Transfer a Wholegood Between Companies

You now have the ability to transfer a wholegood to a separate company within your RIMSS WinNetStar Enterprise.

Eligibility Requirements for Wholegoods to be Included on Inter-Company Transfers:

1.   There can be no GL entries other than to the Inventory and Liability accounts referenced in the WG Master.

2.   The WG cannot be included in any sales documents.

3.   The WG cannot be included in the rental fleet.

4.   The WG cannot be on an unsettled Repair Order.

5.   The WG cannot be included in a Lease or Rental Contract.

6.   The WG cannot be linked to another WG.

7.   You must be logged into the Company/Location assigned to the WG.

Setup Required

To use this feature, you will need to set up g/l accounts to handle any accounting payables or receivables resulting from transfers.

1. Create an Other Current Liability Account and reference to Wholegood for Intercompany WG Transfers Payable.

2. Create an Other Current Asset Account and reference to Wholegood for Intercompany WG Receivable.

Transferring the Wholegood

Navigate to Wholegood > Find > Wholegood

Find the wholegood you wish to transfer, right-click on the line item, and select Transfer to New Company.

Complete the Transfer Document

1. Add the Company you are transferring the unit to.
2. Add the correct WG Accounting Code for the new Company.
3. Add the WG Transfer Payable or Receivable accounts to the transferring and receiving companies.

Ensure that you save once all fields have been filled out.

The system automatically creates journal entries in each company and moves the owning Company/Location of the wholegood. The resulting entries from the above entry are shown below.

Transferring Company Entry:

Receiving Company Entry:

Status Updated to New Owning Company/Location: