Fixed Assets - EBS (MOSC)

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Can we insert Journal Lines for the Asset Transfer Event using SLA

edited Jul 1, 2014 5:00AM in Fixed Assets - EBS (MOSC) 5 commentsAnswered

Hello,

  1. I have a requirement to balance all Journal entries by the Location segment (it is not the balancing segment).
  2. On doing an Asset Transfer from Location A to Location B the Accounting Entry would be Debit the Asset Cost in the Destination Location and Credit the Asset Cost in Source Location.
  3. However, this would create an unbalanced Journal entry at the Location segment level.
  4. Hence I would like insert two Journal lines, for Debit Line and the other credit Line. The Credit Line would be for the Destination Cost and the Debit Line would be for the Source Location Cost. Both the new lines would use a common Inter Location GL Account clearing account.

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