Query
I need to know in the Fixed Asset Management (FAM), if I transfer an asset from Subsidiary A to Subsidiary B using the FAM Transfer Entries function, would this impact and change historical data/activity after the transfer was made for Subsidiary A?
Note: Subsidiary A is historical data and Subsidiary B is current data.
We do not want to change historical data in that is in Subsidiary A after the transfer to Subsidiary B.
Solution
The effect of the transfer will depend On the Transfer Date field, where you’ll specify the effective transfer date for the asset. There is historical data meaning assets that have depreciated in prior closed accounting period that have already been reported on for financial and auditing purposes.