Manage fixed asset disposals
/visma-net-erp/help/fixed-assets/manage-fixed-asset-disposals
section
Visma Net supports a variety of fixed asset disposal methods, and you can dispose of assets individually or as a group.
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# Manage fixed asset disposals
Visma Net supports a variety of fixed asset disposal methods, and you can dispose of assets individually or as a group.
Visma Net supports a variety of fixed asset disposal methods, and you can dispose of assets
individually or as a group.
If necessary, you can reverse disposal. Visma Net updates appropriate general ledger accounts as a result of disposal.
About asset disposals
/visma-net-erp/help/fixed-assets/manage-fixed-asset-disposals/about-asset-disposals
page
You dispose of an asset for of variety of reasons, such as the end of its useful life or a reduction of the asset's productivity later in its life.
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# About asset disposals
You dispose of an asset for of variety of reasons, such as the end of its useful life or a reduction of the asset's productivity later in its life.
You configure the disposal methods, and then you select the required disposal method when you
dispose of an asset.
You can dispose of fixed assets one by one or in bulk.
For more information, see:[Dispose of an asset](/visma-net-erp/help/fixed-assets/manage-fixed-asset-disposals/dispose-of-an-asset/) and [Dispose of multiple assets](/visma-net-erp/help/fixed-assets/manage-fixed-asset-disposals/dispose-of-multiple-assets/)
## Updated general ledger accounts as a result of fixed asset disposal
When a fixed asset is disposed of, the system records the proceeds from the disposal, as well
as any gain or loss in its disposal.
The system generates **Sales/disposal+**,
**Depreciation adjusting-**, and **Purchasing disposal** transactions.
Generally, the
accounting transactions can be illustrated as follows.
|Account|Debit|Credit|
|---|---|---|
|Gain account / Loss account|0.0 or loss amount (book value – proceeds amount, if the book value is greater than the proceeds amount)|Gain amount (proceeds amount – book value, if the book value is smaller then the proceeds amount) or 0.0|
|Fixed Assets account|0.0|Acquisition cost|
|Accumulated depreciation account|Accumulated depreciation amount|0.0|
|Proceeds account|Proceeds amount|0.0|
The gain or loss is calculated and recorded in the gain account or loss account.
To calculate
the gain or loss amount, the system deducts the accumulated depreciation amount plus the salvage
amount from the acquisition cost and compares the calculated amount with the proceeds from
disposal.
+ If there is a gain on disposal, the gain account is updated.
+ If there is a loss on disposal, the loss account is updated.
## Reverse fixed asset disposal
If you have specified disposal parameters incorrectly or erroneously disposed of an asset, you
can reverse the disposal.
For more information, see:[Reverse an asset disposal](/visma-net-erp/help/fixed-assets/manage-fixed-asset-disposals/reverse-an-asset-disposal/)
When you reverse a disposal, you reverse the transactions of the disposal.
After the reversal of the disposal, the status of the asset changes from **Disposed** to **Active**.
Related pages
Tasks
Windows
Configure disposal methods
/visma-net-erp/help/fixed-assets/manage-fixed-asset-disposals/configure-disposal-methods
section
You configure the disposal methods for the system by using the Disposal methods (FA207000) window.
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# Configure disposal methods
You configure the disposal methods for the system by using the Disposal methods (FA207000) window.
For more information: [Disposal methods (FA207000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/disposal-methods-fa207000/).
You configure the disposal methods for the system by using the [Disposal methods (FA207000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/disposal-methods-fa207000/) window.
1. Go to the [Disposal methods (FA207000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/disposal-methods-fa207000/) window.
1. Click .
1. In the **Disposal method ID** column, specify the ID for new method.
1. In the **Description** column, enter the description of the new method.
1. Optional: Specify the account for the proceeds. By default, the system uses the proceeds account you specified in the [Fixed assets preferences (FA101000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-preferences-fa101000/) window.
1. Optional: Specify the subaccount for the proceeds account. By default, the system uses the proceeds subaccount you specified in the [Fixed assets preferences (FA101000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-preferences-fa101000/) window.
1. Click .
Related pages
Concepts
Windows
Dispose of an asset
/visma-net-erp/help/fixed-assets/manage-fixed-asset-disposals/dispose-of-an-asset
page
If you need to dispose of one asset, you generally use the Fixed assets (FA303000) window.
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# Dispose of an asset
If you need to dispose of one asset, you generally use the Fixed assets (FA303000) window.
For more information: [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/).
> [!NOTE]
> Alternatively, you can use the [Asset summary (FA402000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/asset-summary-fa402000/) window to dispose of an asset.
1. Go to the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window.
1. In the **Asset ID** field, select the fixed asset that you want to dispose of.
1. Select **Actions**, and then click **Dispose**.
1. In the **Disposal parameters** dialog box, enter the disposal parameters:
1. In the **Disposal date** field, enter the date of the disposal.
By default, the system uses the current business date.
1. In the **Disposal period** field, enter the financial period of the disposal.
By default, the system uses the current financial period.
1. Optional: In the **Proceeds amount** field, type the proceeds amount that is gained as a result of the disposal.
1. In the **Disposal method** field, select the disposal method.
1. In the **Proceeds account** field, enter the account to post proceeds from the disposal of the asset.
By default, the system uses the proceeds account specified for the asset.
1. In the **Proceeds sub** field, enter the subaccount to post proceeds from the disposal of the asset.
By default, the system uses the proceeds subaccount specified for the asset.
1. If you want to depreciate the asset up to the disposal period (in the current financial period), select the **Depreciate before disposal** check box.
> [!NOTE]
> The system can depreciate the asset automatically during disposal only if system is configured to release all transactions automatically. You can change the settings for release of transactions in the [Fixed assets preferences (FA101000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-preferences-fa101000/) window. Otherwise, you need to manually depreciate the asset before disposal.
