Asset accounting and investment IO

Can anyone please send me docs for asset accounting and investment order creation and settlement to asset under construction? my email is [email protected] Thanks

Hi,
There are two ways of interating the Assets and MM.
1) While configuring the asset class, we check "include asset" in the inventory data option. This allows the users to carry out physical/stock count.
2) While creating Purchase Order in MM, we use account assignment category "A" which is for assets. This is a standard setting, and not configurations are required. When we use this option, we can generate PO for Capex items and automatically the entries are passed to the asset accounts.
Hope this helps.
Thanks and Regards,
Anit

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Standard report for Reconciliation report for Asset Accounting and GL

is ther any standard report for Reconciliation report for Asset Accounting and GL

hi
functional specification r reqired for this issue
regards
venkataswamy

Asset accounting and MM Integration

Can any one please explain me what is the Asset accounting and MM integration
Regards,
Deva

Hi,
There are two ways of interating the Assets and MM.
1) While configuring the asset class, we check "include asset" in the inventory data option. This allows the users to carry out physical/stock count.
2) While creating Purchase Order in MM, we use account assignment category "A" which is for assets. This is a standard setting, and not configurations are required. When we use this option, we can generate PO for Capex items and automatically the entries are passed to the asset accounts.
Hope this helps.
Thanks and Regards,
Anit

New Blogs: Asset Accounting and Project Systems

There are two new blogs out this month in the ERP space.
Dominic Nadeau has blogged about a useful tcode in PS to track changes to a project.
/people/dominic.nadeau/blog/2008/06/09/fields-in-problem-in-a-project
I've written a blog on the Schedule Manager Monitor. I've given an example related to Asset Accounting but it works for most all areas in FI/CO.
/people/nathan.genez/blog/2008/06/17/gaining-more-insight-into-fixed-asset-job-monitoring
-nathan

When you create the WBS in will create from there an AUC. In the auc in the tab origin you see the project number.
When you settle it from the AUC (in PS) to the final asset you found the AUC number back in the asset tab origin. You can click to on the posting on the asset

Asset accounting and Inventory management.

Hi gurus, I need your advice.
We want to control our inventory and our fixed assets in order to be able to match the amounts between both modules. The main difficulty is that not all the items we register into the inventory module generate a fixed asset (we have sixty thousand inventory items and seven thousand fixed assets).
The way I have thought to solve it is the next: currently we have and asset class per Fixed Asset GL Account. I want to create two asset classes per GL Account, one for the fixed assets that are into the Inventory Module and other for the Fixed Assets that aren´t in the Inventory Module.
Do you think it is ok or do you have a better/easier solution??
Many thanks in advance.
BR//Alberto.

Since you mention there is an inventory module, and there is a fixed assets module - consider that the two are very different.
Inventory is merchandise for sale. When its costs are recognized, those costs are recorded as costs of sale or costs of goods sold. Inventory can be purchased or it can be constructed, but when we sell the items to customers we recognize both the revenue and the costs at the same time. The gross margin is the net gross profit or loss. Inventory has no depreciation.
Fixed assets are capital assets used by the organization to do the things the firm is in the business of doing. The tools used to build/construct inventory are capital assets (used in more than one year). Fixed assets will not be sold as a main purpose of the organization. Only inventory is sold as a main purpose of the organization to earn a profit. Since fixed assets benefit the organization for more than one year, we spread the costs over all those years in which revenue is generated by the fixed asset use. This is the matching principle to recognize costs when the revenue is recognized. To achieve this, we use the AFAR and AFAB depreciation process to spread that APC value across all periods that will benefit from the "tools."
I think you are already using MM for your inventory module. There can be different classes of inventory just as there can be different classes of fixed assets in SAP. Each class has its own reconciling account. Each is its own subsidiary ledger/listing of items that sum to the balance in the reconciling account. Subledger transactions will automatically update the reconciling account balances for the class - whether we are talking fixed assets or inventory.
I hope this can help, since it sounded like the terminology was confusing. Neither SAP or accounting is simple. Regards

Asset Accounting and GL not in sync

Hi Gurus
I have created a Transaction type 110 copy and limit it local ledger. I posted an acquisition with the custom transaction code and it worked fine. I have used used AS01 and created an asset with value 100.It is fine and it is showing in all ledger.Now I posted the additional 10 dollar through custom transaction type 810 ( copy of 110 ) and posted .In asset explorer it is showing that additional posting and balance but when I run GL balance the additional addition is not appearing. Let me clarify.
1.APC 100$ shows in US Gap and Local correctly. ( AS01 ).
2.Addition of 10$ using ABZE with transaction type 810 ( 110 custom) . Successful and in asset explorer showing correctly as 110 in only local ledger not in US gap ,which is what I want.
3.In GL FBL3N it is showing $100 in both US and local ledger. I am expecting 110 in Non leading ledger.
What I am missing ? Is I have to run some t-code to post asset balance to GL ?
Thanks
Satya

