Sell Assets Partially
Through the system, you can sell an asset entirely as detailed in the comprehensive asset guide. But what if you want to sell the asset partially? Is this possible on the system?
Yes, you can sell assets partially if a specific quantity was set when adding the asset. For example, if you have 10 units of the same machine, you can specify to sell only 5 units, leaving the remaining 5 units still in service.
For more about selling assets in the traditional way or about assets in general, refer to this guide.
How to Sell an Asset Partially
To be able to sell an asset partially, make sure to fill in the quantity field when adding the asset.
To sell an asset partially, go to the “Assets” dropdown under “Accounting” in the main menu, then click on the asset you want to sell part of and press the “Sell” button.
Select the quantity you want to sell from the asset, and enter the selling price. Note that the total remaining value of the asset, after depreciation, will be evenly distributed across the available quantity of that asset. For example, if you have 2 pieces of furniture with a current value of 800 after depreciation, when selling one piece, the system will automatically handle its value as 400.
Selling Price: The price at which you want to sell the asset, calculated based on the current price of the asset in relation to the total available quantity of that asset.
Quantity: The number of units you wish to sell from the asset.
Date: The date when the sale transaction takes place.
Cash Account: The account through which the payment will be received.
Tax 1: The first tax to apply to the asset sale.
Tax 2: The second tax to apply to the asset sale if additional taxes are involved.
After entering the data, click the “Sell” button.
After the sale, you’ll find all the data in the asset’s file, including the quantity sold, the selling price, the remaining quantity in service, and its value.
