I know there are several posts in here about this but I’m wondering if anyone else has experienced the same problem. I have a playground database I use to try various transactions before doing them in my live accounts. Tonight I tried to dispose of one asset, details as per: -
1 - Purchase Cost £550
2 - Accumulated Depreciation £159.89
3 - NBV £394.11
3 - Sale value £250.00
4 - Loss on Disposal £144.11
The steps were as follows: -
1 - Fixed Assets
2 - Select relevant asset
3 - Click Disposed Box
4 - Added disposal date
5 - Cash Accounts
6 - Receive Money
7 - Account - Fixed Assets/Relevant Asset/Value of Receipt i.e. £250
I’m pretty sure this is a potted version of how the guide says this should be done.
On running the Fixed Asset Movement Report The closing amount is showing as the value of the receipt i.e. £250. The accumulated Depreciation account is still showing the £159.89 and there is no value recorded in the Loss on Disposal Account.
I have also tried to record this dummy sale by entering the sale value straight into the Loss on Disposal account but again, there are no entries showing in this account.
Having worked the calculation through, I think there might be a bug in how Manager is dealing with asset disposals particularly as the Loss on Disposal account does not appear to be working.
Please could anyone advise if I’m missing something.
Using Manager v16.5.55