MDGP 2013 Feature of the Day: Intercompany Asset Transfer

Microsoft have started the Microsoft Dynamics GP 2013 Feature of the Day series on the Inside Microsoft Dynamics GP Blog.

The twenty eighth feature they’ve announced is Intercompany Asset Transfer.

Fixed Asset Management has been enhanced in Microsoft Dynamics GP 2013 to allow assets to be transferred between companies.

The new functionality automates the process of retiring an asset in the originating company, and setting it up for depreciation in the new company. The process can be done for either a single asset or a group of assets, saving the user time on performing these processes manually.

When an asset is transferred, the asset is retired in the originating company and created ready for depreciating in the destination company. In order to reduce processing time, the intercompany transfer process will work for a single asset or a group of assets;

An FA Intercompany Transfer Edit List is also available for printing;

This new feature is targeted at the following roles:

• CFO
• Accounting Manager
• Controller
• Accountant
• Bookkeeper