4.2.6 Asset Disposals: Derivatives

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:
Assets_Disposals_DerivativesEnter the Disposal date by selecting from the dropdown calendar.

Enter the Sale Unit Price.

NOTE: In this instance, price per unit is entered rather than total yield from the sale.

Enter the Sale Volume.

Enter any Sale Transaction Costs associated with this disposal.

Mclowd will multiply the Sale Volume by Sale Unit Price and deduct Sale Transaction Costs to calculate the total Sale Proceeds.

In the To Account field, select the account into which the proceeds of this sale will be deposited.

Click DISPOSE OF ASSET to save.

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.

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