Intracompany Transfers in fico

Purpose

Intracompany transfers are required if an asset has been assigned to an incorrect asset class, and thereby to the incorrect general ledger account. They are also used if the asset is to be assigned to a different business area, or if a part of the asset is to be dismantled and its value changes are to be tracked separately.

The sale of an asset to an affiliated company is referred to as Asset Transfer Between Affiliated Companies.

Prerequisites

In this IDES process, we refer to an "old" asset. If someone else has run this process before you, it could be that they have already set this asset to zero through a total transfer. You therefore need to check the values of the asset, and reverse the asset transfer, if required.

Process Flow

You can find the data for this process under .

1. To check the net book value of the asset
Display the Asset in the Asset Explorer. If the net book value is zero, you first need to Reverse the Asset Posting.
2. For the intracompany transfer, you require a new asset with new assignments. In this scenario, we have changed the assignment to the asset class. The other entries, such as the depreciation parameters, remain the same. You can therefore
Create an Asset Using a Reference.
3. Until this point, you have only processed master data. To switch the asset values from one asset to another, you
Execute the Intracompany Transfer.
4. To analyze the value changes for both assets, you
Display the Asset in the Asset Explorer. A retirement has been posted for the original asset. The new asset records the planned values and the corresponding depreciation for the asset that is to be retired.
5. To ensure that this process can be repeated, you should
Reverse the Asset Posting.