Asset adjustment clearing

Hi all,
For the asset balance adjustments, our client made adjustments through Asset Adjustments a/c. its a clearing account.
now how to clear this account with asset accounts? what is the transaction will be used for this?
its very urgent. kindly give the solution for me.
Raghav

any ideas for balance transfer from asset adjustment a/c to asset?

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Asset adjustment bcoz of currency conversion differences

Hi Good morning,
Have situation in Asset management, while we purchasing assets on month end and some other time, small amounts (3$, or 5$) are capitalizing to the assets account becoz of currency conversions differences rather than gain or loss currency differences account, coming soon we have to avoid this with config changes.
I'm wondering how to reverse or deduct those small amounts from assets to gain or loss exchange account and what configuration has to be carried to avoid permanent.
Could any body help on this to over come..
Thanks in advance and points are available.

Hi Good morning,
Have situation in Asset management, while we purchasing assets on month end and some other time, small amounts (3$, or 5$) are capitalizing to the assets account becoz of currency conversions differences rather than gain or loss currency differences account, coming soon we have to avoid this with config changes.
I'm wondering how to reverse or deduct those small amounts from assets to gain or loss exchange account and what configuration has to be carried to avoid permanent.
Could any body help on this to over come..
Thanks in advance and points are available.

Asset Adjustment-URGENT!

Hi
My user accidentally posted a goods receipt of $3,000 to an existing asset with st depn date as at 1.7.06.
Tried to rectify by performing an asset transfer of $3,000 from the wrong asset to the correct asset. However, the asset document generated included the backdated depn exp.
Does anyone have any suggestion how to rectify the problem - ie the asset cost tranferred should only be $3,000?
Regards.

Hi,
There should not be any problem doing a transfer from the wrong asset to the new one. There is only one thing you have to look at and that is the asset value date on the original posting and on the transfer posting. If they are both the same there will be no depreciation posted to the wrong asset. Ie. the asset value date is used as a base for the depreciation calculation for the additional posting.
So if the asset value date on the original posting was 15.08.2006 the depreciation is calculated from that date for the reminder of the asset life, not from 01.07.2006. If the same amount is then transferred to the correct asset with asset value date 15.08.2006 all the depreciation calculations should be fine.
Cheers,
Gudmundur

Asset clearing account

hi,
when post to asset module from fi, must use asset clearing account right? not able to directly post to asset without clearing account. is that correct?
what tcode or in spro i can see the asset clearing account being defined.
thanks

Hi,
In SAP Asset Accounting is a Sub Ledger concept i.e we do not disclose each and every asset in the balance sheet.
Instead we create GL accounts for each particular asset like Building, Plant & Machinery,Furniture etc. and these are assigned to the Asset Class.
These Gl accounts are defined as Recon Accounts, so that the Total Balance in the Gl account reconciles with the Sum total of all the Individual Asset that fall under that particular asset class.
When an asset is acquired then we enter the value directly into the Asset Master data,but as the Asset is linked to a Asset Class, the data is also entered in the GL account that is being assigned to it.
Similarly we also assign the Accumulated Depreciaiton and the Depreciaiton Gl accounts to the asset class for the flow of depreciaiton vales.Depreciaiton Gl is defined *** a P & L account anad Accumulated Depreciaiton Acct is defined as balance sheet account. Data flows into these gl's when we calculate the depreciaiton.
Hope I have provide the information required by you.
Regards
Phani

Fixed Asset Sale through SD & AA Module

Dear All,
While selling the fixed asset, carried out the following procedure. Is it correct?
In India, we need to pay excise. Due to this, the asset which is required to be sold, needs to be created as a material.
Following steps are carried out -
a) Material code created under Material Type Finished Goods with Sales View. Value of the asset which is to be sold is put in as a Standard Price.
b) For sale, created inventory of the Finished Goods ( which is created for the asset) by way of Initial upload.
Accounting Entry - Finished Goods -
Dr 25000
                               To Initial Upload -
25000
c) Now, through SD , created PGI i.e.Post Goods Issue.
Accounting Entry -
FG COGoods Manufactured -
Dr 25000
(Exp Account)
      To Finished goods               25000
d) Billing Document Created
Accounting Entry -
Customer Account -
Dr   17996.16
    To Sales Offsetting A/c                  15000
    To Cenvat Suspense                        2400
    To Cenvat Suspense                           48
    To Cenvat Suspense                           24
    To CST Payable                               524
Excise Document Created
Cenvat Suspense A/c -
Dr   2472
           To BED Payable                      2400
           To E.Cess Payable                      48
           To Hr E.Cess payable                   24
e) Now carried out Asset Accounting Transaction
    ABAON - Asset Sale Without Customer
Accounting Document created
Sales Offsetting Account -
Dr 15000
Loss on Sale of Asset            Dr   9996
Accumulated Depre               Dr         4
     To Asset Account (sold asset)               25000
I m not sure on the initial upload & FG COGM effects. Whether I carried out correct process? Whether the accounting effects are correct?
Pl help. this is very urgent
Thanks in advance,
Gov.

