Asset not exist in **** book. You cannot transfer

[apshera]

Hi
I am getting a rejection reason Asset not exist in **** book. You cannot perform transfer for asset Number ****

Why this error is occuring. Solution is create the asset in the 2nd book. normally the asset is copied to the 2nd book. Can you please guide me on this

Thanks
shera

[siva sankar]

Hi,

You can not transfer the asset from ABC Book to XYZ Book.

Still you want to add this asset to another book,

1. You can retire the asset from the source Book and run the depreciation,Create journal entries and post the same.
2. Now you can add the asset to the target Book.

Please let me know further clarifications.

Thanks & Regards,

Siva

[oracleapps1983]

Hi Siva

When we are retiring the Asset. what are the Values for Cost of removal and Sale Vale. Because it will calculate Capital Gain & Loss.

Regards
Oracleapps1983

[siva sankar]

Hi,

Following steps can be followed to transfer the asset between books

Step 1: Update the Cost of the Asset to Zero
Step 2: Retire the Asset with Zero sale proceeds
Step 3: Run the Depreciation and Post the Journal entries in GL
(Above steps in the Source Corporate Book)
4.Enter the asset detail in target Book
Step 6: Run the Post Mass Additions Program in the Target Corporate Book
Step 7: Run the Depreciation after validation and post the entries in GL

Thanks & Regards,

Siva