Transferring Fixed Assets

  1. Open the Fixed Asset Transfer form. Turn off Filter-in-Place.
  2. Select the asset that you want to transfer.
  3. These fields are populated based on the fixed asset:
    • Description
    • Class Code
    • Tag Number
    • Department
    • Location
  4. Select the date to transfer the asset. The current date is used by default.
  5. If transferring the asset to a new class code, select the New Class Code.

    For the new class code, select the New Tag Number.

  6. If transferring the asset to a new department, select the New Department.

    For the new department, select the New Location.

  7. Save the record.

If you change any of the related cost or depreciation records, you must delete and re-add the transfer record so the system writes the correct amounts to the FA Distribution Journal.

To post fixed asset transfer transactions to the system:

  1. Open the Fixed Asset Transfer Posting form.
  2. Select the fixed asset in the Asset range fields.
  3. Select Commit and click Process to post the transfer.
  4. Select Print and click Process to print the report.
Related topics