Rakshith,
You are using Asset Sale Clearing Account for credit istead Non-valuated material. Your the Asset is your "stock material".
please also check:
Sale Of Fixed Assets from SD
Sales Order For Asset Sale
regards

AuC to Fixed Asset Settlement... (through Investment Management)

Hi,
Is there any way wherein I can settle the AuC to Fixed Asset without clearing down payments related to that AuC?
Kindly assist....

Hi,
Is there any way wherein I can settle the AuC to Fixed Asset without clearing down payments related to the same?
The reason for this is my client made a down payment (with special GL indicator A) in December 2010 and he wants to settle the asset in December itself....
However, the down payment clearing is happening in this month.... But, he does not want to wait till the down payment clearing and wants to settle the same in December.
When he is trying to settle Without down payment clearing he is getting the following error...
Down payment to recipient 212000 0 area 01 amount 74,034.00 not cleared
Message no. AW605
Diagnosis
All downpayments were not cleared for the asset under construction for the receiver 130434 0 in area 01. An amount of 74,034.00 was not cleared, or too much was cleared.
You can only completely transfer an asset under construction if you reverse the down payments in the current fiscal year beforehand.
Procedure
Clear the downpayments that you want to settle to receiver 130434 0.
Kindly assist on this issue.... whether it is possble or not?
Thanks in Advance

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.

When is 'Clearing Balance Sheet' and 'Clearing Inc Stmt item' used?

Hi,
In what circumstances, clearing balance sheet item and clearing inc stmt items are used. Commonly, it's used for balance carry forward task, where system recognized the net profit for the year (in PL) and current ytd profit (in BS).
i was trying to post the following entry via manual posting and system generated additional 2 lines:
DR Sales 100
CR AR 100
DR Clearing BS item 100 < System auto generated additional one line
CR Clearing PL item 100 < System auto generated additional one line
(The above entry is enter at posting level 01)
I was trying to post another 2 balance sheet items via manual posting at posting level 30. There was no additional 2 lines created.
Please advise.
Regards, Renee

Rene,
In real life there are usually closing periods in enterprises, when accountant close their books. Closing partially means that all revenues/gains and expenses/costs are summed up, and net profit in income statement calculated. During this procedure accountants usually make closing entries. After that this calculated net profit is to be transferred to balance sheet, to the retained earnings of the current year item.
In SAP SEM-BCS there are no closing entries. Instead, the system monitors whether entries in P&L were made. The P&L hierarchy in BCS has the following structure:
- one main node under which all revenues and expenses are gathered
- clearing item located OUTSIDE the P&L main node (equals to net profit).
The amount on the clearing item equals the sum of all P&L items under main node, with the opposite sign. So, the sum of P&L items & clearing item is zero.
If the system detects postings to the items located under P&L main node, it recalculates the net profit and adjust the clearing item in P&L accordingly. Since net profit in P&L should correspond to the RE in B/S, the system adjust clearing item in B/S also. So, AT ANY MOMENT the B/S & P&L in the system correspond each other. The work of special/clearing items is like pseudoclosing.
That's the purpose of these clearing items. And as I said earlier they has nothing to do with balance carryforward.
Resume: in case of postings to P&L, the net profit changes and the system adjusts net profit in P&L & B/S (adds two additional entries).
There is NO NET PROFIT CHANGE (and additional entries) when postings made in the balance sheet ONLY (as in your case). -- (As you know, there is almost no possibility to make postings to clearing item in B/S).

Vendor/customers clearing against eachother.

Hi Gurus,
We have a scenario where, one plant (P1) is selling FG to other (P2).
P2 is treated as customer and P1 as vendor within the same company code.
My doubt is, can we adjust/clear entries belonging to this transaction against customer and vendor.
Meaning, instead of actual sale/purchase, can this be settled if I use the tick "clear against customer" and "clear against vendor" and vendor and customer details in masters.
Please help.

there is no billing for STOs within one company code.
billing is at company code level, not at plant level. you cannot bill yourself.
No billing - no clearing.

