Dispose of an asset

Last updated: June 20, 2026

Learn the concept
This is the step-by-step. For what it is and how it fits the bigger picture, read Disposal in the reference.

What this does

Disposal takes an asset off your books when you sell it, scrap it or return it, and works out the gain or loss against its remaining value.

Open Disposal

Go to Menu > Fixed Asset > Disposal and click Create.

DisposalDisposal NoautoDispose ModeSale▾Customer nameAcme TradingOutcomeRemoves the asset · posts gain or loss · can raise a receipt
An asset disposal simplified mockup

Steps

  1. Set the Datetime and a Description.
  2. Choose the Dispose Mode: Sale, Scrap or Return. For a sale, add the customer details and proceeds.
  3. Add the assets being disposed, then Confirm. Cloudby removes them and posts the gain or loss.
Good to know. A sale can raise a receipt for the money coming in, so the disposal and the payment stay linked.

Related

  • Register a fixed asset
  • Receive a customer payment