# Asset Transaction Report

### **Report Module Guide: Asset Transaction Report (Lifecycle Events)**

#### **Module Location**

#### Fixed Asset > Reports > Asset Transaction Report

#### **Module Objective**

#### The **Asset Transaction Report** module is used to generate a historical report of all major transactions that occur in an asset's lifecycle. This report summarizes all activities such as **asset sales, asset write-offs, and asset revaluations** that happened within a specific period.

### **1. Report Parameters (Filter)**

#### The main page of this module is a form containing various parameters to customize the report that will be generated.

#### Here is an explanation for each parameter:

- #### **Report Type**:
    
    
    - #### This is the primary filter to select the specific transaction type you want to see, for example, only **Asset Sale** or **Write-off Asset**. Leave it as "All" to display all transaction types.
- #### **Asset**:
    
    
    - #### Select **All** to see the history of all assets, or **Selected** if you want to see the transaction history for one or more specific assets.
- #### **From / To**:
    
    
    - #### Specify the date range of the transactions you wish to see in the report.

### **2. Steps to Generate the Report**

#### **Step 1: Set Report Parameters**

#### Define the date range and other filters you need to focus the report.

#### **Step 2: Generate the Report**

#### After all parameters are set, click one of the two buttons at the bottom:

- #### **\[Display Report\]**: To preview the report directly on your screen.
- #### **\[Export to MS Excel\]**: To download the report data in an Excel file format.

### **3. Reading the Report (Report Content)**

#### The generated report will be a list of transactions grouped by their type, such as **Asset Sale, Write-off Asset,** and **Revalue Asset**.

#### This report displays important financial details from each transaction, including:

- #### **Current Value**: The book value of the asset at the time of the transaction.
- #### **Selling Price**: The asset's selling price (specifically for sale transactions).
- #### **Gain or Loss**: The gain or loss recognized from the sale transaction.

### **Tips & Important Notes**

- #### This report is a recapitulation of all data recorded in the transactional **Asset Transaction** module.
- #### Use this report to prepare the "reductions" or "disposal" section in the **fixed asset roll-forward schedule** for Financial Statement purposes.
- #### This is a crucial audit report for verifying that all asset disposals have been recorded correctly.