Document Asset Sales and Disposals

The Sales Disposal Journal is used to record the sale or disposal of an asset, ensuring that your asset records and financial statements are up-to-date. The steps are as follows:

1. Navigate to Assets > Assets > Sales Disposal Journal.
2. Enter the exact Asset ID or use the “@” or “?” wildcards to search for the correct ID.
3. Fill in Disposal Details:
   • Date – Enter the date of the disposal transaction.
   • Period – SapphireOne will auto-fill the current period, but you can alter it if necessary.
   • Sale Amount – Enter the amount for which the asset was sold.
   • Tax Code – Enter the applicable tax code.
   • Tax Rate – The tax rate will be displayed based on the entered tax code.
4. Review all entered details for accuracy.
5. Click Save to record the Sales Disposal Journal.

For more detailed instructions, please refer to the Assets > Assets > Sales Disposal Journal article.