Clearing an asset balance

Let's Get Started from the Securities (Equity + ETF) and Tangible Assets

Moderator: Renato

ican100
New User
Posts: 2
Joined: Sat Jun 01, 2024 9:11 am
Are you a spam bot?: No

Clearing an asset balance

Post by ican100 »

Apologies if this has been answered elsewhere - a forum search didn't yield any results.

I ma trying to work out how to clear an asset balance, in the case in relation to a car.

The car was purchased for £28,000 and later sold for £24,000. The purchase and sale transactions were processed as transfers to and from a bank account, which leaves a £4,000 balance on the asset.

What is the best way to clear this?

I assume it is to post a transaction for £4,000 as an expense?

Is there a way to "dispose" of the asset so that it no longer appears on the dashboard?

Thanks, Ian
guangong
Developer
Posts: 654
Joined: Wed Dec 21, 2011 5:58 am
Are you a spam bot?: No

Re: Clearing an asset balance

Post by guangong »

What's your MMEX version?

With Asset v2 (latest development), we can just revalue and sell it.
with Asset v1 (v1.9 or older), can you refer to Assets - a worked example
ican100
New User
Posts: 2
Joined: Sat Jun 01, 2024 9:11 am
Are you a spam bot?: No

Re: Clearing an asset balance

Post by ican100 »

Thank you.

I am on v1.9.0 (I wasn't aware there was a v2 and the latest build link still seems to suggest 1.9.0 - not sure what I am missing here?)

I'll take a look at the worked example and see if that helps.
guangong
Developer
Posts: 654
Joined: Wed Dec 21, 2011 5:58 am
Are you a spam bot?: No

Re: Clearing an asset balance

Post by guangong »

It is only avaiable on development version so far, https://moneymanagerex.org/docs/downloads/development/