I tried to run ASKB and found this error.
"When creating the accounting document, the system could not find account 'Capital. difference/Non-operatng expense' in depreciation area 35 for company code xx19. "
Depreciation area 35 is our delta dep area and I am trying to add the value to existing asset. It worked in Asset ledger but not reflected in GL.
Can some give me lead how to fix this error ?
Thanks
Satya

Asset accounting and auditing

Respected all
In our business,we have procured asset from vendor by applying asset code thru 101 mvt, so whenever we are doing migo for that, it not posted in inventory (stock). but we are kept this assets for the time being at stores dept where other store and spares
stored as well
but whenever auditor reach there, they asking for stock in system , so we are unable to show it..
can any one advice what to do in such cases or is there any other process??
Rgds
Sumit

Do not confuse merchandise inventory assets with capital fixed assets.
One is purchased or created, then sold by your business; the other is purchased or created, then used by your business.
Both have reconciling accounts that control subsidiary asset value records, for as long as possessed by your business.
Regards

Error in Asset Accounting Specify Intervals and Postings Rules

Hi,
I am configuring for Asset Accounting and when I go to this part:
Asset Accounting > Integration with the General Ledger > Post Depreciation to the General Ledger > Specify Intervals and Postings Rules
I get the error "Company code XXXX is not defined" (message no. AC519).
The company code specified in the error was deleted in the system before. I am thinking that there is a table where this company code is not yet deleted. How can I solve this? Thanks a lot.

Create the company again, make your changes and delete the company again

Company Code (Fusion) Asset Accounting Legacy Migration

Hi SAP Experts
We are going to initiate a project where a company code Y will be fusionated to a company code X
Therefore only company code X will prevail at the end on the month.
This migration is made within the fiscal year (april 2015) with a calenda K4 (january to december)
Some balance migration is planned, however we have the following scenario:
Company code X has asset accounting component working since 2006
Company code Y does not have asset accounting component within SAP, posting are made directly to SAP (and depretiation calculation posting are made outside SAP)
We are planning to "transfer the values" from company code Y -> to the asset acccounting component from company code X
Due theese assets are not "new assets" but "legacy asset" how it should be the right steps?
We have identified two options so far:
a) As a "legacy transfer", (AS91) transaction (create legacy data)
Some SAP documentation refers to take care about the timing to made this; in our case is within the fiscal year
Also a "data transfer date" or "take over date" must be defined on table V_T093C_08 in order to identify a value date for the legacy transfer
IMG > Asset Accounting > Asset Data Transfer > Parameteres for Data Transfer > Date Specification
There are several prerequisites such as company code status allowed for data transfer, set the above date for data transfer and I think also set a period where the legacy company code finish their posting.
We suspect this is the second or third time the company code X has transfer legacy data.
Do you have experience managing this option within SAP?
What issues must be considered
We do not want to impact the existing fixed assets values and previous asset transfers values with our new asset transfer within the fiscal year.
b) As a "acquisition without a vendor" ABZON
I think this option does not required so much customizing, usign this option I think I should put the last value for the legacy asset accounting and set the initiation date for the new depretiation posting accordingly.
I suspect the disadvantage here is do not have a historical data, however may these is the secure path.
I notice using ABZON transaction I need to set an account determination call "Contra account: Acquisition value" that is defined on table V_T095_MASTER or customizing transaction AO90
For this option we are guessing which type account must be.
I think it should be a balance account (due no vendor is implied) however we are not sure about this point
Many thanks for your inputs and ideas
Fernando Luna

Hi Fernando Luna
For my perception, option 1 makes sense because you may need to check historical values as well as depreciation posted in legacy system. As you highlighted, the key point to use AS91 to take over legacy assets are below customizing:
IMG: Asset Accounting -> Asset Data Transfer -> Parameters for Data Transfer -> Date Specifications ->
=> Specify Transfer Date/Last Closed Fiscal Year
=> Specify Last Period Posted in Prv.System (Transf.During FY)
Above setting affecting legacy take-over only, it wouldn't affect existing asset including previous taken-over legacy assets. After finishing legacy asset migration, you may need to execute depreciation recalculation at company code level.
Hope this information is helpful.
Regards
George

Posting in Asset Accounting in closed fiscal year

Hi
We are in the fiscal year 2009 and my client wants to open the closed fiscal year 2008 in both Asset accounting and Finance.
Point 1 : The requirement is they want to post some correction entries in April 2008 -Let me know what needs to be done in terms of depreciation posting etc to do a 2008 yearend again.
Point 2 : Any specific steps to do a full year end in 2008 now to balance Asset Accounting and Financial .And to carry forward balances as to where we are now in period 10.
Please advice.

Hi,
if you open 2008 and post, you have to process the full fiscal year end close procedure. AFAB, ASKB, the whole story.
You don´t have to worry about the carry forward, this will be done automatically by the system.
Regards,
Markus

Effects of reopening closed periods in Asset Accounting.

