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How to transfer Fixed aseets between companies

Discussion in 'Oracle Financials' started by fin_mate@yahoo.com, Jul 3, 2013.

  1. fin_mate@yahoo.com

    fin_mate@yahoo.com Active Member

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    HI All,

    We have a requirement of transferring Fixed assets from Comany "A" to company "B" in the business group. Can we achieve this in Oracle R12 Assets?

    We can transfer assets between employees, depreciation expense accounts, and locations, but can we transfer the assets from one company to another company? If anybody has already solution, could you please share me the same?

    If it is not possible to transfer the assets between 2 companies, then can we use the workaround .i.e. retiring the assets in the source company (company A) and manually adding the same Asset in the target company (Company B)? Apart from this, do we have any other workarounds? Please suggest me the solution..

    Thanks in advance..

    Regards,
     
  2. a_kamalraj

    a_kamalraj Forum Advisor

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    Hi Fin,

    As you said there is no other option other than retiring it from source and re-creating it in other company.
    This is the only solution you can do it for this.

    Cheers
    Kamal(kamal.love@gmail.com)
     
    fin_mate@yahoo.com likes this.
  3. fin_mate@yahoo.com

    fin_mate@yahoo.com Active Member

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    Thank you kamal...:)