UPCOMING: Updates to Intercompany Wholegood Transfers
You now have the ability to transfer a wholegood to a separate company within your RIMSS WinNetStar Enterprise. This document looks at one option for moving a wholegood to another company. To see how to accomplish this task using the AFS Status change feature, click here.
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.
No Setup Required **New Change**
RIMSS will load a System Generated account named INTERCOMPANY WG TRANSFER RECEIVABLE (PAYABLE) that will be automatically utilized for any balancing entries during the transfer. The system account is NOT referenced to Wholegood. You will be able to manage the balance without the requirement for detailed subledger entries.
NOTE: If you previously used this feature with custom created offset accounts, you can clear those balances and inactivate those accounts.
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
- Add the Company you are transferring the unit to.
- Add the correct WG Accounting Code for the new Company.
NOTE **New Change**: The Balancing Accounts will automatically populate with the RIMSS System created accounts on these entries. Users are not able to change the balancing account on the transfer.
Ensure that you save once all fields have been filled out.
The system 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:
Wholegood Status Updated to New Owning Company/Location:
