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End an asset’s life with the numbers right.

Record sales, scrapping, write-offs and partial disposals, with cost and accumulated depreciation removed and gain or loss calculated. Add approval steps and review the resulting journals before posting.

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  • Sale, scrap and write-off
  • Partial disposal
  • Gain and loss report
Features

What you can do with Disposal.

Sell, scrap, write off or partly dispose of assets, with gain and loss calculated.

01

Asset sale

Record proceeds, buyer, invoice and direct expenses, with gain or loss calculated.

02

Scrap & decommissioning

Scrap non-operational assets with a reason and a destruction or e-waste certificate.

03

Write-off & casualty loss

Record destroyed or lost assets with FIR, insurance claim and committee details.

04

Partial disposal

Dispose of a percentage of an asset while the remainder keeps depreciating.

05

Disposal approval

Review, approve or reject disposal requests before they go ahead.

06

Gain/loss & GL posting

Report P&L by disposal, supporting IAS 16 and Ind AS 16, and post the journals.

Why it matters

Keep the evidence with the disposal.

Auditors will ask why an asset left the books. Inai Assets records the reason and the supporting references with the transaction.

  • Sale documents and buyer details
  • E-waste and destruction certificates
  • Police FIR and insurance references
  • Board or committee resolution date
How it works

Disposal, step by step.

  1. 1

    Request

    Choose the asset and how you are disposing of it.

  2. 2

    Approve

    Reviewers approve or reject the request.

  3. 3

    Record

    Cost and depreciation are removed, and gain or loss is worked out.

  4. 4

    Post

    Post the disposal journals to the GL.

FAQ

Disposal questions, answered.

Can we dispose of only part of an asset?

Yes. Enter a percentage from 0.01% to 99.99%. Cost and accumulated depreciation are reduced in proportion, and the rest keeps depreciating.

Can disposals require approval?

Yes. Requests can go through a review queue where they are approved or rejected.

Can we report total gains and losses?

Yes. The gain and loss report can be filtered by type and date, and exported to CSV.

More in Assets

Explore other Assets modules.

Acquisitions, depreciation, maintenance, movements and disposals all work from the same asset record.

Asset RegisterOne searchable record of every fixed asset, with status, value, location and documents. AcquisitionAdd assets from purchase orders, goods receipts, vendor invoices, CSV files or opening balances. DepreciationParallel books, SLM, WDV and more, statutory rate-packs, simulation and GL posting. Lease RegisterRecord leases with right-of-use assets and lease liabilities, supporting IFRS 16 and Ind AS 116. Insurance & WarrantiesPolicies, warranties, claims and certificates, with coverage totals and expiry alerts. Grants & FundingFunding envelopes, allocations to assets, utilization and deferred income under IAS 20. Software LicensesTrack software seats, costs and expiry dates, assigned to devices or people. Transfers & CustodyMove assets between locations, departments and custodians, with approvals and history. Revaluation & ImpairmentRevalue assets, recognise and reverse impairment, and manage retirement obligations. MaintenancePreventive plans, work orders, service contracts, spare parts, repairs and cost tracking. Meters, Downtime & CalibrationUsage meters, downtime episodes, MTBF and MTTR, and calibration certificates. Physical VerificationQR tags, mobile scanning, physical counts and variance reports against the register. Location & Linear TrackingGPS fixes, geofence breach alerts, scan history, and chainage for pipelines and roads. Reports & AnalyticsDashboard, register, schedule, aging, GL reconciliation, deferred tax, query builder and BI exports. Approvals & ControlsMulti-step approvals, change history, period lock, currencies, custom fields and webhooks.

See Disposal in action.

Book a free Assets demo and we will walk you through disposal using scenarios from your business.

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