How to transfer Fixed Asset

randya
randya Member Posts: 11
edited 2009-01-07 in NAV/Navision Classic Client
A company has different locations. And item transfer is a common transaction, using Transfer Order.

Is there a way on how to transfer Fixed Asset, just like the transfer order?

FA reclass journal isnt the way since the FA code will still be retained, so as the acquisition cost and depreciation. Once transferred the current depreciation would be charged to the new location.

TIA

Comments

  • nmonty
    nmonty Member Posts: 20
    You have to design a new functionality by using Reclass Jnl.

    Lets take an e.g.

    Location --> A
    FA No. --> X

    It has to be transffered to

    Location --> B
    FA No. --> Y

    Now you have to design a functionality by which the 'B' location makes a new FA 'Y'
    Then the user selects the FA to be transffered i.e. 'X' & the FA in which it has to be transffered i.e. 'Y'.
    After the user pushes the OK button the data will go to the reclass lines & get posted. Reclass % should be 100.
  • dynuser
    dynuser Member Posts: 48
    You have to design a new functionality by using Reclass Jnl.

    We have the same type of transaction.But i need to transfer thfixed assets with a document.With Item Reclassification jrnl, i will not get any document/Stock Transfer document.

    Like Transfer order, do we have any Fixed Asset transfer like stuff in Navision.

    Thanks
  • nmonty
    nmonty Member Posts: 20
    Like Transfer order, do we have any Fixed Asset transfer like stuff in Navision.

    There is no stuff like that.

    Wht do you mean by a Document, I cant understand wht do you mean by a Document.
  • randya
    randya Member Posts: 11
    thanks nmonty for the suggestion.

    But this is a company where theres (currently) 160 locations and 100 FA in any time and FA transfer is a common transaction including warehouse transfer of fixed asset. eg., PO is received in warehouse location and when theres a need to transfer to a location, using the FA reclass journal creating another FA code will only double the FA list.

    Our need is a document printout on the transfer and a history/tracking of that particular asset.

    Because current procedure now to transfer a FA is just by changing the FA Location on the FA card and documentation and tracking is done manually on spreadsheet. So, we want to forgo the manual processess and so that any user can see on the system the location of a particular asset.

    more suggestions please.
  • dynuser
    dynuser Member Posts: 48
    nmonty wrote:
    Like Transfer order, do we have any Fixed Asset transfer like stuff in Navision.

    There is no stuff like that.

    Wht do you mean by a Document, I cant understand wht do you mean by a Document.
    Hi NMonty,
    I mean the document is a stock transfer challan document. It is like an invoice.But since we are transfering the goods(Fixed assets) from one branch to another branch of our own company, we need to have stock Transfer challan.It is also required in the check posts during the transportaion time. I think i am clear why i need the document.Right?
  • nmonty
    nmonty Member Posts: 20
    Hi Randya,

    You can make a new field in the FA Ledger as Location, while transferring the FA from one location to another, the FA Ledger Entries of first location should be reversed & new entries of the second location must get posted.

    By using this the FA No. will remain same & I think the tracking of FA can also be done.


    Hi Dynuser,

    Like you are saying that while posting Transfer Order it asks us whether you want to ship or receive the Item. As far as I know you have to do this by code only.


    Regards
    Naman
  • dynuser
    dynuser Member Posts: 48
    Hi NMonty
    When you say, it should be posted as code, do you mean the item code.I am not clear

    Thanks
  • randya
    randya Member Posts: 11
    Thanks for the suggestion naman

    but fa journal would not work since fa posting type is only for the acquisition, depreciation, write down, appreciation, disposal, maintenance and salvage value. wherein were after the documentation of the transfer of an asset.

    the way to get through our problem would be a customization of transfer order for fixed asset.

    Thank you for all your inputs.

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