Transfer Company Rental Asset to Company Owned

Explanation

This activity is used to transfer the company rental asset stock to company-owned stock. With this transfer, the fixed asset value will be moved from a fixed asset account to an inventory general ledger 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

• Set up posting type M258 in posting control.
• Optionally set up M260 in posting control to use pre-accounting or use a combination of M258 and M260 posting types for different code parts.
• Company rental asset stock should exist in a specific inventory location and no reserved or transit quantity should exist.
• The stock should not be frozen for counting.
• The stock should not be in project inventory.
• Transfer of ownership is only allowed for parts that have been received into stock location, i.e., transfer is not allowed when a part is in-arrival or QA locations and it is not allowed in shipment locations.

System Effects

• The ownership of the transferred parts in inventory and in Part Serial window becomes Company Owned.
• Postings are created with debit posting type M1, Inventory, and credit posting type M258, Transfer from Company Rental Asset to Company Owned.

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 Rental Asset to Company Owned.
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 Rental Asset to Company Owned.
5. Click OK.

Note: Depending on the costing method being used for the part, the Define Cost Structure dialog box will be opened to specify the value that needs to be transferred to inventory.