Transfer Assets (tffam8211m000)
Use this session to transfer a range of assets. Here, you indicate the transfer method and specify the destination information. In addition you enter criteria to identify the group of assets to be transferred.
If you leave a Criteria field empty, LN only performs the transaction on all assets that match entered criteria. For example, if you leave the Category field empty, LN then performs transactions on all assets that meet the criteria you specified, regardless of the category of the group of assets.
With mass transfer you can transfer a large number of assets at once. You can mass transfer assets at any point after they have been capitalized. In a transfer, assets move from the one category/asset to another.
For each asset book, LN first validates whether a transfer is possible.
You can transfer all or part of the selected assets. In a full transfer, LN transfers the total quantity of all selected assets to the destination asset. In a partial transfer, LN transfers a portion of each asset to the destination asset and leaves a portion in the source asset.
All other options for mass transfer are identical to single asset transfer.
Field Information
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- Asset Number
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The From and To fields define a range of: asset numbers.
- Asset Extension
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The From and To fields define a range of: asset extensions.
- Category
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The From and To fields define a range of: categories.
- Subcategory
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The From and To fields define a range of: subcategories.
- Group
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You specify the range of asset group codes associated with the assets on which you want to perform the mass transfer.
- ITC Method
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You specify the range of investment tax credit (ITC methods) associated with the assets on which you want to perform a mass transaction.
- Vintage/Group Account
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The From and To fields define a range of: ADR vintage or MACRS group accounts associated with the assets on which you want to perform the mass transfer.
- In Service Date
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The From and To fields define a range of: in-service dates.
- Current Quantity
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You specify the range of current asset quantities shared by the assets on which you want to perform the mass transfer.
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- Automobile
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You select certain criteria to perform the transaction. If you choose Selected, the transaction will be performed on those assets with this check box selected in the Assets (tffam1500m000) session. If you choose Not Selected, the transaction will occur on only those assets that do not have this check box selected in the Assets (tffam1500m000) session. If you choose N/A, the transaction will occur based on other criteria.
- Listed
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You select certain criteria to perform the transaction. If you choose Selected, the transaction will be performed on those assets with this check box selected in the Assets (tffam1500m000) session. If you choose Not Selected, the transaction will occur on only those assets that do not have this check box selected in the Assets (tffam1500m000) session. If you choose N/A, the transaction will occur based on other criteria.
- New
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You select certain criteria to perform the transaction. If you choose Selected, the transaction will be performed on those assets with this check box selected in the Assets (tffam1500m000) session. If you choose Not Selected, the transaction will occur on only those assets that do not have this check box selected in the Assets (tffam1500m000) session. If you choose N/A, the transaction will occur based on other criteria.
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- Transfer Date
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Date on which the transfer takes effect.
- Reason
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Enter a reason code of the Transfer reason type for the new transfer transactions.
Reason codes are maintained in the Reasons (tffam6550m000) session.
You can look up the reason code of a transfer transaction in the Capitalization/Transfer - Details (tffam8510s000) session, a subsession of the Asset Book Transaction Inquiry (tffam8501m000) session.
- Description
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The description or name of the code.
- Transfer Percentage
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Percentage of the distribution lines for the selected assets you would like to transfer.
- Suppress Journal Entries
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If this check box is selected, journal entries are not created in the General Ledger module for this transaction.
- Print Error Report
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If this check box is selected, an error report is printed.
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- Financial Company
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The company to which the group of selected assets will be transferred.
You can enter a company if:
- More than one financial company belongs to the current group company.
- You defined intercompany relations between the companies in the Inter-Company Relations (tfgld0515m000) session.
Otherwise, the destination company is the same as the source company.
- Category
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Default value
The current category for the source company for in-company transfers; otherwise, the field is empty.
Identifies the destination of the asset you are transferring.
- Based on Book Value
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If this check box is selected, the net book value of the original asset at transfer date is used as transfer amount. The new asset is maintained with this amount as the cost amount, without any accumulated depreciation. If this check box is cleared, both cost and accumulated depreciation are transferred and separate transactions are created for cost amount and accumulated depreciation.
- Vintage/Group Account
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You specify the vintage or group account to which any assets currently in an account must be added on the destination company. The selected assets must have the same life, frequency, method, and depreciate below salvage setting as the selected vintage or group account in order for the transfer to succeed.
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- Location
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You specify the location account associated with the assets on which you want to perform the mass transfer. You might have up to eight location segments set up which define the physical location of an asset.
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