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Unable to transfer asset from one book to another book for expensed assets

Summary:

Regarding the new feature “Asset Transfer to Another Book.

Content (please ensure you mask any confidential information):

We are currently in the process of implementing this functionality, and during our testing, we discovered that it is not possible to perform Asset Transfer to Another Book for Expensed assets.

The Oracle note included in 26A (Guidelines for Transferring Assets from One Book to Another) states: “You can transfer only capitalized assets from one book to another. You can't transfer leased assets from one book to another. You can't transfer group assets and their member assets from one book to another. To transfer an asset that's a member asset, you must remove it from the group asset it's assigned to. It then becomes a standalone asset in the source asset book and can be transferred to the destination book.” However, this note does not specifically address expensed assets.

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