How do I deal with fixed asset disposals?
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Summary
Disposal of Fixed Assets can be entered into the accounts using Journal Entries.
More Information
You will need to check you have all the required Nominal Centres set up in Platinum e.g. Disposals, Depreciation and Fixed Assets. You may need to seek advice from your accountant as to which centres to use and whether they should be treated as Profit & Loss or Balance Sheet Items.
Follow the instructions for posting a Multiple Entry journal in this article.
See also