1. Optional: In the **Reason** field, type the reason for disposal.
1. Click **OK** to dispose of the asset and close the dialog box.
1. Release the resulting transactions as directed by your company's workflow. [Release multiple fixed asset transactions](/visma-net-erp/help/fixed-assets/daily-routines/release-multiple-fixed-asset-transactions/)
For more information, see:
The status of the disposed asset is changed from **Active** to **Disposed**.
After asset disposal, the system automatically displays the following information on
the **General settings** tab of the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window: the date of disposal, the disposal method, and the proceeds amount from the
disposal of the asset.
Related pages
Concepts
Tasks
Windows
Dispose of multiple assets
/visma-net-erp/help/fixed-assets/manage-fixed-asset-disposals/dispose-of-multiple-assets
page
By using the Dispose assets (FA505000) window, you can dispose of one asset or multiple assets at once.
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# Dispose of multiple assets
By using the Dispose assets (FA505000) window, you can dispose of one asset or multiple assets at once.
For more information: [Dispose assets (FA505000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/dispose-of-assets-fa505000/).
You can dispose of multiple assets that are associated with the same branch if the disposal parameters are the same for all assets; the only parameter you may specify for each asset individually is the proceeds amount.
1. Go to the [Dispose assets (FA505000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/dispose-of-assets-fa505000/) window.
1. In the top part, specify the selection criteria for the assets you may want to dispose of as follows:
1. In the **Asset class** field, select the asset class of the assets.
1. If you want to dispose of the components of an asset, select the parent asset in the **Parent asset** field.
1. Optional: In the **Book** field, select the book with which the assets are associated.
The assets that meet the specified criteria are displayed in the table.
If you don't see the asset or assets you want to dispose of, make needed
changes to the selection criteria you have specified.
1. Specify the disposal parameters on the right side of the top part by doing the following:
1. In the **Disposal date** field, enter the date of the disposal. The current business date is used by default.
1. In the **Disposal period** field, enter the financial period of the disposal. By default, the current business period is used.
1. To split the total amount of the proceeds among all disposed assets equally, do the following:
1. In the **Disposal amount entry** field, select **Automatic**.
1. In the **Total proceeds amount** field, type the proceeds amount gained as a result of the disposal.
1. To enter the proceeds amount for each asset individually, in the **Disposal amount entry** field, select **Manual**. (You will enter these amounts in a later step.)
1. In the **Disposal method** field, select the disposal method.
1. In the **Proceeds account** field, enter the account to post proceeds from the disposal of the asset.
By default, the system uses the proceeds account specified in the [Fixed assets preferences (FA101000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-preferences-fa101000/) window.
1. In the **Proceeds sub.** field, enter the subaccount to post proceeds from the disposal of the asset.
By default, the system uses the proceeds subaccount specified in the [Fixed assets preferences (FA101000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-preferences-fa101000/) window.
1. If you want to depreciate the assets up to the disposal period (that is, in the current financial period), select the **Depreciate before disposal** check box.
> [!NOTE]
> The system can depreciate the assets automatically during disposal only if the system is configured to release fixed asset transactions automatically (if the **Automatically release depreciation transactions** check box is selected in the [Fixed assets preferences (FA101000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-preferences-fa101000/) window). Otherwise, you need to manually depreciate the assets before disposal.
1. Optional: In the **Reason** field, type the reason for disposal.
1. To dispose of only selected assets, do the following:
1. For each transaction you want to release, select the appropriate **Selected** check box.
1. If you have opted to enter the proceeds amount for each asset manually, enter the proceeds amount in the **Proceeds amount** field for each selected asset.
1. Click **Process**.
1. To dispose of all listed assets, do the following:
1. If you have opted to enter the proceeds amount for each asset manually, enter the proceeds amount in the **Proceeds amount** field for every listed asset.
1. Click **Process all**.
1. Release the resulting transactions as dictated by your company's workflow. [Release multiple fixed asset transactions](/visma-net-erp/help/fixed-assets/daily-routines/release-multiple-fixed-asset-transactions/)
For more information, see:
The status of the disposed assets is changed from **Active** to **Disposed**.
After asset disposal, the system automatically displays the following information for every asset on the **General settings** tab of the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window: the date of disposal, the disposal method, and the proceeds amount from the disposal of the asset.
Related pages
Concepts
Windows
Reverse an asset disposal
/visma-net-erp/help/fixed-assets/manage-fixed-asset-disposals/reverse-an-asset-disposal
page
If you specified disposal parameters incorrectly, or erroneously disposed of an asset, you can reverse disposal by using the Fixed assets (FA303000) window.
2026-02-19T17:09:06+01:00
# Reverse an asset disposal
If you specified disposal parameters incorrectly, or erroneously disposed of an asset, you can reverse disposal by using the Fixed assets (FA303000) window.
For more information: [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/).
1. Go to the [Fixed assets (FA303000)](/visma-net-erp/help/fixed-assets/fixed-asset-windows/fixed-assets-fa303000/) window.
1. In the **Asset ID** field, select the fixed asset whose disposal you want to reverse.
1. Select **Actions**, and then click **Reverse disposal**.
1. In the **Reverse disposal information dialog box**, specify the financial period for the reverse of disposal.
1. Click **OK**.
1. Release the resulting transactions as directed by your company's workflow. [Release a fixed asset transaction](/visma-net-erp/help/fixed-assets/daily-routines/release-a-fixed-asset-transaction/)
For more information, see:
The disposal of the asset is reversed; the status of the asset is changed to **Active** .
> [!NOTE]
> The depreciation would not be reversed.
Related pages
Concepts
Tasks
Windows