Transfer assets (FA507000)
The window toolbar
| Button | Description |
|---|---|
| Process | Initialises the processing of the selected transfer transactions: 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 in the Fixed assets preferences (FA101000) window is selected. |
| Process all | Initialises the processing of all listed transfer transactions. |
The top part
In this area, you can specify criteria for the fixed assets to be selected, as well as options that affect processing.
The Transfer period section
| Element | Description |
|---|---|
| Transfer date | The effective date for the transfer. |
| Transfer period | The effective financial period of the General ledger transaction. |
| Reason | The reason for the transfer. |
The Transfer from section
| Element | Description |
|---|---|
| Branch | The company branch from which you want to transfer assets. |
| Department | The department from which you want to transfer assets. Leave blank to view the assets of all departments. |
| Asset class | The class of the assets you want to transfer. Leave blank to view the assets of all classes. |
The Transfer to section
| Element | Description |
|---|---|
| Branch | Required. The company branch to which you want to transfer assets. |
| Department | The department of the branch to which you want to transfer assets. |
| Asset class | The class of the asset after transfer. |
The table
View the list of assets that meet the criteria specified in the top part. You can transfer all the listed assets or only the ones you select in the list, and create (and, optionally, release) the appropriate transactions.
| Column | Description |
|---|---|
| Included | An unlabelled 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. |
| Receipt date | The date of the purchase receipt document, or the date when the asset was acquired. |
| 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 General ledger 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 in the Fixed assets preferences (FA101000) window, the tag number may be the same as the item ID of the asset. |
| Fixed assets account class | The class of the fixed assets account. |