Helpfixed assetsDispose of a Fixed Asset
Dispose of a Fixed Asset
Sell, scrap, or write off an asset.
beginner· Updated 7/18/2026
Disposing of a fixed asset involves calculating the balancing allowance or charge and recording the impact on your Profit & Loss statement. AkountFly ensures a complete audit trail is maintained throughout the process.
Step-by-step
- 1Access Fixed Assets
Go to More Tools in the sidebar, then select Equipment & Property (Fixed Assets).
- 2Select Asset
Find and select the asset you wish to dispose of from the list.
- 3Initiate Disposal
Choose the disposal method: sell, scrap, or write off. Confirm the details to proceed.
- 4Review and Approve
Review the calculated balancing allowance or charge. Approve the disposal to finalise the process.
Ensure all details are correct before approval to maintain an accurate audit trail.
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