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Former Member
Jun 17, 2009 at 12:56 PM

Asset retirement, acc. determination does not work??


Hello everyone,

I have the following trouble. I want to set up a system in such a way that when a user retires an asset without sale then the retirement value should be posted to one account and when it is sold then the retirement value to the other account.

At the moment it woks in such a way that it always posts a retireing amount to the account "Clearing acct. revenue from asset sale" and I supposed that this account will only be posted to when the asset is sold, and that the retireing amount just in case of asset scrapping will go to the "Loss made on asset retirement w/o reven." account. But it doesn't.

Also I am not managing to get the system to automatically post amounts on accounts "Gain from asset sale" and "Loss from asset sale" ?

Thanks for the help!