Asset Lifecycle Management - PSFT (MOSC)

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Interunit Asset Transfer

edited Oct 3, 2016 10:50AM in Asset Lifecycle Management - PSFT (MOSC) 8 commentsAnswered

Hi there,

When performing interunit asset transfer we see that the accounting entries create a retirement and gain loss in the FROM BU

Current accounting entries

Trans type RET

FROM BU P1012   Fixed Asset  (XXX)

                              Accum Dep   XXX

                              Gains/Loss    XXX

TO BU     P1011    Fixed Asset   XXX

                             Asset Clearing (XXX)

                             Accum Dep       (XXX)

                             Depreciation     XXX

What we want to occur

FROM BU  P1012   Fixed Asset    (XXX)

                                InterUNIT       XXX

TO BU       P1011   Fixed Asset     XXX

                              InterUnit         (XXX)

                              Depreciation    XXX

                              AccumDep       (XXX)

Essentially we want to build an interunit asset transfer accounting template - that does not include gains/loss . Is this possible?

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