Transferring fixed assets to different locations is used, for example, when you place an asset in the production department while it is under construction. After it is finished, you move it to the administration department.
Set up a new fixed asset. Enter the new location in the Department Code field.
Create an FA depreciation book in which you attach a depreciation book to the fixed asset
To move 100% of the acquisition cost and the depreciation for an asset to the new asset, open the FA Reclass. Journal window.
Fill in the journal line. For Help about a specific field, click the field and press F1.
Click Reclassify.
The program creates the necessary lines in the FA G/L journal using the template and batch you have specified in the FA Journal Setup window for the specified depreciation book.
c The Fixed Asset G/L Journal window shows the lines the program has created.
Click Posting, and then click Post to post the entries.
If the balancing accounts have not been set up, you must enter the balancing accounts before you post the lines.
Setting Up FA Reclassification Journal Templates
Setting Up FA Reclassification Journal Batches