Asset accounitng Configuration
Hello,
Can anyone send me full document on asset account configuration.
Thanks for your help and support
Best Regards
Jyoti
Hi,
This article presents a very basic bare-bones asset accounting setup. It assumes familiarity with SAP configuration terms and concepts.
Setup company codes to be used for asset accounting.
1. Copy chart of depreciation. [Transaction EC08]
2. Set default tax codes for non-taxable transactions which require tax code. (Impt., errors often rise because this step is omitted)
3. Setup asset classes.
4. Set no posting to G/L for all classes except book depreciation (this is the typical setting)
5. Enable posting of unplanned depreciation and any other special postings (e.g. revaluation)
6. De-activate depreciation areas not required
7. Setup account assignments for all the asset classes. Note that the minimum accounts required are a balance sheet account for asset cost, for accumulated depreciation, and a P&L account for asset depreciation expense. [Transaction AO90]. Additional accounts that will be required are the gain/loss on sale and asset scrapping accounts. Note that more than 1 asset class can share the same account assignment.
8. Assign how depreciation posts to cost centers [Transaction OAYR]
9. Assign asset balance sheet A/Cs to profit centers if required [Transaction 3KEH]
10. Allow revaluation postings for selected company codes with revaluation [Transaction OAYR]
11. Run program RACHECK1 to eliminate inconsistencies between company code and asset management account data
12. Set document types for postings: (setting for transaction types). Suggested document types below:
AA Asset acquisition AS Asset disposal AT Asset transfer AX Asset reversal AF Asset depreciation [Transactions A071, OBA7]
13. Specify transfer of APC values [Transaction OABC]
14. Specify rounding of figures for net book value to nearest whole dollar [OAYO], table T093B
15. Setup depreciation keys as necessary: [Transactions AFAMA]
0000 No depreciation and no interest SLFD Str.line frm acq.value to 0 w/o int. frm start day
-Base method 11: Ordinary straight line using % from life to end of life
SLFM Str.line frm acq.value to 0 w/o int. frm start mth
-Base method 11: Ordinary straight line using % from life to end of life
16. Switch on only the required depreciation areas [Transaction OAYZ]
- Enter default depreciation keys for these 2 asset classes
17. Setup asset number ranges in production client [Transaction AS08]
Additionally, specify company independent number ranges that refer to a base company if necessary [Transaction AO11]
18. Check FI document number ranges for asset postings
19. Check that all asset G/L accounts have tax code and account groups correctly setup
20. Define screen layouts for each asset class as per user requirements
21. Set inter-co transfer methods (Maintain view [V_T093A_05])
Indicator: Transfer with historical values This indicator controls how the system treats transfers between affiliated companies. If this indicator is set, transfers in this depreciation area are not identified as acquisitions or retirements. Instead they are identified as transfers (particularly in the asset history sheet). In addition, posting of the transfer is gross (that is, with historical acquisition costs and depreciation).
Note:
This indicator has the affect described above only if it is used in combination with these two indicators in the definition of the transaction type: post to affiliated company gross Maintain view [V_T082I_01] for inter-company transfer settings
Optional-Revaluation Setup (Under special valuation section os AA IMG)
22. Set revaluation of cost and accumulated depn for all areas [OABW]
23. Define revaluation measures. (key, description, depreciation areas and posting data).
24. Specify G/L accounts for revaluation of asset acquisiton cost
25. Maintain transaction types for asset revaluation postings if necessary
Reward Points if found helpfull..
Cheers,
Chandra Sekhar.
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I need a help for doing Fixed Asset Audit Configuration.
Any one kindly give me a guide line for how to do the step by step configuration for Fixed Asset Auditing and view the audit report
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S. UmamageshwaranSteve,
please see my response below.
Cost
1440
Dep. Per yr
120
Dep. Per month
10
Year
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NBV
1
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8
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580
9
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460
10
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340
11
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220
12
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100
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Legacy data
Assuming that you will load everything on 1/1/Y4
Cummulative acq
Accum dep
1440
-260
Assuming that you will load everything on 5/1/Y4 << so I assume you will load it on period 5
Cummulative acq
Accum dep
1440
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Accum dep in legacy will depend on when will you load the data. Take over date on this case is 4/30/Y4.
Thanks!
Jhero -
i want to start the configuration of asset module in sap . is there any guide on configuration which i can refer or where i can get more information on the asset module implementation please.
regards
sathyaMake first a complete analyse from your old system and perhaps new requerements.
