Asset Transfers -- 11328

The purpose of this routine is to transfer the value of the asset to another account, given that the you can transfer within the same branch or between branches of the same company.

• To book the transfer within the same branch, standard entry 830 is available.
• To book transfers between branches of the same company, standard entries 831 and 832 are available. Entry 831 books the outflow of the asset from the origin branch and entry 832 books its inflow at the destination branch.

The following variables are also available:

• CTABEM - destination asset account
• DESPDEPR - destination depreciation expense account.
• DEPREACUM - destination accrued depreciation account.
• CORREBEM - destination asset correction account.
• CORREDEPR - destination accrued depreciation correction account.

In asset transfers between branches, be mindful that the destination branch must exist, as well as ledger accounts and cost centers must be registered at the destination branch.

In Asset transfers, we have 02 (two) transfer types, as follows:

• Physical Transfer - Transfer asset from location or branch.
• Accounting Transfer - Transfer Asset Type selected for another account and/or other accounting entities.

As an example, if you transfer an asset from one branch to another (physical transfer), you must not change ledger accounts at this point. If needed, make the transfer in 02 (two) steps. In the first step, make the physical transfer only, and in the second step transfer the accounts (accounting transfer).

Note: The physical and accounting transfers must not occur in a single step. First make the physical transfer between branches, then the accounting transfer afterwards.