Transfer Company Owned to Company Rental Asset

Explanation

This activity is to transfer the company-owned stock to company rental asset. With this transfer, the inventory value will be moved from an inventory general ledger account to a fixed asset acquisition account. You can also set up posting controls to post the transaction to a fixed asset object.

Prerequisites

• Set up posting type M257 in posting control.
• Optionally set up M259 in posting control to use pre accounting or use a combination of M257 and M259 posting types for different code parts.
• Company-owned stock should exists in specific inventory location and no reserved or transit quantity should exist.
• The quantities should not exist in rotable part pools and stock should not be frozen for counting.
• Stock should not be in project inventory.
• Transfer of ownership is only allowed for parts that have been received into a stock location. i.e., transfer is not allowed when a part is in-arrival, pallet arrival, QA or pallet OA locations and it is not allowed in pallet or shipment locations.

System Effects

• The ownership of the transferred parts in inventory and in Part Serial window becomes Company Rental Asset.
• Postings are created with debit posting type M257, Transfer from Company Owned to Company Rental Asset, and credit posting type M1, Inventory.
• If the line is posted to a fixed asset object, a system defined link to this object will be created on the Company Rental Assets tab in the Part Serial window.

Window

Inventory Part In Stock

Related Window Descriptions

Inventory Part in Stock

Procedure

1. Query for the appropriate inventory parts in stock.
2. Select one line that you want to transfer, right-click and point to Ownership Transfer and click Transfer Company Owned to Company Rental Asset.
3. Set the preposting information if you have set up pre-accounting postings.
4. Click OK.