The IFS help files provide rather comprehensive detail on the setup required. I’ve copied some of it here but please have a look for more detail on the posting types:

A transfer of an object takes place when an object is transferred from one company to another. It is a disposal of an asset for a sending company and an acquisition of an asset for the receiving company. The transfer of an object may or may not generate income for the sending company. If an income exists, the operation also results in posting accounting transactions to the sales income. The accounting transactions are created in the system to write off the acquisition amount, the acquisition value adjustments per book and the depreciation in relation to the disposal. Transfer an object results in a change of the object status from Active to Transferred.

There are a number of posting types involved for the disposal part of an asset transfer. The posting control for posting type FAP51 and FAP52 should be defined to counter-post the the acquisition value and and accumulated depreciation. The transfer income is posted using FAP53 - Transfer, Income and counter-posted using FAP54 - Transfer, Income, Interim Posting. Optionally, the inter company transaction can be created to counter-post the transfer income using FAP55 - Inter Company Due From Affiliated Company. If profit/loss postings from the transfer are required for one or several books posting types FAP58, FAP59, FAP60 and FAP61must be defined. For objects with acquisition value adjustments per book posting types FAP62, FAP63 must be defined.

Prior to completing the transfer, the following has to be in place: 

There are 2 methods: 

The IFS help files provide rather comprehensive detail on the setup required. I’ve copied some of it here but please have a look for more detail on the posting types:

 

A transfer of an object takes place when an object is transferred from one company to another. It is a disposal of an asset for a sending company and an acquisition of an asset for the receiving company. The transfer of an object may or may not generate income for the sending company. If an income exists, the operation also results in posting accounting transactions to the sales income. The accounting transactions are created in the system to write off the acquisition amount, the acquisition value adjustments per book and the depreciation in relation to the disposal. Transfer an object results in a change of the object status from Active to Transferred.

There are a number of posting types involved for the disposal part of an asset transfer. The posting control for posting type FAP51 and FAP52 should be defined to counter-post the the acquisition value and and accumulated depreciation. The transfer income is posted using FAP53 - Transfer, Income and counter-posted using FAP54 - Transfer, Income, Interim Posting. Optionally, the inter company transaction can be created to counter-post the transfer income using FAP55 - Inter Company Due From Affiliated Company. If profit/loss postings from the transfer are required for one or several books posting types FAP58, FAP59, FAP60 and FAP61must be defined. For objects with acquisition value adjustments per book posting types FAP62, FAP63 must be defined.

 

Prior to completing the transfer, the following has to be in place: 

 

There are 2 methods: 

 

Hi Irituma

Thanks for the detailed explaination this helps.

Best Regards

Sophal