An Inter-Company Sale is when the current company sells an Asset which it owns to the company selected in the Other Company Combo Box. An Inter-Company Sale is a transaction in which a Fixed Asset is sold to another company within the group and maintained with the Fixed Asset Register. It is a special case of the Fixed Asset Disposal and the Acquisition objects, if you have mastered those functions then you will see that an Inter-Company Sale is little different.
The Fixed Asset Register simply uses the details set up in Inter Company Loan Accounts to raise an inter-company journal as well as the normal Disposal and Acquisition journals. The screen and journals are described in the Disposals and Acquisitions section of this manual.
Select the Inter Company Sale option from the Fixed Asset menu.
This option will provide the user with a selection list of current items available for sale. The user is then required to select the item required for sale from the lookup box options, the user will then be prompted to select the required company for which to sell the asset.
The user is then prompted to verify the selection and process the sale of the asset.
The disposal details are then displayed on the screen and the user has several options available which include, printing the associated disposal report, and a depreciation schedule for the asset.