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