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.