Splitting an object involves dividing an object into two objects. A new object is created in the system and a part of the base value of the original object (i.e. the object that is split) is transferred to it.
A split can be carried out only for objects of the status Investment or Active. In order to split an object of the status Investment, it is required that accounting transactions have been entered in the system for the acquisition of the object. To split an object of the status Active, it is required that the object has been depreciated up to the split date (i.e. except when the object type is Non Depreciable).
When you are splitting an object, you will be required to enter the ID, description and the value of the new object that will be created in the system. The value of the new object can be specified as an amount or as a percentage of the value of the original object. Once this operation is carried out, a voucher will be created in the hold table(s) of the respective ledger(s) to post the acquisition value, acquisition value adjustments per book and the accumulated depreciation transferred.
The status of the new object created in the system will be the same as that of the original object. At the same time, the general information (like object group and acquisition account), information relating to books, planning information (if the status is Investment) and inventory information will be copied from the original object to the new object.
It is possible to roll back the split of an object. As a result of the roll back of a split transaction, the following would take place.
Moving an object involves
At a given time, you can move the acquisition value of the object, book-specific adjustments or it's accumulated depreciation.
When you move the acquisition value of an object, you cannot split the acquisition value and post the split amounts to different code string combinations. However, it is possible to split the acquisition value based on the transaction reason. On the other hand, when you move the accumulated depreciation of an object, it is possible to split the depreciation based on the code string combination as well as the transaction reason.
Once an object is moved, it is possible to roll back the move. As a result, the code string to which the acquisition value/adjustments/accumulated depreciation of the object is posted as well as the transaction reasons will be the same as what they were before the move.
Replacing an object involves inactivating an existing object and transferring it's balances to a new object.
In order to replace an object, it's status must be Active and it must be be fully depreciated up to the replace date. You will be required to specify an ID and a description for the new object when you carry out this operation. Once the operation is carried out, a voucher will be created in the hold table(s) of the respective ledger(s) to post the acquisition value, acquisition value adjustments per book and the accumulated depreciation transferred.
When an object is replaced, it's status will be Replaced. The new object will be created with the status Active, and the general information (like object group and acquisition account), information relating to books, and inventory information will be copied from the original object to the new object.
It is not possible to depreciate, split move, or dispose an object that has been replaced. It will also not be possible to include a replaced object in a physical count. A replaced object can be included in a depreciation plan only if it has been included in a posted depreciation proposal that covers the same period range for which the depreciation plan is created.
Once an object has been replaced, it is possible to roll back the replacement. As a result, the following would take place.