ABT1N- Intercompany asset transfer
Use this tcode to carry out inter-company asset transfers (between company codes).
For the individual companies, an inter-company transfer represents a retirement for the one company and an acquisition for the other.
An inter-company asset transfer within a corporate group may be necessary for one of the following reasons:
Transfer of the asset from the books of one company code to another
· Changes in Organizational Structure
Use the menu path Accounting-> Financial Accounting-> Fixed Assets-> Posting->Transfer -> Inter-company asset transfer
or usethe tcode ABT1N
1- Enter the company code and the asset that is being transferred
2-Enter the Company code that the asset is being trasferred to
3-Check the radio button of existing asset and enter the asset number if the transfer is happening to an asset that already exists in the the other company code
Choose New Asset if you want to create a new asset that you are transferring to.
Click on the additional details tab
Click on simulate after entering all the info.
View the transaction
Note- If the G/L accounts are incorrect, then you will need to change the account determination configuration
Click on Save if the transaction looks fine.
When an Asset is being transferred to a new asest
On the initial screen, choose the radio button of new Asset.
Then click on Master data
You will see the fields that appear when you create an asset using AS01
Fill out all the info that you wouldwhen create an asset and click on Save
You will see two transactions being posted.
1- A retirement in the sending company code
2- Acquisition in the receiving company code.
Refer to this guide if you want to configure asset accounting
Leave a comment below if you have any question.