Alternate Asset for disposal, Mclowd will display this screen:
Enter the Disposal date by selecting from the popup calendar.
Enter the Sale price.
In the To Account field, select the account into which the proceeds of this sale will be deposited.
Click DISPOSE OF ASSET to save.
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about the author: Lorraine Cobcroft
With a background in accounting and financial management, followed by two decades writing software documentation, Lorraine joined the Mclowd team in mid-2016 and is enjoying working with a dynamic team to enhance an innovative product that has the potential to revolutionize the way Australians manage their retirement funding. Lorraine is also an accomplished business writer, ghost-writer, novelist and short-story writer and poet.