Transfer Company Owned to Company Rental Asset

Explanation

This activity is to transfer the company-owned stock to company rental asset. With this transfer, the inventory value will be moved from an inventory general ledger account to a fixed asset acquisition account. You can also set up posting controls to post the transaction to a fixed asset object. The transfer of ownership can also be applied on a handling unit and will then have effect on the content of that handling unit.

Prerequisites

System Effects

Window

Inventory Part In Stock
Handling Unit
Handling Units in Stock

Related Window Descriptions

Inventory Part in Stock
Handling Unit/Structure
Handling Units in Stock

Procedure

From Inventory Part in Stock  window:

  1. Query for the appropriate inventory parts in stock.
  2. Select one line that you want to transfer, right-click and point to Ownership Transfer and click Transfer Company Owned to Company Rental Asset.
  3. Set the preposting information if you have set up pre-accounting postings.
  4. Click OK.

From Handling Unit in Stock  window:

  1. Open the Handling Unit window.
  2. Query for an existing handling unit.
  3. Click the Structure tab to view the handling unit structure details.
  4. Right-click on the handling unit(s) and and then point to Ownership Transfer, and then click Transfer Company Owned to Company Rental Asset.
  5. Click OK.