ABT1N-Intercompany asset transfer

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.