Related topics

Types of Transfers

Transferring a Whole Asset

Transferring Multiple Assets

Partially Transferring an Asset

Transfer as a Disposal

Asset Transfer Window

Deleting Asset Transfers

Viewing Past Conditions and Extension Numbers of Partially Transferred Assets

Transferring Assets: An Overview

You can transfer assets within a company or between one company and another. The first type of transfer is called an intracompany transfer. The second type of transfer is called an intercompany transfer. When you perform either type of transfer, the system automatically calculates depreciation through the transfer date. Therefore, you do not need to update current depreciation before transferring the asset.

There are four ways to handle the transfer of an asset, for either intercompany transfers or intracompany transfers:

  • You can perform a standard whole asset transfer, which inactivates the original asset.
  • You can transfer a whole asset and treat the transferred portion as both a transfer and a disposal. This method makes it easier to prepare separate company profit and loss statements.
  • You can partially transfer an asset.
  • You can partially transfer an asset and treat the transferred portion as both a transfer and a disposal. This method makes it easier to prepare separate company profit and loss statements.