Based on this you can follow the steps in config you need. For the most countries there is a template you can copy to your own version
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For going live is the most easy way on the begin of a new fiscal year -
Hi Experts
Can you tell me where I can find the Step-by-Step FI Asset Configuration Documentation. If you have it, can you give it to me on aliabidi426atgmaildotcom I will give you maximum points.hI ALI...
these all ar ethe tcodes for assets accounting configuration
S.No TCODE PARTICULARS
1 EC08 COPY CHART OF DEPRECIATION
2 FTXP CREATION OF 0% TAX CODES
3 OBCL ASSIGN TAX CODES FOR NON-TAXABLE TRANSACTIONS
4 OAOB ASSIGN CHART OF DEP. TO COMPANY CODE
5 SPECIFY ACCOUNT DETERMINATION
6 CREATE SCREEN LAYOUT RULES
7 OAOA DEFINE ASSET CLASSES
8 AS08 DEFINE NUMBER RANGES FOR MASTER CLASSES
9 AO90 INTEGRATION WITH GL
10 OAYZ DETERMINE DEPRECIATION AREAS IN ASSET CLASSES
11 DEFINE SCREEN LAYOUT FOR ASSET MASTER DATA
12 AO21 DEFINE SCREEN LAYOURS FOR ASSET DEP. AREAS
13 FBN1 DEFINE NUMBER RANGES FOR DEP. POSTINGS
14 OAYR SPECIFY INTERVALS AND POSTING RULES
15 OAYO SPECIFY ROUND UP NET BOOK VALUATION
16 DEPRECIATION KEYS
17 DEFINE BASE METHOD
18 AFAMD DEFINE DECLINING BALANCE METHODS
19 AFAMS DEFINE MULTI LEVEL METHODS
20 AFAMP DEFINE PERIOD CONTROL METHODS
21 AFAMA DEFINE DEPRECIATION KEY
22 AS01 ASSET MASTER CREATION
23 AS11 CREATION OF SUB-ASSET
24 F-90 ASSET PURCHASE POSTING
25 AW01 ASSET EXPLORER
26 AFAB DEPRECIATION RUN
27 F-92 SALE OF ASSET
28 ABUMN TRANSFER OF ASSET
29 ABAVN SCRAPPING OF ASSET
regards
laks -
Accd dep is not coming as a line item in Sale of Asset.
Hi Fi Experts,
The issue related to Asset a/cing.
I have configured everything in Asset a/cing, while doing the Sale of Asset (F-92), i suppose to see all the 6 Line items, but i am not getting the Accumulated dep one, cud u pls help me out, whts the mistake i have done or if i have missed any settings..
rgds
Raj.Hi
In Asset Accounting Configuration , Assign GL Accounts-- AO90 , you must assign Accumulated Depreciation A/C for Ordinary Deprecaition and Expense A/C for Ordinary Depreciation.
If you double click on Depreciation you will get these fields which GL Accounts to be entered.
This will solve your problem.
Regards
Venkat -
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When I tried to update "Inventory number", system show the asset record message, when I check new value on AS03 "Inventory number" is equal to space.
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Soumya -
Hi Experts,
we have implemented asset accounting i.e. the basic asset accounting configurations are done in the year 2008 and there are no legacy assets to take in to SAP in FY 2008. Since there were no assets we did not perform any deprecition run AFAB till 2011. Now in the FY 2011 we are trying to post an asset procurement through F-90, we are encountering an error "You cannot post to asset in company code RV01 fiscal year 2011 Message no. AA347".
I run the depreciation for the year 2008 for all the 12 period and in table "TABA" only one single/same document is generated for all the 12 period and in the document posted status is "N-No document posted" for all the 12 period and this document could be found in FB03 either.
1. Pls clarify... Is this a correct behaviour of the system regarding "TABA" updation?
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3. In the above scenarios what the steps or activities which I need to perform to post asset acquisition in 2011?
Pls give me answers in the question sequence.
Rg.. AnilkgHi,
The below issue is due to non processing of year end process (2008) for Asset accounting in your system.
even thought you dont have assets and you are activated the asset accounting in 2008, you have to do the Asset year end process.
If you wan to post assets in fiscal year 2011, then this year must be
opened and fiscal year change must be performed for Prior years.
AA347 indicates that you must perform a fiscal year change for your
c.code:
It is not possible to post value to an asset before the new fiscal year
has been opened (with report RAJAWE00 or transaction AJRW).
It is a technical requirement of the system that when system date
belongs to the new fiscal year, asset accounting must allow this
year to be posted also.
Therefore the error message AA347 is justified when trying to do a
posting at this stage as the fiscal year change has and can not be
executed yet.
This change of fiscal year does not mean the END CLOSING in Asset
Accounting.
For example, if you are currently in calendar year 2011, but still
working in 2010, then you should do a change of year to 2011 by trx.
AJRW, this enables you to create and enter transactions for 201
without closing the year 2010.
For further information please also refer to our documentation in
the SAP Library (FI-Asset Accounting/Processing for Closing/Fiscal Year
Change -> Process Flow).
Additionally, bear in mind that closing FI (G/L) before closing
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But some times if the asset is to be kept in inventory, then the material master for that asset is created and the normal procurement is followed. After the asset is in onventory, then we can issue that material to the asset by the movement type 241.
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Regards
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. How to designed and configure Asset management
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