Hi SAP Gurus,
My client wants to open the closed periods in Asset accounting. I have used T Code OAAQ and changed the last closed period.
I would like to know what are the effects of opening the closed periods.
Will it effect the already posted depriciation and what further steps should I take after the entries are passed.
Even after I opened the period both in FI and AA it still is giving me a message that I cannot post to this year.
Can you kindly suggest.
Thanks in advance,
Hari

If you post any entries to the asset , the depreciation will change in asset accounting and will not match with the general ledger unless depreciation posting run is executed.
However, since you have already executed depreciation posting, AFAB selecting repeat run in the last period or special period if your company code have special periods.
Caution: It will change the P&L and Balance sheet balances.
Please check the Post Capitalization Option (ABNAN) for asset values missed in the past for capitalization

Asset accounting - asset year end closing

Dear Experts,
For the year 2008 the depreciation was not processed in asset accounting and now i processed depreciation for the total year from 1 period to 16 th periods by keeping FI period 2008 open and documents were posted successfully. Now i want to close the 2008 period for asset acccounting and i want to open 2009 period for asset accounting .
But i am getting error like Transactions not completely periodically posted. It is taking to 2 paths.
One is Define How depreciation Areas post to General Ledger
Here for my client 3 depreciation areas are there 1) book depreciation 2) Tax depreciation 3) Delta depreciation.
Second is Start APC Posting Programme: When i try run this programme "i am getting message like there are no documents to be posted"
Please help me
Thanks
Balu

Hi,
please read the WIKI guide [Year-End-Closing in Asset Accounting (best practices)|/people/javier.reviriego/blog/2008/07/09/year-end-closing-in-asset-accounting-best-practices].
Even if there are no transaction to be posted, you have to execute the periodic posting run. The run itself will create a protocol entry in any case, if there are values to be posted or not. The fiscal year close process checks thit protocol entry.
Regards,
Markus

How to post xpenses in asset accounting

hi,
how do i post freight expenses to an asset account and at the same time credit the vendor who has provided the freight. can i do it in abzon ?
what i think is
            <b>Asset A/c
            to expenses a/c</b> in abzon (giving expense a/c as offsetting a/c)
            <b>Expense A/c
            to vendor A/c</b>   in fb60
tell me if it is correct, or there is any other procedure and correct me if accounting entries are wrong

Hi,
As per generally accepted accounting procedures, any expenses incidental to bringing the asset to use need to be capitalised, which means that they need to be added to the value of Asset Account.
The accounting entry can be
Dr Asset
Cr Clearing A/c
On invoice
Dr Clearing A/c
Cr Vendor
On payment of freight to vendor
Dr Vendor
Cr Bank
Please check the relevance to the issue in context. you can post to the asset with an appropriate acquisition transaction type.
Rgds.

Floating Mark up rates in Leased Asset Accounting

Dear Gurus,
our comapny is going to arrange leased assets (vehicles/Plant and Machinery). we have configured leased Asset Accounting and as Lease Tab is updated according to lease terms, system automatically giving us lease payment schedule.
there is Annual Interest Rate field in lease tab, where we can update annual interest rate
NOw there is requirement from my finance department that sometime they enter in lease agreement with floating market rate (in our country KIBOR+)
so as periodically markup rate is changed, lease installment amount and markup amount will be changed automatically
now please help me how floating mark up rates can be catered in Laesed Asset Accounting. kindly note that i assumed that after 3 month, mark up rate changed and changed thefigures of installement and annual interest rate in Lease tab of Asset master record and as i went to execute automatic interest and depreciation posting, system poped up message of change depreciation amount and if i reclaculte deprecition,depreciation for previous periods is posted which is not desired
Requirement is first three installment calculted at one rate and after three months as mark up rate changed remaining installment amount and markup rate should be changed not already posted data
please help in this regard
BR
sajida

Hi,
I hope, you may need to go for customisation (ABAP programming).
Regards,
Murali

What is the use of OASV transaction in Asset accounting

Dear Experts,
Could you please advise me clearly what is the use of OASV transaction in Asset accounting and which GL account we need to use for debit and credit while using this t code. Can you please provide me along with examples for better understand and that would be great for me.
Thanks in Advance,
Murali

Transfer Balances
In this step you can post balances to G/L accounts which have already been defined as reconciliation accounts. You can only post these corrections in company codes which have implementation status.
The transfer of legacy asset data using the legacy asset transaction does not affect the balances of the corresponding reconciliation accounts in Financial Accounting. Therefore no automatic balance formation or reconciliation takes place and you will need to manually reconcile the balances. You can ascertain the Asset Accounting values using of the asset list. When you start this report, specify January 1st of the current fiscal year as the report date. The system will then provide data as of December 31st of the previous fiscal year (in other words, no depreciation from the current fiscal year is included).
Activities
Copy the balances from any suspense accounts to the Asset Accounting reconciliation accounts.

Asset accounting and investment IO

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