Capital transfers

The purpose of the capital transfer is to move a capital amount from one asset to another. You will be able to create a new asset for the target of the transfer. If either asset has an active postable depreciation schedule, the depreciation schedule(s) will be updated to reflect the transfer of the capital and accumulated depreciation amounts. Equipment accounting transactions will be created for the associated from and to units. This ensures consistency in the Enrich equipment accounting transactions file.

More on capital transfers

1. At the Asset Management main menu, select Assets / Asset Level Depreciation | Capital Transfers. The Capital Transfer enter screen appears.
2. Fill in the fields as required.

   From Assetis the asset the capital is being moved from. You can click on the Prompt button to select the asset from a list.

   To Assetis the asset the capital is being moved to. You can click on the Prompt button to select the asset from a list.

   Capital Amount to Transferis the amount to be transferred. It cannot be more than already exists on the asset.

   Accum Deprec to Transferis the amount of accumulated depreciation to transfer. It cannot be more than already exists on the asset.

3. Click Enter . The information will be verified.
4. Click Post Transfer . The transfer will be posted and you will return to the menu.

Back to Asset Depreciation