Having a partial disposal of a fixed asset; for example, you sell a portion of land you own.

Using land as an example, we could purchase land and say it is asset #25. At some point in the future, we sell 1/3 of that land. Currently there is no way to reflect  that sale of a portion of asset #25. As the system works now, we have to dispose of asset #25 in its' entirety and then set up a new asset for the remaining 67% not sold.  You can use annotations to have an audit trail but that is not the best way to reflect these actions.

  • Guest
  • Sep 26 2016
  • Future consideration
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  • Jennifer Hrebik commented
    09 Jul 15:28

    I am disappointed to see that this wasn't resolved with the move to NXT. It is a crucial feature. There are many instances when an asset value needs to be adjusted without having to dispose of the entire asset. Please escalate!

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  • Patricia Vermeire commented
    May 29, 2020 14:34

    This hasn't been implemented? Four years later? Every FA system allows a partial sale, even Quickbooks. Let's move this up the priority ladder!

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  • Guest commented
    June 13, 2019 17:49

    Yes! Please allow asset impairment.

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  • Ramon Sandelin commented
    May 30, 2019 15:33

    I agree, this is a needed feature. We have a lot of items capitalized as a single asset, sold a portion of the items and need to partially dispose the asset.

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