Assets - Bulk Disposal

Users can dispose assets in the Assets screen through various methods:

  • at Cost
  • at $0 value
  • at Closing Down Written Value (CDWV)
  • at a pro-rated value


To dispose a a selection of assets, navigate to the Assets section and then select an Asset Group. Once a group has been selected, multi-select the assets to be disposed by selecting the tick boxes.



Once selected, click on Bulk Actions and then Dispose. This will then open up a new pane allowing for selection of the following:

  • Disposal Date
  • Taxation or Accounting disposal or both
  • Search bar to search assets
  • Users can also Auto Assign Disposal Values by selecting this option



Disposal at Cost

Once a disposal date is selected, the user can type the cost value into a cell in the Disposal Value column to assign the cost amount as the disposal value.




Disposal at CWDV

Once a disposal date is selected, the CDWV is populated for the asset at that date. The user can double click on a cell in the Disposal Value column to assign the CDWV amount as the disposal value.



Disposal at $0

Once a disposal date is selected, the user can type a nil value into a cell in the Disposal Value column to assign a $0 cost amount as the disposal value.



Disposal at a pro-rated value

Once a disposal date is selected, select the Auto Assign Disposal Values, untick the Set Disposal Value to CWDV at Disposal Date. Once unticked, users can assign different disposal values for taxation and accounting disposal. If the values differ, the values can be unlinked using the link icon and enter two separate values for disposal.




Once the disposal values have been assigned, select Dispose Assets. Once disposed, assets can be viewed by selecting the advanced filter to Show all assets for all years. 



Note: Once assets are disposed, a disposal journal is not automatically created in the platform. Users can run an Assets report and raise the relevant journals as required.


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