The Balance sheet transfer function transfers security positions from one G/L account to another in Financial Accounting. You need to use this function, for example, when you want to transfer a security from current assets to fixed assets.

You manage your security positions per security account in one account assignment reference. You define this account assignment reference in the position indicator of the relevant securities account position.

You can manage several securities account positions in the same account assignment reference. The account assignment reference describes the G/L account in which the book values of the positions are managed in Financial Accounting.

You use the balance sheet transfer function to transfer security positions of a securities account group to another account assignment reference. The old account assignment reference is changed to the new one for the position indicators affected.

In cases where the old and new account assignment references are managed in different G/L accounts, the book values of the positions affected are transferred between these G/L accounts in FI. You do this by taking the book value of the G/L account of the old account assignment reference off the books and posting it to the G/L account of the new account assignment reference.