| # Asset Transfer (tffam1203m000) Use this session to record the movement an asset or part of an assetfrom one location or company to another. The current company is the company from which you transfer assets. You specify the destination company. These companies are the source company and destination company, respectively. ERP LN transfers all of the asset's mapped books in an intercompany transfer. When transferring assets within the same company, ERP LN transfers all assets' related books. You can transfer an asset after it has been capitalized and before it has been disposed. For each transfer, you indicate the date on which the transfer must take effect. If this date is in a prior period, ERP LN must reverse any depreciation that occurred in the source company from that period until the current period. You can transfer the full quantity of the asset or a portion of it. You can transfer by quantity or percent regardless of how the asset is distributed. As a result of the transfer, ERP LN adjusts the values of the asset for the source company and creates a new asset for the destination company. ERP LN also creates journal entries for the source and destination companies based on the values in the asset's posting book in the General Ledger module. The source and destination assets are independent of one another once the transfer has been completed. When you specify an odd number of assets for partial transfer, ERP LN rounds up to the next whole number. For example, if you specify a 50% transfer of 3 assets, ERP LN will transfer 2. Assets subject to ADR can be transferred to a different vintage/group account. Note Asset transfer does not consider the tax implications of the transfer, any gain or loss encountered through the transfer, or the fair market value of transferred assets. Related topics Transferring Assets Transferring Asset Books Rules for Transferring Transfer Journals Asset Number The asset number and asset extension create a unique identifier for the asset in the selected company. Asset Number The description or name of the code. Asset Extension The asset number and asset extension create a unique identifier for the asset in the selected company. Asset Status Current status of the asset you have selected. Transfer Date The date on which the transfer takes effect. Default value The current date. Reason Enter a reason code of the Transfer reason type for the new transfer transaction. Reason codes are maintained in the Reasons (tffam6550m000) session. The reason code of a transfer transaction can be looked up in the Capitalization/Transfer - Details (tffam8510s000) subsession of the Asset Book Transaction Inquiry (tffam8501m000) session. Reason Code The description or name of the code. Transfer by Select Percent to enter each destination amount as a percentage of the asset's cost. Select Quantity to enter each amount as a portion of the asset's total quantity. Default value The current distribution of the selected asset. Suppress Journal Entries If this check box is selected, journal entries are not created in the General Ledger module for this transaction. Reverse Depreciation If this check box is selected, ERP LN reverses the accumulated depreciation for the year if you transfer the asset in the same fiscal year as the asset's acquisition. This option does not apply to intercompany transfer. Financial Company The company from which the selected asset will be transferred. Default value The company in which you entered the asset in the Assets (tffam1500m000) session. Financial Company The description or name of the code. Financial Company The company to which the asset will be transferred. You can enter a company if: More than one financial company belongs to the current group company. You defined intercompany relations between the companies in the Inter-Company Relations (tfgld0515m000) session. Otherwise, the destination company is the same as the source company. Financial Company The description or name of the code. Asset Number The asset number and asset extension create a unique identifier for the asset in the selected company. Identifies the asset that you are transferring. Asset Number The asset number and asset extension create a unique identifier for the asset in the selected company. Specify the destination of the asset that you are transferring. You can specify a unique asset number and extension. If you do not specify a unique asset number and extension, ERP LN creates defaults. Asset Extension The asset number and asset extension create a unique identifier for the asset in the selected company. Identifies the asset that you are transferring. Asset Extension The asset number and asset extension create a unique identifier for the asset in the selected company. Specify the destination of the asset that you are transferring. You can specify a unique asset number and extension. If you do not specify a unique asset number and extension, ERP LN creates defaults. Category A classification or division of items. The classification can be by form, fit, or function. Identifies the category you are transferring. Category A classification or division of items. The classification can be by form, fit, or function. Default value The current category for the source company for transfers within the same company, otherwise it is blank. Identifies the category of the asset you are creating in the destination company. Vintage/Group Account If the asset is in a vintage/group account, it is displayed. Vintage/Group Acct Vintage/group account destination of the asset you are transferring, when applicable. The vintage/group account criteria for the source and destination companies must match exactly, except if the source asset is new, the destination vintage/group account must be used. Number of Lines Indicates the number of distribution lines that exist for a specified asset. |