Set options for Fixed Asset Transfer

Explanation

Use this activity to set options for transferring one or more objects from one company to another.

Prerequisites

Before transfer of an object, the following must be completed:

• The status of the object to be transferred must be Active.

System Effects

As a result of this activity, options for the transfer of the object is set, after which the window Transfer Object- Progress is opened and the selected object(s) is ready for transfer.

Window

Fixed Assets Transfer

Related Window Descriptions

Fixed Assets Transfer

Procedure

1. Open the Object or Objects window and query for the object(s) which you want to transfer to another company.
2. Select the record(s) that you queried for, right-click and click Transfer Object.
3. Enter the company ID to which you want to transfer the object(s) in Transfer To Company field. The List of Values can be used to select the required company. The list would consist of the companies accessible to the user which is specified in the Users Per Company window.
4. Select a value for the Transfer to Object Group field to specify the object group of the receiving company to which the object will be transferred. The List of Values can be used to select the required object group.
5. Select a value for the Transfer Method field. The transfer method determines which balances will be transferred and how the object transactions and accounting transactions will be created for the transfer.  
6. Enter appropriate values in the Voucher Date, User Group and Voucher Type fields. The default values are displayed.
7. Select a fixed asset book ID in the Book ID field to calculate the transfer price of the asset being transferred. Note: It is mandatory to select a book ID if Gross transfer method is selected and it is optional with the transfer method Sell.
8. Enter appropriate values in the Voucher Date, User Group and Voucher Type fields. The default values are displayed.
9. Select Create Inter Company Transactions check box, if you want to create inter company transactions during the process of transfer. The inter company transactions will be handled according to the posting type FAP55, Inter Company due from Affiliated Company and FAP56, Inter Company due to Affiliated Company.
10. Select Use Object Series ID to create new object IDs from the object series ID connected to the selected object group in step 04.
11. Click Pre-Posting to enter pre posting details for the asset being transferred.
12. In the Pre-posting window, enter pre-postings for appropriate code parts, apart from the account and the code part allocated for fixed assets accounting in the receiving company.
13. Click OK.