Manual Posting of Intercompany Asset Transfer/Retirement

Procedure

  1. Determine the company receiving the asset.

  • If you want to post the asset against a customer account, make sure that the ID of the partner company is entered in the customer master record.

  • Start of the navigation path When posting without a customer (to a clearing account) you must determine the number of the receiving company in the FI-LC system Next navigation step ( Next navigation step Consolidation Next navigation step : Next navigation step Master data Next navigation step Display). End of the navigation path

  1. Determine the retirement costs and the amount of gain on the sale, if any.

  2. Post the asset retirement using transaction type 220/230 (retirement of prior-year acquisitions without/with revenue), or 270/275 (retirement of current-year acquisitions without/with revenue). For more information, refer to Asset Retirement .