Posting for Low Value Assets (LVA)

Hi All,
Can any one suggest the solution, Assets having value of less than Rs.5000/- (LVA) has to be written off keeping only 5% of the value.
Waiting for the reply?
Regards
UM

Hi UM,
You can post using T/code: ANHAL: Cutt Off value and OAYI: Memo Value
Regards
PKG

Similar Messages

  • While creating PO for Low value assets error

    Hi Seniors,
    When user creating PO for low value assets ,system throwing error as
    u201CMaximum Low value amount exceeded in the case of at least one asset .u201D
    Details about this issue:
    1.User creating ONE  PO  for 8 assets as 8 line items, each line item
    value below 5,000 only.
    2.In this year only they created 8 new asset master records with ref to
    Particular asset class(below 5,000) asset class.
    3.Non Taxable item P0 (p zero).
    Checked:
    1. checked at AW01N, no values in  each asset.
    In configuration:
    2. at OAYK   Specify amount for Low value assets,
       Value is 5,000 rs
    3. at OAY2  selected option is u201CCheck maximum amount with qtyu201D
    I created POu2019S  for below 2 options
    1   Value based maximum amount check
    2   Check maximum amount with quantity
    But same error.
    Note:
    In development server i created  some POu2019s  like user creating in
    Production server but no error  in Dev server,
    Plz guide me.
    Thanks in advance

    Hi,
    I think you are using a single asset master record in all your line items in the PO.
    If you use individual asset master record for each line item in the PO, you issue might solve.
    Post again for further queries.
    Thanks,
    Srinu.

  • Required G?L accounts for Low Value Assets configuration

    Hi Experts,
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    Waiting for the reply.
    Regards,
    Vani.

    Hi Vani,
    You need to assign separate GL accounts for LVA if you intend to create them as a separate class with different account determination,screen layout etc.
    Otherwise the same GL accounts that have been assigned to the regular Asset classes, can be used for the flow of data relating to APC value of LVA and the depreciaiton.
    Hope I have given the required info.
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    Phani

  • Config steps for low value assets

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    regards
    Ramana

    Hi Ramana..
    there is diff in config for LVA from others..all it differs is the Dpe. Key.
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  • Error in Asset Master Creation for Low Value assets

    Hi,
    I am trying to create an asset under the asset class Low value asset. while saving the asset the system delivers the following Error:
    01 Book depreciation
    E614 Low value asset max.amount exceeded. No posting allowed
    02 Special tax depreciation for APC in fin.statement
    E614 Low value asset max.amount exceeded. No posting allowed
    I am using the standard Depreciation Key "GWG"  But when i change the depreciation key the system allows me to save the asset. Please guide me how to fix this and why system is giving this error.
    Regards,

    I suppose you need to check your configuration of Low Value Assets for each
    depreciation area.
    But before that, please tell me which class of Assets you are using ......Is
    it the *LVA Class 5000 ( individual management )* or* 5001 ( collective
    management)*. Either way, you need to assign a maximum value / maximum value
    over quantity, as the case may be. Unless and until you furnish a value cap,
    the asset class does not permit you to create asset master records.
    Please look into your IMG under the path:
    *IMG -> Financial Accounting -> Asset Accounting -> Valuation ->Amount
    Specifications(Company Code / Depreciation Area) ->
    Specify Maximum Amount for LVA + Asset Classes*
    You would see two activities listed.
    Under *Activity 1*, you need to select and assign value check (*represented
    by number 1*) if you are using *LVA Class 5000* ; alternatively, you need
    to select and assign Check Maximum Amount with Quantity (*represented by
    number 2*) if you are using *LVA class 5001*.
    You need to do this for each depreciation area you wish to apply this value
    cap to and save (using the floppy icon and look out for the confirmatory
    message at the bottom left of your screen).
    Under *Activity 2,* You need to furnish a value cap ( a ceiling in monetary
    units, currency-specifically) for each depreciation area ( a column for
    document value and another for Purchase order value ( possibly to
    accommodate any tax, as applicable). Please make sure that you do it for
    your company code and for each depreciation area wherein you want to control
    using a value cap.
    Save and look for the confirmatory message at the bottom left of the screen.
    Regards,
    Bharti

  • Full depreciation for low value assets

    Hi Gurus,
    How to set up depreciation key of low value assets to get asset fully depreciated irrespective of depreciation start date.
    For example :
    Asset No : xxxxxxx xx
    APC       : 5000 INR
    Dep. Key : xxx (100% Depreciation)
    O.Dep.Start Date : 14/05/2006
    In the above case depreciation was calculated only for 322 days
    But I need to calculate depreciation for 365 days ie 100%.
    Please advice.
    Best regards
    Raja Manhoharan V.S.

    There is a standard depreciation key with description LVA 100%. i am not sure if dep key is GWG or something else.

  • Order settlement for Low value asset

    Dear all,
    In Global company the depreciation area 01 is where depreciation for USGAAP is calculated. The depreciation are 30 is where the BRGAAP depreciation is calculated.
    When I need to buy an asset I create the asset, create an internal order, assign the internal order to a Purchase order and after invoice receiving I settle the internal order.  The internal order already created  in it settlement rule have one AUC and the asset created in the first step;
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    My question is How is the solution when I don't want to have the depreciation of depreciation area 01 but I want to have the postings of other depreciation areas ?  Can I have a specific asset class different of the others depreciation areas where I can have only my BRGAAP ? How ?
    Regards

    Hi,
    To do this, use transaction code OAYZ.  In there, for the asset class and depreciation area where you do not want dep posting to happen, select the depreciation key "0000". The depreciation will not be calculated.
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  • Low Value Assets

