Reach is the only Accounting Software which is customised to suit 18 different business end to end.
When an Asset is sold, the receipt needs to be recorded in the software and any profits arising thereof recorded. Let me now show you how this transaction is recorded in the accounting software.
Click Settings, under Settings tab.
Click Account Ledger, under accounting tab.
Now click add a account button.
Then Select Group (Other expenses)
Add ledger name (loss on fixed asset).
Add Opening Balance( 0).
Now click create.
Go to Journal under accountant tab
Click add journal Button
Add a Description for your reference.
Select the Date.
Fill the Reference Number and click Here is the Proof.
Now select bank or Cash and add amount under debit column.
Select fixed asset (Computer) and add sale amount under credit column.
Now select loss on fixed asset ledger and add loss amount under credit column.