Transfer Asset

There are times when groups of related assets need to be transferred to a different location or organizational entity. There are several different methods to make the transfer, each has to satisfy system edits to match the method.

Recall the system restrictions surrounding an asset transfer where the asset balance sheet account would be changing sub funds within a fund or changing funds. That type of transfer has to use the Internal Sale task when the accounting for an asset is done by the Accounting Line and those lines do not use the General Capital Assets fund. For transfers where the Responsibility Center COA are used to record the asset, that is the Fixed Asset Internal Transfer task. When the Responsibility COA are only used for tracking ownership outside of the accounting aspect or they are only used for depreciation purposes that is the Change Responsibility Centers task.