Balance sheet adjustment error

Hi Guys,
When we are running the balance sheet adjustment, F.5E , we are getting the error " correct the error eat ".
when i go to display error message, it takes me to the GL account XXXXXX for this company code , and then says that this Balance sheet adjustment clearing account does not exist for this co. code.
My question is , where do we assign this B/S adj. clearing account , in which transaction , and to which GL accounts..??
Any clues on this adjustment...what does the system try to achieve here ?
Thanks,
Srikanth.

"My question is , where do we assign this B/S adj. clearing account , in which transaction"
Hi, in OBXM you need to specify such accounts.
"and to which GL accounts"
depends on your requirements:for TAX or reconcilation accounts

Adding "Expensed" assets to FA - 11i

Hello,
Can someone tell me whats the setup needed in FA module so that I can add and track expensed assets?
I know how to import it from AP (track as asset etc). I know we need a separate category for expensed assets (non capitalize category). But I'm having some issues when it comes to defining asset cost, clearing depreciation account etc.
The only concrete information I could get from various sources, metalink notes and user guide is that the clearing account has to be a liability account. So does Asset Clearing account will be the same as the "AP liability account"?
What will be the asset cost and depreciation account? will they be expense type? or asset accounts?
Lastly, It is clearly said that expensed assets do not depreciate and do not create any journal entries. But when i run my depreciation, the depreciation run terminates because of some cross validation rules, and the culprit is the depreciation expense account and in the asset account in the expensed asset. Why should it check for cross validation if the expensed asset doesnt depreciate?
Any info on detailed steps for configuring asset categories for expensed assets is highly appreciated.
Thanks,
Srini.

Hi
I had reviewed the following note in Metalink which talks about the loading of assets source from source systems.
In the same note they are mentioning that the obvious period in which data load is preferred is "The typical choice is last period in the fiscal year
preceding the current fiscal year, since this will provide accumulated depreciation numbers that can be reconciled with financial statements, and will also ensure that the year-to-date numbers on reports are
correct for the current fiscal year"
This means that this is the ideal period which u can use for loading the assets rather than the other side,
Also it depends on you whether you want to calculate those fields and provide the same or let system do the same once your assets are already migrated to Oracle and depreciation run is done.
It is fully dependent on how client wants the data to be migrated.
Oracle Assets only wants specific fields to be populated and for optional fields it is on the client, implementer to decide how they wants the data to be migrated/reconciled.
Please also review the following note from Metalink which might help you - Loading asset data with source data from an external source [ID 200077.1]
Hope this helps
Thanks and Regards
Manish Jain

How do i increase or decrease vaule of asset that was capitalized in prior

How do I increase or decrease the value of an asset that was capitalized in prior year (2011)? The prior year and current year depreciation also needs to be adjusted to reflect the change in asset value.
1)Assets were created in FY11 with an 11/15/2010 date
2)The assets were given incorrect costs.
3)I need to adjust the cost of several assets .The net amount of all cost adjustments will be 0$.
4)Some of the assets will be adjusted down to 0$. These need to be disposed of.
5)I tested few few assets in testing client using ABZON.
ABZON will not allow me to input the original acquisition date because it is in prior fiscal year. To test, I used a period 1 date (4/15/11). Using 4/15/11 will not adjust the prior year depreciation.
ABZON also does not deactivate the asset so after I processed the asset decrease using ABZON, I used ABAVN to dispose of the asset. This created an entry to the gain/loss account for the depreciation that was taken in FY11 (prior year).
For example: one asset with acquisition value: 2272.05 and depreciation posted in prior year (2011)is 53.97
Acquisition value 2272.05 has to be zero with other asset adjustment.
How can prior year depreciation (53.97) can be adjusted in the current fiscal year
Need your help on this.
Regards,
Lucky

HI,
My transaction type is not 7* series but it is 336.Please help me to get this done.
I mean it is settled from project and WBS element to Assets(144 assets) using CJ88,so i tried reversing it in CJ88 but it thrown me error message as Fiscal year is closed, I opened fiscal year for asset accouting for previous year.
i already did ABZON with value date 4/15/2011 for one asset among 144 assets and did asset retireemnt,so when try to reverse in CJ88 (value date :11/15/2010)its throwing me below message
retirement was already posted on the asset 00000xxxxxx 0000 on 20110415. Based on the value date 20101115 of the transaction, this transaction should have been included in the calculation of values for the retirement.
Reagrds,
Pandu
Edited by: luckypandu on Mar 9, 2012 3:46 AM

