Realising Secured Assets

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    This section explains the process of realising a secured asset.  Asset realisation is handled through the Asset Register.

    Realising secured assets

    The basic process is as follows:

    • Open the Asset Register by clicking Financials > Assets

    • Add assets to the Asset Sale List.
    • Creation of an Accounts Receivable entry (or Cash Sale).

    • Receive Payment.

    1.    Navigate to the Asset Summary List by clicking on Financials > Assets.

    2.    Open the assets register by selecting an asset class (“Land & Property”).

    The Asset Register dialog appears.  The Asset Class will be filtered by “All Accounts for Land & Property”.

    3.    Select the Asset to Realise.  In this example select the asset, “121 Rope Street”.


    4.    Add Asset to the Asset Sale List by right-clicking on the “121 Rope Street” asset and select Add to Asset Sale list.  The asset is added to the Asset Sale List.


    5.    Build up a list of assets in the Asset Sale List to sell multiple assets.

    The next few steps will take you through the process of adding additional assets to the Asset Sale List.

    6.    Change the Asset Class: on the Asset Register, change the Asset Class drop-down box to display other assets that are available for sale.

    Select Plant and Equipment.


    The Plant and Equipment assets are displayed in the Asset Register.


    You may also display all classes of assets by selecting <All Uncharged Assets> from the Asset Class drop-down box.

    7.    Add Plant and Equipment to the sale list by right-clicking “Back-up generator” asset and select [Add to List].

    The asset is added to the Asset Realisation List.

    8.    Review the Asset Realisation List.


    Realising assets will record an Accounts Receivable entry (or a Cash Sale), mark assets as realised and record a realised amount.

    9.    Click [Realise Now] to start the realisation process.  An Accounts Receivable invoice entry form appears with the Asset tab selected.

    10.    Record an Account Receivable Entry.  The Assets selected in the Asset Sale list appear as detail lines on the Assets tab.  Enter the following details as shown below:


    11.    Click the Accounts tab.

    12.    Asset realisation costs are entered as negative amounts and can be allocated against each asset.  Enter the following Asset Realisation Costs as shown below:


    13.    Click [Save and Exit].

    The Asset Sale is now completed.  Amounts realised are updated in the Asset Details.

    The Asset’s ERV low will be increased to the amount realised if the amount realised is greater than the ERV Low value.


    Auto Allocating Amounts in the Asset Sale:

    If all Assets are sold as a group for one amount, e.g., in a sale of business scenario, you can pro-rata costs over all the assets equally by using the Auto Allocation function, by clicking on [Asset Sale Allocation Wizard].