Receiving the asset from one location or the cost center

This activity helps you in confirming the assets that are transferred. This activity is required only if the “Receipt Confirmation Required” field is set to “Yes” in the “Location / Cost Center Transfer” activity. Tell me more.

Select the “Location / Cost Center Receipt” link under the “Asset Inventory” business component.

The “Location / Cost Center Receipt” page appears.

Enter the following field:

Confirmation Date

The date on which the receipt of the asset is confirmed (Date Format). Mandatory. The system displays the current system date by default. The confirmation date must be lesser than or equal the system date.

Enter the following fields in the “Search Criteria” group box to search for the assets, which are transferred.

Asset Location Code

The code identifying the location in which the assets exists (Alphanumeric, 20). The asset location must be defined in the “Create Asset Location” activity of the “Asset Location” business component. Enter the code in full or specify it partially using the * character. The system retrieves all the asset whose location code is similar to the value entered here.

Help facility available.

Note: The asset location business component must be mapped to the “Asset Inventory” business component.

Asset Class Code	Use the drop-down list box to specify the code identifying the asset class. All the asset classes defined in the “Create Asset Class” activity of the “Asset Type Definition” business component are available for selection. The system displays “All” by default.
Asset Group Code	The code identifying the group to which the asset belongs (Alphanumeric, 25).
	Help facility available.
Asset Number	The number identifying the asset (Alphanumeric, 18). The assets must be defined in the “Create Simple Asset” activity of the “Asset Capitalization” business component.
	Help facility available.
Asset Description	The textual description pertaining to the asset (Alphanumeric, 40). Enter the description in full or specify it partially using the * character. The system retrieves asset, whose descriptions are similar to the value entered here.
Finance Book	Use the drop-down list box to select the code identifying the finance book in which the asset details are to be posted. All the finance books mapped to the asset capitalization business component to which asset inventory component at the login organization unit is mapped to are listed in the drop-down box. The system displays the first finance book by default.
Tag No.	The number identifying the asset tag (Integer). The asset tags must be defined in the “Create Simple Asset” or “Create Complex Asset” activity of the “Asset Capitalization” business component.
	Help facility Available.

Note: The system retrieves only the tag whose transfer status is “In Transit”.

Tag Description	The textual description pertaining to the tag description (Alphanumeric, 40). Enter the tag description in full or specify it partially using the * character. The system retrieves asset tags, whose descriptions are similar to the value entered here.
Receiving Location Code	The code identifying the location to which the assets have to be transferred (Alphanumeric, 20). The asset location must be defined in the “Create Asset Location” activity of the “Asset Location” business component.
	Help facility available.
Receiving Cost Center	The code identifying the cost center to which the assets have to be transferred (Alphanumeric, 10). The cost center must be defined in the “Create Cost Center/Unit” activity of the “Cost Setup” business component.

Click the "Search" pushbutton to display the list of assets.

The system displays the following fields in the “Asset Information” group box:

Asset No.	The number identifying the asset, which has been transferred.
Tag No.	The number identifying the asset tag, which has been transferred.
Remarks	Any remarks pertaining to the asset transfer.
Transfer Date	The date on which the asset is transferred.
Asset Location Code	The code identifying the location in which the assets exists
Cost Center	The code identifying the cost center from which the assets are transferred. Help facility available.
Asset Class Code	The code identifying the class to which the asset belongs.
Asset Group Code	The code identifying the group to which the asset belongs.
Finance Book	The code identifying the finance book in which the asset entries are posted.
Asset Description	A textual description pertaining to the asset.
Tag Description	A textual description pertaining to the asset tag.

Check the box in the “Select” column of the multiline to mark the asset.
Click the “Confirm Receipt” pushbutton to confirm the receipt of the asset.

The system updates the transfer status to “Transferred”. The system also stores the confirmation date along with Asset transfer history in “ Asset Capitalization” Business component. For rejecting the receipt of the asset

Click the “Reject Receipt” pushbutton to reject the asset.

The system updates the transfer status to “Rejected”. The asset location code or the asset cost center remains as before the asset transfer.