Asset Transfer Process Stages

The Process Status queues the following processes for asset transfer. Click Details on any process to view its stage details.

Process	Process Stage	Process Stage Description
Asset Transfer	Validate Asset Transfer Values	Checks if the details of the asset being transferred, and its child records, are valid.
Catch-up Precomputation	Creates depreciation history records from the asset’s last depreciation date and depreciation start date, up to the period before the transfer. This process includes the asset’s child records.
Catch-up Journal Creation	Creates catch-up journal entries for posting records (assets or tax) from the asset’s last depreciation date and depreciation start date, up to the period before the transfer. This process includes the asset’s child records. Note: If a journal fails, the related assets aren't transferred.
Prepare Data to Update Records	Gets updated values from journal entries and identifies records to update. The status shows Not Required if no journal was created in the previous step.
Update Asset Records	Updates posting asset or tax methods based on its depreciation values.
Update Tax Methods	Updates non-posting tax methods based on its depreciation values.
Transfer Assets	Processes the transfer of the asset to the specified asset type, subsidiary, class, department, or location. Note: When the asset transfer fails, the catch-up depreciation won't be rolled back.
Update Compound Assets	Updates affected compound assets.
Update Related Records	If the asset is transferred successfully, the system skips this stage and sets the status to Not Required. If it fails, the system reverts changes made in the previous stage.
Delete Old Forecast Values	The system deletes the existing depreciation schedule since it's no longer accurate after the transfer.

Process

Process Stage

Process Stage Description

Asset Transfer

Validate Asset Transfer Values

Checks if the details of the asset being transferred, and its child records, are valid.

Catch-up Precomputation

Creates depreciation history records from the asset’s last depreciation date and depreciation start date, up to the period before the transfer. This process includes the asset’s child records.

Catch-up Journal Creation

Creates catch-up journal entries for posting records (assets or tax) from the asset’s last depreciation date and depreciation start date, up to the period before the transfer. This process includes the asset’s child records.

Note:

If a journal fails, the related assets aren't transferred.

Prepare Data to Update Records

Gets updated values from journal entries and identifies records to update. The status shows Not Required if no journal was created in the previous step.

Update Asset Records

Updates posting asset or tax methods based on its depreciation values.

Update Tax Methods

Updates non-posting tax methods based on its depreciation values.

Transfer Assets

Processes the transfer of the asset to the specified asset type, subsidiary, class, department, or location.

Note:

When the asset transfer fails, the catch-up depreciation won't be rolled back.

Update Compound Assets

Updates affected compound assets.

Update Related Records

If the asset is transferred successfully, the system skips this stage and sets the status to Not Required. If it fails, the system reverts changes made in the previous stage.

Delete Old Forecast Values

The system deletes the existing depreciation schedule since it's no longer accurate after the transfer.

Related Topics