    Dear SAP experts,
    I have a scenario with my company where we have different amount for LVA by category. For example, say Maximum amount for LVA for Software is 4000, furniture 10000 and office equipment 5000.
    The system will allow me to define three LVA asset classes each for software, furn

    Hi,
    You can set this through the following path:
    IMG -> Financial accounting -> Asset Accounting -> Valuation -> Specify Max.amount for low value assets + asset classes.
    In this select- Specify LVA asset classes.
    Under this you can specify maximum amount as per asset classes and depreciation area too.
    Hope this solves your issue.
    Regards,
    Imran M Arab
    Edited by: Imran Arab on Jan 11, 2011 10:34 AM

  • Configuration of Low value assets

    Dear All,
       I have created a seperate asset class for low value assets. Assigned value based  maximum amount  check in  depriciation area and maximum limit in asset class for low value asstes.
      Stlii, when I am creating asset through AS01  for low value asset class, it s creating assets for greater values also.
      Kindly suggest
    Swati

    Hi Swati,
    By Low value Assets it is meant that if the Value of the Asset at the time of F-90 is equal to or less than the amount specified in configuration, provided the corresponding LVA indicator is set in the asset class.
    If the amount that you are trying to capitalize is more than the amount specified.. system will stop you in F-90. It does not stop you from creating an Asset Master record, because while creating a master record we do not have values of the Asset.
    Regards,
    SAPFICO

  • Low Value Assets master records

    I need to have a solution for my issue.
    We want to manage certain assets which are having minor value and the same needs to be depreciated in the same year.
    For this purpose, I am thinking about the Low Value Assets functionality.  When I go through the help, I find that :
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    Hey,
    Most of the companies create separate assets for LVA. When help says create one asset, they keep in mind that we
    want to 100% complaint and have all assets in SAP and so we create assets for value at even min. In countires like US
    any amount less than $500 can be writen-off. Large number of assets mean high performance. Hence they say one asset for LVA. You can ignore this statement at help and create separate assets for LVA.
    Hope this helps you.
    Regards
    harikishan Kolli (Kishan)

  • Low value asset history

    hi,
    pls tell me about the 'what is meant by low value asset&configuration setting

    Low Value Asset means Asset which have a little value.
    In General, LVA are fully depreciated in the year of purchased or in the period of the acquisition.
    This can be achieved (the configuration setting) by using the special depreciation key = GWG and the expected useful life of one month (period) .
    GWG is SAP standard Depreciation key. So you do not need to configure anything.
    You can use the depreciation key directly in your asset master data.
    You also can set the maximum amount for the value asset (this is optional configuration) using :
    IMG -> Financial Accounting -> Asset Accounting -> Valuation -> Amount
    Specifications (Company Code/Depreciation Area) -> Specify Max. Amount
    +for Low-Value Assets + Asset Classes+
    Hope you get clear with the LVA now.

  • Low Value Asset Configuration

    Dear All,
    I have to Configure Low value assets for my Client.
    Pls tell me the Process for Low value assets configuration.
    I have given the Value of assets in OAYK but Pls tell me that whether I need to Create Separate Assets Class for Low value assets.
    Useful Points will be awarded.
    Thanks,
    Pankaj

    Hi,
    betetr  to  cretae alaways separate asset class for Low Value Assets.
    then follow the configuration steps as mentioned below.
    SPRO-IMG- Financial accounting-asset accounting-valuation---
    amount specification.
    1. OAY2-here you select what are all your low value asset clases.
    2.OAYK.-here you select teh low value assets maximum amount
    3
    chandra

  • Low Value Asset max. amount exceeded. No Posting Allowed.

    Dear All,
    We are prchasing items under low asset value asset. where low asset value is limit - 5000.
    Now  system shown the error mseeage "Low Value Asset Max Amount exceeded. No Posting Allowed." at the time MIRO tcode.
    PO - 41311*****************
    GRN - 51000***************
    Asset Items -     2 same items - value (4800 of each)
    Please anyone give the reply

    Hi Aman,
    DId you create your asset when you created your Purchase Order?
    Did you create 1 asset or 2?
    Are you trying to enter both assets in the same line in the MIRO invoice?

  • Low value asset management as per US GAAP

    Hi All,
    I have a question regarding management of low value asset as per US
    GAAP. US GAAP specifies that all asset below US$2500 are treated as low
    value asset and should be expensed off immediately. This means that no
    asset should be capitalized below US$2500. I understand that, way to
    handle this is to set a low value asset class based on value/quantity
    and against specific depreciation area and set maximum amount limit for
    LVA against a company code.
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    values in other depreciation area. Subsequently we would like to post an
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    In a nutshell, I would like to find out if I can avoid capitalizing the
    asset in US GAAP book, but want to have value for other depreciation
    area. Subsequent to purchase, I would like to expensed the asset by way
    of FI JV.
    Anybody has tried this ever before?

    Hi,
    I think you should create a new asset transaction type, which will post only to the other depreciation areas apart from US GAAP. Then at the time of capitalizing that asset, when we are entering this asset transaction type, then the system will update only the other depreciation areas. For the US GAAP, an FI JV has to be passed.
    Hope that helps
    Regards
    Venkatesh

  • Low value asset error at the time of goods receipt (MIGO)

    Hi
    I am testing the FI MM integration - Asset acquisition through PO.
    I created a PR and a PO for Laptop @ rs. 200000
    At the time of posting goods receipt I am getting the following error:
    Total value per quantity should be more than 5000 in this class
    Message no. ZFIAAMSG005
    I checked the Low value setting in the asset class- it is NO maximum value check
    Can anyone pl. help in this?
    Thank you
    Vedavatee.

    Hi:
             It looks like to me if there is validation working in background . Please check in GGB4  there will validation active for this asset class . Low value asset check restricts you from posting an amount as specified in OAYK. Please check.
    Br

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