Inactive Asset

Kay Jean's Avatar

Kay Jean

17 Feb, 2017 05:27 PM

What is the best way to post sale of an asset that sold for less than the value and then how do I remove the asset? My version of Moneydance is 2010 r3 (757) and does have the inactive option only option to hide when zero.

  1. Support Staff 1 Posted by Tom Freeman on 18 Feb, 2017 05:14 AM

    Tom Freeman's Avatar

    First create an income catagory called "loss/gain on sale of asset". In the asset account make a transaction for the proceeds of sale to the account that received the funds.

    With what remains make a transaction to the catagory you just made.

    The account should be at zero. Now you can make inactive and right click on the name in the sidebar to remove from the sidebar.

    Tom Freeman
    Infinite Kind Support

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