Asset Transfer

The Fixed Assets Management SuiteApp lets you transfer simple and compound assets across asset types, subsidiaries, classes, departments, or locations. For asset transfers across subsidiaries, you need valid asset transfer account records. For more information, see Asset Transfer Accounts.

Starting with Fixed Assets Management version 4.0, asset transfers are processed in the Asset Transfer page. You can't transfer the asset type at the same time as the subsidiary, department, class, or location. The Subsidiary, Department, Class, Location, and Asset Type fields on the asset record are grayed out even if Allow Asset Value Editing is enabled.

Read the following topics to learn more about transferring assets:

Note:

The SuiteApp doesn't support asset transfers using inline editing. Inline editing lets you change values on the asset record, but it can't transfer the asset's current cost and cumulative depreciation amount, nor does it create journal entries. Asset transfer through mass updates isn't available in the SuiteApp.

Related Topics

General Notices