AA449 (Auxiliary account assignment to asset not possible) error

Dear colleagues,
While posting asset sale through FB01, it is giving the following error: Auxiliary account assignment to asset not possible, remove entry (message no. AA449)
I have already checked the note 787350 and below thread that was previously discussed but we are on ECC 6.0, with support package SAPKH60405 note is not applicable.
http://bit.ly/gTdFA6
Regards
Metin

Hi Metin
1. Use Tr F-92
2. Specify Customer No in 1st screen & "Asset Sale Clearing Account" against Posting Key 50
This GL account should have Field Status Group G029 in Fs00
3. Tick the "Asset Retirement" check box in the above Gl acount and press entre
4. Enter the Asset No, Amount and other details in the next pop up screen
Br, Ajay M

Inter company asset transfer

Hello Sap Experts
we have a requiremnts where user want that we should create new asset master data & tfd some existing asset to these newely created assets.
Now we can create new assets under AS01 but how to transfer the values to new asset, we are not aware about it.
Kindly help us on this & let us know the configuration steps & end user procees for it
Thanks & Regards
Deepak Garg

Hi
Transferring of asset may not be resolved with the standard transactions as suggested from Indian point of view, specially if your asset's physical locations are seperate (Involvement of Excise and VAT). You need to show the asset transfer as sale and purchase in such a scenario. Create the plants as customer and vendors in the system and create a sales order for the asset you are retiring. The accounting entry created on Billing will be:
Customer Dr
    To Asset Sale - Clearing
    To Excise Duty Payable
    To VAT/CST Payable
Then do a sale of asset with revenue without customer through ABAON. The accounting entry would be
Asset Sale- Clearing Dr
Accumulated Depreciation Dr
     To Fiexd Asset
You create a purchase order for the plant where you want to create a new asset. The accounting entry would be
Asset A/c Dr
     To GR/IR - Asset Clearing
The accounting entry for Excise
Excise Duty A/c Dr
Excise Duty on Hold Dr
     To Cenvat Clearing A/c
When you do Invoice verification, the accounting entry would be
Cenvat Clearing A/c Dr
VAT on Capital Goods Dr
GR/IR - Asset Clearing Dr
      To Vendor A/c
Regards
Sanil Bhandari

How can I reset the CTI for each clip to 00:00?

I'm brand new to this - got Premier Elements 12 yesterday, so please bear with me.
I have clips from a soccer game, each of which starts with 00:00. I have written notes about key scenes in each clip using the time that scene occurs in each clip. But when I add clips to the timeline, each clip's CTI begins at the point where the last clip's left off. So, say I wanted to get to a scene in clip 2 at 0:44. But clip 1, with a duration of 4:30, precedes clip 2 in the timeline . To get to the scene I was looking for in clip 2, I'd have to add the 4:30 from clip 1 to the 0:44 in clip 2 to find my scene in the timeline at 5:14 . Obviously, the problem only gets worse with each additional clip. And near impossible when I trim clips.
One "workaround" I can use is to make a copy of the original clip in project assets, adjust the in and out points in the copy to get the scene I want, save/rename that scene and add it to the timeline instead of the original clip. Each scene would then be renamed and would show it's specific duration in the timeline. But that seems like a lot of work, to have to make copies of original clips in assets, trim them there and take them to the timeline. Back and forth, back and forth.
Is there a way to keep the start and end times of each original clip when I add it to the timeline, so I can isolate each scene in that clip and trim out the unwanted portions without having to do math or spend time making and trimming copies? To be more succinct, Can I reset the CTI at the start of each clip to 00:00 within the timeline?
I hope I've described my issue in a clear way that doesn't cause confusion. If not, please let me know what other questions you have or additional info you need to understand the issue I'm describing. Thanks, and sorry for the long post.

mascott2300
Please take a look at the blog post that I wrote about the gathering, assembling, organizing, and management of clips in a large project.
ATR Premiere Elements Troubleshooting: PE11: Project Assets Organization for Scene and Highlight Grabs from Collection o…
See if any of the details work for you in your planned Premiere Elements projects.
Also, from the point of view of leaving informational notes in the program, consider the "Comments" opportunities of the unnumbered markers when you place unnumbered markers in the Timeline.
ATR Premiere Elements Troubleshooting: PE11: Forget Me Not Clip Details and Timeline Unnumbered Markers
Please do not hesitate to ask questions or to ask for clarification on anything written.
Thank you.
ATR

Asset adjustment clearing

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