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Transferring Assets Steps

Discussion in 'General' started by saptarsi.goswami, Jun 17, 2015.

  1. saptarsi.goswami

    saptarsi.goswami Active Member

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    Transferring Assets Steps

    You can transfer assets between employees, depreciation expense accounts, and locations.

    Transferring a single asset

    To transfer an asset between employees, expense accounts, and locations:

    1. Choose Asset > Asset Workbench from the Navigator window.
    2. Find the asset you want to transfer between employees, expense accounts, and/or locations.
    Suggestion: For best performance, query by asset number or tag number since they are unique values.
    3. Choose Assignments.
    4. Optionally update the Transfer Date.
    Note: If you transfer an asset during the period in which it was added, the Transfer Date automatically defaults to the asset's date placed in service and you cannot change it.
    5. In the Units Change field, enter a negative number for the assignment line from which you want to transfer the asset.
    6. Create one or more new lines, entering a positive number in the Units Change field for the assignment lines to which you want to transfer the asset.
    7. Enter the new Employee Name, Expense Account, and/or Location for the new distribution.
    8. Save your changes.

    Transferring a group of assets

    To transfer a GROUP of assets between employees, expense accounts, and locations:

    1. Choose Mass Transactions > Transfers from the Navigator window.
    2. Choose the corporate depreciation Book for the assets you want to transfer.
    3. Optionally update the Transfer Date.
    4. Enter one or more selection criteria for the mass transfer.

    Transfer From: Enter values in the Transfer From fields to select the assets you want to transfer.
    Transfer To: Enter values in the Transfer To fields to tell Oracle Assets to which assignment line you want to transfer the assets you selected.

    You also can use the From and To fields as a selection criterion without transferring between them. When you enter the same value for the From and To fields, Oracle Assets transfers only assets that match that information without changing it.
    When you enter different values for the From and To fields for more than one selection criteria, Oracle Assets transfers only assets that match all the criteria you enter in the From fields to all the criteria you enter in the To fields. For example, you enter different values in the employee fields (From Smith, To Jones) and the location fields (From New York, To Dallas). Oracle Assets transfers only those assets assigned to both Smith and New York, to a new employee and location, Jones and Dallas.

    5. Choose Preview to run the Mass Transfers Preview report. Use this report to preview the expected effects of the Mass Transfer before you perform it. If necessary, update the definition and run the preview report again.
    6. To perform the Mass Transfer, query the mass transfer and choose Run. Oracle Assets submits a concurrent process to perform the transfer.
    7. Review the log file after the request completes.

    Transferring invoice lines between assets

    1. Choose Asset > Asset Workbench from the Navigator window.
    2. Find the asset whose invoice information you want to change.
    Suggestion: For best performance, query by asset number or tag number since they are unique values.
    3. Choose Source Lines.
    4. Choose the line(s) you want to transfer.
    5. Choose Transfer To.
    6. In the Transfer To window, specify the destination asset to which you want to transfer the line.
    7. Save your work.