Fixed Asset Disposals

Last modified 07:50, 24 Apr 2017

Overview

There are 2 methods of inputting Main pool and Special Rate Pool asset disposals in the period of account (POA). To record details of the disposals, the Fixed Asset Disposals screen is where this data should be input. This section explains how to achieve the best results for you.

If you do not wish to record details (including dates) then the disposals can be input directly into the Main pool and Special rate pool.

Accessing Fixed Asset Disposals

There are 3 locations where the Fixed Assed Disposals screens can be found:

  1. Within the Trade Capital Allowances area Trading income > Trade name > Capital Allowances > FA Disposals
  2. Within the Management Expenses Capital Allowances area Management Expenses > Capital Allowances ? FA Disposals
  3. Within the Balance Sheet area Balance Sheet Analysis > FA Disposals

Entering data

This is using the grid method of data entry.

There will be either 4 or 5 columns of data to add.

The 5th column Value is only visible when there is an Inter company transfer out at TWDV.

Fixed asset disposals.png

The view here is displayed when the Fixed Asset Disposals screen has been accessed via the Management Expenses area and where there is also an intercompany transfer out at TWDV, so there are 5 columns in total.

All data is mandatory

  • Description - this will appear on the reports
  • Date - must be within the POA. Valdiations will appear on the errors and exceptions panel seen at the foot of the working area if the dates are invalid.
  • Pool type - select either Main pool or Special rate pool
  • Allowance type - select either Sale or Inter company transfer out at TWDV
  • Proceeds - this field is only relevant when there is a sale (it is not editable when there is an inter company transfer out at TWDV)
  • Value - this field is only relevant when there is an Inter company transfer out (it is not editable when there is a sale)

Note

Any values previously entered in the associated allowance type fields within each of the pools will be overwritten when you enter details in Fixed Asset Disposals

 

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