Retiring an asset in FE WebView

Tammy Capps
Tammy Capps
Fourth Anniversary Name Dropper Facilitator 1
in Blackbaud Financial Edge NXT® General Discussions

How do you retire a fixed asset in FE WebView? There will be a loss since the asset has not totally depreciated.

Comments

  • Blake Paradise
    Blake Paradise
    Eighth Anniversary Kudos 1 Name Dropper Participant

    @Tammy Capps Hi Tammy! You can dispose of an asset by going to the asset record and clicking dispose. Here are some screenshots to help

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    eae9478f69572dccb4dba0f3f0312e57-huge-im
  • Tammy Capps
    Tammy Capps
    Fourth Anniversary Name Dropper Facilitator 1

    @Blake Paradise
    Thank you, Blake, for replying to my post and for the screen shots. It was very helpful.

    I am struggling with getting the system to hit the correct account numbers.
    I am not sure, but we may need to change a setting in fixed assets.

    The Journal should be as follows:

    Debit to the Accumulated depreciation account for $226.36.

    Debit to the loss account for $419.39

    Credit to the equipment account for $645.75

    Do you have any suggestions?

  • Blake Paradise
    Blake Paradise
    Eighth Anniversary Kudos 1 Name Dropper Participant

    @Tammy Capps
    Hi tammy! Unfortunately, I will be able to give you guidance there since I am not a CPA. However, there are settings in the fixed asset module for disposal loss/gain/proceeds. Here is a screenshot of that

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  • Tammy Capps
    Tammy Capps
    Fourth Anniversary Name Dropper Facilitator 1

    @Tammy Capps
    Blake, again you have been a big help. I am going over the settings and make any corrections needed.

    Thank you for your time. Have a great day!

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