Asset transfer from one company code to other

[Former Member]

Hi,

I have a scenario to transfer asset from one company code to another company code due to merger.

Say two company codes X & Y. From 01.04.14 onward Y merged with X  only X exists from that date

So we want to transfer the assets from Y to X as on 01.04.14  and values of those assets should reflect in X with Gross Value and Accumulate dep posted in Y already.

For that we are trying to post the same through ABT1N by selecting no revenue and tranfer variant as 1. ( i dont want system to calculate and post any reveneue

I want following entry to be posted during tranfer

DR Gross value in X CC

CR Gross value in Y CC

DR Accmulated dep in Y CC

CR Accumulated dep in X CC

system should not post to P&L GL during transfer.

Or is there any other method through which we can address this..

Thanks

Karthikeyan G

[ajaycwa1981]

Hi Karthik

There is more to it than mere asset transfer

Usually, during merger, the assets are reevaluated . In thatcase, it helps to retire the assets in Y and rrecreate them in X..

If you are just taking the assets as-is, then do Abt1n.. Note that the acc entry won't match in each company unless the clearing account is brought in..

In Y:

It has to be Dr. Accum dep , Cr. APC and the balance goes to a clearing account

Similarly in X, same thing will happen

Br. Ajay M