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hello welcome back to my youtube channel in today's video I'll talk about how to do a company code or a balancing segment transfer between fixed assets so I'll take a requirement wherein I want to transfer an assent from one company code to another company code within a particular lecture so I logged into fixed asset superuser Raelians INF so within reliance INR I have two company codes 0 1 and 0 dunno I will pick up and I said and I will transfer the asset front company code 0 1 to company code 0 2 and then I'll show you the accounting impact of transfer from one company code to the another company so first navigate to asset workbench asset asset workbench pick up your asset book Reliance Corp is my third book and there are a lot of assets between this red book so let me just pick up maybe say this is it this is my cert number and equal to a financial inquiry this set the cost of the asset is sixty five thousand and this is the net book value and this is the ykt depreciation and the depreciation per period is five thousand four hundred and sixty rupees now if you go to the asset assignments you will be able to see that it is actually now currently quoted to company zero one I will transfer it from company zero one to company zero to what you need to do is units change so there is one unit so I am transferring it from company code zero one to company code zero two so just put minus 1 here and then plus one smelly the reason why I am putting minus 1 or plus 1 is I am actually transferring one unit of this work there are say 10 units and if you want to transfer the entertain eNOS here you know this place 5 minus 10 and then plus 10 and then maybe do a shift f5 to copy the enter account or combination and just just change the company code so I am transferring it from reliance communications to Reliance textiles let me just copy the same location click on done really you should be able to say that it's now under company code zero okay so we have now moved the company sorry we have moved ESF from a company called zero one two company code zero now let's turn the depreciation and then run the create accounting and then check the accounting impact so generally before you run your creative country you should ensure that you should run the depreciation closed separate and then run the create accounting so that's the general process run the depreciation for my asset book let me close the period so my state appreciation request is completed I'll turn the date accounting and within the create accounting output you should be able to see the concerned accounting entries there's one way otherwise once the create accounting is completed it will trigger the journal import program and then interest a transfer to key we can even query the journal from the DL the third way is you can go to the inquiry and then go to the transaction history query for the particular set and then click on new accounting to see the concerned accounting entry I mean it's not mandatory to run the depreciation in order for you to run the create accounting but there's a general process you actually perform all the required activities in a given paid run the depreciation and generally you run the create accounting at the end so that's the reason when I am running the depreciation now with closed project process yes and then after this held and they create accounting you this depreciation under question internally trigger couple of requests so we need to wait for all the concerned requests to be completed and then you should run the create accounting program which will generate the concerned accounting entries so this is the last problem so let's wait for this particular program to be completed the county you you generally this program takes a while that the depreciation process takes a while because it into trigger cutoff requests and it also depends on the number of assets in your asset both okay as the depreciation program is completed now miniature on the create accounting select your corporate book and end date will be the last day of the month is 31st of October accounting mode I am going for final report as I say detailed report because I want to see the accounting entries transfer to GLS yes so posting it may or may not be posted that's fine so this create accounting assets will internally trigger accounting program and then for the concern journal entry is going to trigger the journal input as we have said the transfer to general ledger as yes it will trigger the journal input and it will it will push the data to the journal Nature and as we have said the posting has no it will be created as a journal in jail but the journal entry will not be posted as we have said the posting planners know when you are an even greater quantity let's wait for this program to be completed then you should be able to see the impact of the accounting interest let me just copy P September September weight will be Moody aside from one company to another company as we have movie assets from company code 0 1 2 0 2 this term will transfer the cost accumulated depreciation from company code 0 1 2 0 2 so you should be able to see the required consent accounting entries and as 0 1 and 0 2 or 2 different company core system will also what we call create the intercompany receivable and intercompany payable lines so you would have already set the concerned intercompany accounting rules within your general ledger setup so based on the system will pick up the intercompany receivable and intercompany payable accounts and will create the intercompany lines ok your create accounting program is completed so no I mean let this particular program run but you can now go to the create accounting assets you can view output and then you should be able to see the concerned accounting entries it should be accounting entries under the category transfers you you okay so under transpose looks like it's a big file okay let's make query for that okay so here you can see the accounting entries related to this particular asset so here you cannot see the description of the account so let's go to the V accounting and then later I can explain you the accounting impact go to the inquiry transaction history this is my part I booked a set number fine put your cursor here this is where you made a transfer so click on change so if you want if you want to know the details to 2010 so here you can see it has moved from 0 1 to 0 2 so click on Tools bu accounting which is where you should be able to see the concerned accounting interests ok so the first entries moment of the cost or transfer of the cost from 0 1 2 0 to asset cost generally shows your debit balance so there is it a bit there was a debit balance under 0 1 company code with one 560 row is here I said cost account so here you can see the description is I think computers and software so there was searched by thousand rupees so that was actually credited and that was debited to zero to company code that's it we got to the asset cost account now III got to accumulated depreciation generally accumulated depreciation shows a credit balance so there was a credit balance lying under accumulated depreciation under zero one company Co so now we have debited that 32,500 was the accumulated balance it was debited under 0 1 and it was actually credited to 0 2 so we have moved the accumulated balance from 0 1 to 0 2 and once you do a balancing figure so there's a balance in the equal of 32,000 for 19 ins but that is Mike if you add up these two debits and credits the e there should be a balancing peak of 30 2004 99.9 8 with I mean sorry it's not exactly balance in here but you should also create one should be sorry it's actually balancing period because later one company code here you can say 65,000 credit 32,000 find that is deep tape it but the same zero one company toward 32,000 for ninety nine point nine eight is the balancing finger under zero one company board similarly under zero two company code 65,000 is TT bit and 32,000 finder is the credit so balancing is 30 mm so 99.9 and here you can see 0-2 company code is credited and zero one company code is debited with the intercompany second so in my example or in my current which are effect on station inter-country segment is the last segment so here you can see intercompany with a zero two line you have an interrupt a segment of zero one and four zero one line you have an intercompany segment of zero two and this two three seven zero is your intercompany payables account and one eight one zero is my intercompany receivable account so here you actually transfer the asset to 0-2 and hence you have an intercompany payable under zero two and intercompany sorry yeah intercompany receivers under zero one company code so this is the accounting implant if you want you can you double check t cost of this particular set go to the set work page financial inquiry so this was the first of the set is the accounting in delinquency and accumulated depreciation was 32,500 here you can see 30 cent thousand nine one six because it includes P depreciation for thee in current period so but the accounting entry this 32,500 was generated before the depreciation for the current period and now the depreciation from the current period will flow to zero to company code in earlier periods it was zero one company code so the depreciation which was already charged for the earlier periods there will not be any reclassification entry for depreciation which is already charged because you are already passing accounting entry for transferring of the accumulated depreciation from zero one company equal zero to company so this is how system generates the accounting entries whenever there is a transfer of an aside from one company equal to another company code in a particular lecture thank you thanks for watching my video for interesting video on Oracle financials please do subscribe to my channel thank you you