Transfer Assets
You can transfer assets between employees, depreciation expense accounts, and locations.
Consider the following points when transferring assets:
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You can change the transfer date to a date in a prior period for a particular transfer, but the transfer must occur within the current fiscal year.
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You can change the transfer date of an asset to a prior period only once per asset.
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You can't transfer an asset to a future period.
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You can't transfer assets from one corporate book to another corporate book.
Transfer a Single Asset
In Assets, find the asset to be transferred and enter any applicable transfer information:
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Employee name and number
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Depreciation expense account
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Location
Examples:
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Transfer an asset to another employee within the same location, enter the employee name and number.
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Transfer an asset to another employee in a different location by entering the new location, in addition to the employee name and number.
Transfer Multiple Assets
Transfer multiple assets by:
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Populating the Mass Transfers interface table
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Running the Post Mass Transfers process