Transfer capital items to the fixed asset (India)

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

This procedure walks you through transferring a capital item by issuing inventory items to the Fixed assets journal. The demo data company used to create this procedure is INMF.

Create Inventory journal for assets transfer

  1. Go to Inventory management > Setup > Journal names > Inventory.
  2. Click New.
  3. In the Name field, type a value.
  4. In the Description field, type a value.
  5. In the Journal type field, select an option.
  6. In the Voucher series field, enter or select a value.
  7. In the Reservation field, select an option.
  8. In the Detail level field, select an option.
  9. Click Save.
  10. Close the page.

Create capital fixed asset

  1. Go to Fixed assets > Fixed assets > Fixed assets.
  2. Click New.
  3. In the Fixed asset group field, enter or select a value.
  4. In the Name field, type a value.
  5. Click Save.
  6. Close the page.
  7. Close the page.
  8. Go to Fixed assets > Journal entries > Inventory to fixed assets journal.
  9. Click New.
  10. In the Name field, enter or select a value.
  11. Click OK.
  12. Click New.
  13. In the list, mark the selected row.
  14. In the Fixed asset number field, enter or select a value.
  15. In the Item number field, enter or select a value.
  16. Click the Inventory dimensions tab.
  17. In the Site field, enter or select a value.
  18. In the Warehouse field, enter or select a value.