View Transaction Accounting Information for an Asset

OPS Corporation ordered new machinery to replace existing machines. ABC Incorporated is willing to purchase the old machinery at a discounted rate.

In this scenario:

• The machines are in good working order and OPS Corporation agrees to sell them to ABC Incorporated at a negotiated price per machine.

• All the assets sold are retired from the books and the asset accountant makes the relevant entries.

• The finance manager wants to know the profit or loss made on the entire sale and the accounts that are affected by this sale. He asks the asset accounting manager to provide a detailed breakdown of the profit or loss made, including the details of the accounts that are impacted.

View Transaction Accounting Information

1. On the Asset Inquiry page, click the Transactions tab.

2. Complete the fields, as shown in this table:

   Field	Value
   Book	OPS CORP
   Transaction Type	Full retirement
   From Period	January 2009
   To Period	March 2009

3. To view accounting information for a particular transaction, select the transaction in the search results and click View Accounting.

4. On the Accounting Lines page, select the first accounting line and click View T-Accounts.

5. Repeat for each of the accounting lines shown on the Accounting Lines page.

6. Click Done.

7. Click Save to save your search.

8. On the Create Saved Search popup window, enter Adjustment Transactions.

9. Check Set as Default and uncheck Run Automatically.

10. Click OK.