FlairSuite video tutorial
Sell or write off an asset
Record that an asset was sold or is no longer used — its date, type and reason — send it to approval and find it in the Assets Disposal List.
Transcript
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Welcome to FlairSuite. When you sell an asset or stop using it, record its disposal, so it stops losing value every month and leaves your books.
Open Inventory, Assets, Assets List. Find the asset by its asset ID, and click it to open its page.
Click Disposal. A short form opens for this asset.
Pick today as the disposal date; it can't be before the purchase date. A sale has a price and the bank the money went into, but this broken laptop is a write off, worth zero. Then choose the account for the loss, and write down why.
Click Save to send the disposal to approval. If your company has an approval workflow, choose it here and the disposal waits for a manager; without one, you approve it yourself. Once approved, the asset stops depreciating and the sale or loss is recorded in your books.
Every disposal is listed under Inventory, Assets, Assets Disposal List. Here is ours, with its reason, a price of zero, and its approval status.
That's it. We recorded a write off for a broken laptop and sent it to approval. Once it is approved, the asset leaves your books. Thank you for watching.
Keep learning
More inventory, pos and fixed assets videos
Length 1:44Set up asset categories and products
Create an asset category with its accounts, then an asset product in it, ready to choose when you register an asset.
Length 2:06Register a new asset
Add a fixed asset such as a laptop, see its depreciation schedule, approve it, then find it in your assets list and open its page.
Length 1:35Sell a product in sizes or colours
Create an attribute such as Size with its values and extra prices, ready to add to your products as variants.
Length 1:28Create your product categories
Add a product category; its inventory and cost of sales accounts are filled in for you, so you only type the name.
Length 1:58Add your first product
Create a stockable product with its category, unit, sale price and VAT, ready to receive into stock and invoice, then open its page to see its stock…
Length 1:30Import your products from Excel
Load several products at once from a spreadsheet, checked row by row before anything is saved.
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