Transfer to New Group

The law also requires that the transfer of an asset to another group takes place by transferring all the data for the asset to a new asset, which is member of the new asset group.

The transfer of an asset from one group to another requires, in the same way as the sale, that the sum of all the transactions for the asset is reversed to the original asset. The totals are entered as opening entries to the new asset. When the transfer is approved, Maconomy creates the new asset automatically. Maconomy also creates an asset adjustment with an entry for every transaction type used for the old asset. All the entries are of the “Transfer” sub-type, and cannot be edited or deleted in the Asset Adjustment window. If you do not want the transfer to go through, you must delete the whole asset adjustment.