Fixed Assets>Transactions>Asset Disposal - Select Asset Id/Name Throws Pop Up Message - Make Sure that the Write Off, Disposal, Depreciation, and Asset Accounts have been set and Active Before Proceeding. Disposal may not be possible

Scenario

Fixed Assets > Transactions > Asset Disposal - Select Asset Id/Name throws pop up message - Make sure that the Write Off, Disposal, Depreciation, and Asset Accounts have been set and active before proceeding. Disposal may not be possible for the following: (Asset ID - Asset Name)

Solution

1. Navigate to Fixed Assets > Lists > Assets

2. Edit the Fixed Asset record to be disposed

3. Click on Accounts tab

4. Fill in the following fields:

Write Off Account
Write Down Account
Disposal Cost Account
Asset Account
Depreciation Account
Depreciation Charge Account

5. Click Save

Once the fields have been completed filled, proceed to dispose the asset. The warning message would no longer appear.