Function: Fixed asset transfer

In this function, you can carry out the transfer of an asset. An asset transfer is a method to move a part of an asset, or an entire asset to another location or company.

Process: Fixed asset transfer (code: MAS06a)

The objective of this process is to transfer assets to a new asset location.

In LN Financials, a fixed-asset transfer is a transfer for all the asset’ s related books, and this transfer creates any additional books the destination asset requires.

Assumptions:

  • LN creates journal entries for the source and destination assets to the values in the asset book, the Fixed Asset (FAM) parameter, and the book setting.

IT support:

  • LN Financials, Fixed Asset Management