How to: Transfer Fixed Assets to Different Locations
Transferring fixed assets to different locations is used, for example, when you place an asset in the production department while it is under construction. After it is finished, you move it to the administration department.
To transfer fixed assets to different locations
Set up a new fixed asset. Enter the new location in the Department Code field.
Create an FA depreciation book in which you attach a depreciation book to the fixed asset
In the Search box, enter FA Reclass Journals, and then chose the related link to move 100 percent of the acquisition cost and the depreciation for an asset to the new asset.
Fill in the journal line.
On the Actions tab, choose Reclassify.
The necessary lines are created in the FA G/L journal using the template and batch that you have specified in the FA Journal Setup window for the specified depreciation book.
The Fixed Asset G/L Journal window shows the lines that have been created.
Post the entries.
Note
If the balancing accounts have not been set up, you must enter the balancing accounts before you post the lines.
See Also
Tasks
How to: Create Fixed Assets
How to: Split Up Fixed Assets
How to: Combine Fixed Assets
How to: View Reclassified Entries
How to: Set Up Fixed Asset Reclassification Journal Templates
How to: Set Up Fixed Asset Reclassification Journal Batches
How to: Define Fixed Asset Location Codes
Concepts
Transfer, Split, or Combine Assets