My assets have been categorised as being ‘For Disposal’. Why has this happened?
Once the value of an asset reaches nil, Asset.Guru gives the asset a ‘For Disposal’ classification. The asset will remain in the Asset Register, and it will also be listed in the ‘For Disposal’ view of the Asset Register.
Additionally, an alert will show up in the ‘To Do List’ on the Dashboard.
This alert is to show that the value of the asset has been utilised from an accounting point of view and may be ready for replacement. You don’t need to take any action with the asset once it reaches a nil book value; the asset can remain on the register until you decide to dispose, sell or revalue the asset.
Aside from reaching nil, Asset.Guru allows for an Asset Disposal Suggestion
This is located in the Admin - Setup Setup your accounting rules section.
This feature provides a threshold setting by either a percentage of Purchase Price or an absolute dollar amount:
- To set up a notification using a percentage value, click on "0%";
- a) Enter the percentage in whole numbers (e.g. 10 not 0.1 for 10%) OR
b) Enter the absolute dollar amount (e.g. 1000 not 1,000).