Transfer Assets

Form ID: (FA507000)

By using this form, you can transfer fixed assets.

Depending on whether the Multiple Base Currencies feature is enabled on the Enable/Disable Features (CS100000) form, you can transfer assets as follows:

If the feature is enabled, you can transfer assets between branches of the same company, asset classes, and departments of a single branch.
If the feature is disabled, you can transfer assets between branches that use the same base currency, asset classes, and departments of a single branch.

The following assets cannot be transferred on this form:

Assets with the Suspended and On Hold statuses
Assets with the Active status in the posting book, whose Depr. to Period specified on the Balance tab of the Fixed Assets (FA303000) form is later than the Transfer Period specified on the current form

Form Toolbar

The form toolbar includes standard and form-specific buttons and commands. For the list of standard buttons, see Form Toolbar and More Menu. The form-specific commands are listed in the following table.


Button	Description
Prepare	Initializes the processing of the transfer transactions that you have selected: prepares the transactions for posting, or releases the transactions and changes their statuses to Released or Unposted, depending on whether the Automatically Release Transfer Transactions check box on the Fixed Assets Preferences (FA101000) form is selected.
Prepare All	Initializes the processing of all listed transfer transactions: prepares the transactions for posting, or releases the transactions and changes their statuses to Released or Unposted, depending on the Automatically Release Transfer Transactions check box on the Fixed Assets Preferences form is selected.

Selection Area

In this area, you can specify criteria for the fixed assets to be selected, as well as options that affect processing.

Table 1. Transfer Period Section
Element	Description
Company	Required. The company to which the asset to be transferred belongs. This box appears on the form if the Multicompany Support feature is enabled on the Enable/Disable Features (CS100000) form.
Transfer Date	Required. The effective date for the transfer.
Transfer Period	Required. The effective financial period of the General Ledger transaction.
Reason	The reason for the transfer.

Table 2. Asset Transfer From Section
Element	Description
Branch	Required. The company branch from which you want to transfer assets. This box appears on the form if the Multibranch Support feature is enabled on the Enable/Disable Features (CS100000) form. If a company without branches is selected in the Company box of the Selection area, this box becomes read-only and is automatically filled in with the setting specified in the Company box.
Department	The department of the branch from which you want to transfer assets. Select a department or leave the box blank to view the assets of all departments.
Asset Class	The class of the assets you want to transfer. You can select a class or leave the box blank to view the assets of all classes.

Table 3. Asset Transfer To Section
Element	Description
Branch	Required. The company branch to which you want to transfer assets. This box appears on the form if the Multibranch Support feature is enabled on the Enable/Disable Features (CS100000) form. If a company without branches is selected in the Company box of the Selection area, this box becomes read-only and is automatically filled in with the setting specified in the Company box.
Department	The department of the branch to which you want to transfer assets.
Asset Class	The class of the asset after transfer.

Table

In this table, you can view the list of assets that meet any criteria you have specified in the Selection area. You can transfer all the listed assets or only the ones that you select in the list, and create (and, optionally, release) the appropriate transactions.

The table toolbar includes only standard buttons. For the list of standard buttons, see Table Toolbar.


Column	Description
Included	An unlabeled check box that you select to include the asset in processing if you click Prepare.
Branch	The branch of the company to which the assets are assigned.
Asset Class	The fixed asset class to which the assets belong.
Asset ID	The fixed asset ID.
Description	The description provided for the asset.
Parent Asset	The parent asset to which the assets are assigned. Any given fixed asset can have only one parent asset.
Basis	The depreciable basis, which is the amount that is allocated over the useful life of the asset. This is a system-generated value; the amount of the depreciable basis depends on the depreciation method applied to depreciate the asset. For some methods, the basis can be equal to the acquisition cost minus the salvage amount. Also, you can adjust the basis amount based on the percentage of business use, the bonus amount, and the Tax 179 amount.
Currency	The currency in which the amounts related to the asset are stored. This setting is copied from the Fixed Assets (FA303000) form. This column appears on the form if the Multiple Base Currencies feature is enabled on the Enable/Disable Features (CS100000) form.
Receipt Date	The date when the asset was received.
Useful Life, Years	The period of time, in calendar years, during which the asset is supposed to be used.
Transfer Period	The effective period of the GL transaction related to the transfer.
Fixed Assets Account	The Fixed Assets account (an asset account) used to post the actual costs of the fixed asset.
Fixed Assets Sub.	The subaccount for the transaction. The subaccount is automatically changed if the asset changes its location.
Tag Number	The tag number of the asset. Depending on the settings on the Fixed Assets Preferences (FA101000) form, the tag number may be the same as the inventory ID of the asset.
Fixed Assets Account Class	The class of the Fixed Assets account.