Modify and Create Transactions for Fixed Asset Transfer

Explanation

Use this activity to modify information regarding one or more fixed asset transfer and create the transactions.

Prerequisites

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

• The status of the object to be transferred must be Active.
• A voucher type connected to function group A and the ledger selection connected to GL, Affect IL must exist and it must not be connected to a fixed asset book.

System Effects

Sending Company:

As a result of this activity, the object status is changed to Transferred and the Disposal Date in the Disposal tab will get the transfer date. The transfer date of the object cannot be prior to the latest acquisition event date of the object. If the object is connected to one or several books, then the disposal principle of the depreciation method per book determines whether depreciations with an event date later than the disposal date is allowed or not.  The object transactions and accounting transactions are created with postings in connection with the transfer.

Receiving Company:

As a result of this activity, a new object will be created with the object status Active and the transfer date is set to the acquisition date depending on the transfer method. If Gross method is used, the acquisition date of the asset in the sending company will be set as the acquisition date. The historical balances of acquisition value, acquisition value adjustments and accumulated depreciations will be transferred to the receiving company according to the book mapping. If Sell method is used, the Acquisition Date in the General Tab will get the transfer date and the transfer price will be the acquisition value at the receiving end.   

Window

Transfer Object-Progress

Related Window Descriptions

Transfer Object -Progress

Procedure

1. Open the Transfer Object- Progress window and search for the object for which you want to modify the transfer related information.
2. Modify the values displayed in the Transfer to Company, Transfer to Object Group, Use Series ID, New Object ID, New Object Description, Transfer Method, Book ID, Transfer Amount, Transfer Amount in Parallel Currency, Generate Inter Company Transactions, Transfer Date, Voucher Date, User Group, Voucher Type and Disposal Reason. The List of Values can be used to select the required values. Note: If Sell method is used in the Transfer Method field, the Transfer Amount and Transfer Amount in Parallel Currency can be modified.
3. Double click on the Notes check box, if you want to enter notes about the transfer of fixed asset.
4. Click Save.
5. Select the row(s), right-click and click Fixed Asset Book Mapping to view and modify the fixed asset book mapping information that were defined in the Fixed Assets Book Mapping window.
6. Select the row(s), right click and click Pre-Posting to view and modify the pre-posting information.
7. Select the row(s), right-click and click Create Transactions to execute the fixed asset transfer. An information message will be raised asking you whether a check should be performed on the selected object(s) with respect to depreciation.
8. Click Yes if you require a check to be done. Note: If all the depreciations have been performed based on the disposal principle of the depreciation method then the transfer operation continues. If not another information message will be raised requesting to interrupt the process in order to perform the missing depreciations. Click Yes to continue.
9. Click No to transfer the object without checking for the missing depreciations.
10. Select the Online or Background radio button options in create transfer dialog.
11. Click OK.