Caution: Please be advised to let your Accountant or Adviser to manage this.


  1. Go to Item you want to dispose/sell.
  2. Click Option > Dispose
  3. Choose type of Disposal - Dispose or Sell
  4. For Dispose, you need to enter the Date Disposed and click Review Journal. Select the appropriate Gain/Loss on Disposal.
  5. Click on Post.
  6. For Sell, you need to enter the Sale Proceed (the selling price) and select the appropriate Sale Proceeds Account.
  7. Click Review Journal.
  8. Select the appropriate account for Capital Gain or Gain/Loss on Disposal.
  9. Last, click Post.


Terms to Understand

Capital Gain - Capital gain when the sale price is higher than the cost price

Gain on disposal - gain when the sale price is higher than the book value

Loss on disposal - loss when the sale price is lower than the book value