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Feb 27, 2009 at 10:49 AM

transfer of gl balance to an asset account

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Our client have posted value of an asset to a GL account instead of Asset account-in cocode 0001.We have two company codes 0001 and 0002,they want the value of the GL account (asset value) be transfered to an an asset account in cocode 0002 as inter company transfer.

Is it possible without creating an asset in 0001 and directly transfer the GL balance to an Asset in an another company code.Or do we need to create asset in 0001 and then transfer to asset in 0002.

Please advice.We need to do month end process.