DynamicAccounting.netYou, Me, and Dynamics GP

2013-12-02 · 2013

Weekly Dynamic: Intercompany FA Transfer

General Ledger & FinancialsTips & Hidden FeaturesSales, Purchasing & InventoryGP 2013

Archived post from 2013. Dynamics GP and the links it points to have changed since; check current documentation before relying on version-specific steps.

GP 2013 lets you transfer fixed assets between GP companies. Fixed Assets now has an Intercompany Transfer Transaction menu option. To transfer:

  • Login to the source company.
  • Pick Intercompany Transfer under Financial > Transactions
  • Pick the asset or group to transfer
  • Select settings for destination asset(s)
  • Allocate related retirement costs as necessary.
  • You can also do partial retirement.

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From an accounting standpoint, this transfer is treated as a retirement on the books of the sending company and a new asset on the books of the receiving company.