Nominal Ledger Postings

Depreciation (by Period/Month)

When depreciation is posted the following nominal journal will be generated;

Nominal Ledger Postings 1

A debit is posted to the fixed asset depreciation profit & loss account. If multiple depreciation profit & loss accounts are selected for the asset this value will be split by percentage.

Nominal Ledger Postings 2

A credit is posted to the fixed asset depreciation balance sheet account. If multiple depreciation balance sheet accounts are selected for the asset this value will be split by percentage.

Nominal Ledger Postings 3

The posted value will be calculated dependant on the asset depreciation method.

Disposal of a Fixed Asset (v2010.0.8 and later)

When disposing of an asset a nominal journal will be generated for the following postings;

Nominal Ledger Postings 4

Note: All nominal postings shown in blue relate to a selected/entered Sage sales invoice. These postings will have been generated by the sales invoice transaction and therefore will not be created by the disposal process.

A debit will be posted to the fixed asset depreciation ‘balance sheet’ account for the value of previously posted depreciation. If multiple depreciation balance sheet accounts are selected this value will be split by selected percentage.

Nominal Ledger Postings 5

A credit will be posted to the fixed asset original purchase (cost) account selected during the disposal process. This account is defaulted to the asset category ‘cost / purchase’ account but may be amended if required.

A debit will be posted to the sale/write off of asset account selected during the disposal process. This account is defaulted to the fixed asset category ‘sale of asset’ or ‘fixed asset write off’ account but may be amended if required.

Nominal Ledger Postings 6

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