Asset Movement

An Asset Movement records that an asset changed place or hands: a new Location, a new custodian employee, or both. It is a submittable document so the move is dated and locked, and the Asset record is updated to the new location and custodian. Nothing posts to the General Ledger, because moving a laptop from the head office to the Koteshwor Store changes where it sits, not what it is worth. The movement history on the Asset shows every move, which is how a physical verification at year end reconciles the list to what is on the shelves. Purchases also create a first movement when a location is given on the Asset.

1. 01Go to Assets > Asset Movement > New.
2. 02Set Purpose to Transfer and pick the company.
3. 03Add a row with the asset, the source location and the target location, for example Koteshwor Store.
4. 04Optionally set From Employee and To Employee for a custodian change.
5. 05Submit. The Asset shows the new location and the move is logged in Asset Activity.

Create under Assets > Asset Movement. Submitted movements lock.

Move the Dell laptop from Head Office to the Koteshwor Store.