Asset Transfer

Field

Description

Post

Transfer the asset according to your selections.

The information you entered is saved against the asset and can be viewed using the Asset Query program.

If your Assets Register module is integrated to the General Ledger (General Ledger Integration) then the following entries are created in the General Ledger distribution file:

Cr	Asset Control for the OLD Branch/Cost Center/Group combination	Asset cost/value
Dr	Asset Control for the NEW Branch/Cost Center/Group combination	Asset cost/value
Dr	Accumulated depreciation for the OLD Branch/Cost Center/Group combination	Accumulated depreciation to date
Cr	Asset Control for the NEW Branch/Cost Center/Group combination	Accumulated depreciation to date

These entries are produced regardless of whether the above ledger account numbers differ or not.

Asset

Indicate the code of the asset you want to transfer.

Asset Transfer Details

Field

Description

Asset information

Asset code	Indicates the code of the asset you selected to transfer.
Description	Indicates the description defined against the asset code.
Cost/cash price	Indicates the current cost value of the asset.
Depreciation this year	Indicates the amount of book value depreciation processed against the asset for the current year to date.
Depreciation last year	Indicates the total book value depreciation processed against the asset for the previous financial year.
Accumulated depreciation	Indicates the total book value depreciation processed against the asset in previous years and includes the Depreciation last year amount.
Current Book value	Indicates the current book value of the asset.
Transfer date	This defaults to the current period end date of the Assets module. It can be changed, but must fall within the current period.

Transfer from

These fields are displayed for information purposes only and cannot be changed using this program.

Branch	Indicates the branch to which the asset currently belongs.
Cost center	Indicates the cost center to which the asset currently belongs.
Group	Indicates the group to which the asset currently belongs.

Transfer to

Indicate where you want to transfer the asset.

You must enter a new value for at least one of the following fields:

Branch	Indicate the branch to which the asset must be transferred.
Cost center	Indicate the cost center to which the asset must be transferred.
Group	Indicate the group to which the asset must be transferred.
Comment	Enter free format comments relating to the transfer of the asset.

Additional Fields

Select this to change additional information for the asset.

Location	Indicate a new location for the asset.
Resp user	Indicate a new responsible user for the asset.
Asset owner	Indicate a new owner for the asset.

Notes and warnings

eSignature considerations

Electronic Signatures provide security access, transaction logging and event triggering. This enables you to increase control over your system changes.

Access to the following eSignature transactions within this program can be restricted at Operator, Group, Role or Company level. You configure this using the eSignature Setup program.

eSignature Transaction	Description
Asset Transferred	Controls access to the Asset Transfer program.