Transferring assets

You can transfer an asset to another unit before the end of its service life. When you transfer an asset, all the analysis views remain the same for the source unit. The target unit receives the asset on the transfer date. The transfer date is automatically set to the last day of the asset's service life based on the original purchase date. The acquisition cost for the receiving unit is set to the remaining book value of the asset.

Like employees, assets transferred to another unit do not carry their allocations to the target unit; they default to the system allocation.

To transfer assets:

  1. Click Assets.
  2. Select the check box to the left of the asset you want to transfer.
  3. In the Disposal Date box, specify the date of the transfer. Do not exceed the service life of the asset. The date must be within the current budget cycle.
  4. Click Transfer Selected Assets.
  5. Select the target unit from the list, and click Transfer.

If you accidently transfer the same asset multiple times to the same member or to multiple target members, delete the duplicate assets.