Transfer Assets to Another Book in a Different Ledger

This task shows you how to transfer assets from one asset book to another when the source and destination books are in different ledgers.

You must first complete these prerequisites before you can transfer assets from one book to another:

To transfer assets to another book:

1. Navigate to the Assets landing page.
2. Click the Transfer Assets link in the Tasks panel tab.
3. On the Transfer Assets page, select your source book and search criteria to search for the assets you plan to transfer.
4. Select the asset and click Transfer Asset to Another Book.
5. On the Transfer Asset to Another Book page, enter this information:

   Field	Value
   Destination Book	Select your destination book.
   Transfer Date	Defaults to the last day of the open period.
   Transfer Type	Net book value method: If you select an asset book that's in a different ledger than the destination book, this field defaults to the Net book value method transfer type. You must use the Net book value method transfer type for transfers across ledgers.
   Cost Basis	If you selected Gross method as the transfer type, the cost basis can be either: Cost and reserve of the source asset: The destination asset balances are initialized with the cost and reserve amount of the source asset. Net book value of the source asset: The destination asset cost is initialized with the net book value of the source asset. The depreciation reserve is initialized to zero. Transfer amount: The destination asset cost is initialized with a user-entered transfer amount. The depreciation reserve is initialized to zero. The Transfer amount cost basis is valid only for transfers across ledgers.
   Posting Status	Automatically set to Post. To post the transaction later, you can change the status to New until you’re ready to post it.
   Destination Category	The asset category for the asset in the destination book. You can use the original category from the source book or choose a different asset category for the destination book. You can keep the depreciation rules from the source asset or opt for those of the destination book and category.
   Destination Asset Number	Enter a destination asset number or let the application generate it automatically. The asset number in the destination book must be unique.
   Destination Tag Number	Enter the source tag number or enter a new destination tag number. The tag number must be distinct across all books. You can retain the tag number for either the source or destination asset, but it can’t be the same in both the source and destination book.
   Conversion Rate Type	Select a rate type defined in Oracle General Ledger.
   Conversion Rate	Enter a rate if the rate type is User.
   Reporting Currency Rate Basis	Enter this rate to specify how the reporting currency amount is calculated for the destination book. When the destination book's ledger uses the same reporting currency as the source book ledger, the Reporting Currency Rate Basis can be one of the following: Use historical rate: Source book reporting currency amount is copied to the destination book. Use rate as of transfer date: Conversion rate on the transfer date is used to convert the source book reporting currency amount to the destination book. When the destination book's ledger has a different reporting currency than the source book ledger, the Reporting Currency Rate Basis must be Use rate as of transfer date.

6. In the Destination Asset Information section, enter any other information about the destination asset, if necessary.
7. In the Destination Assignment Details section, click the Add icon.
8. Enter the assignment details for the destination asset. You can change the depreciation expense account, location, and employee information when you transfer an asset to the destination book, but make sure the units in the destination book match the units in the source book.
9. Click Submit.
10. Go to the Scheduled Processes page and search for the Post Online Assets Transactions process that you submitted when you clicked the Submit button.
11. When the process has processed successfully, navigate to the Asset Inquiry page and search for the source asset number.
12. Select the source asset.
13. In the Books section, click Transactions.
14. The source asset now shows 0 for the cost, recoverable cost, depreciation reserve, and net book value.
15. In the Destination Book Details section, you can view information about the newly transferred asset, including the new asset number.