Asset buying process

hi gurus
tell me about the 'asset buying process,,

Asset buying process is called acquistion.
Asset acquistion can be from
1. from outside: you acquire assets from external sources, like buying a house, buying a vehicle which becomes your asset.
2. in-house: your company is building a manufacturing unit which will become its asset. the cost incurred on manufacturing is captilazied once plant becomes operational.
In case 1. following is the process flow
a. Create a purchase requisiton (MM process)
b. create a PO for vendor(MM process)
c.1. goods recieved by plant of your company(MM process)
c.2. invoice sent to your company by vendor(A/P process)
d. invoice paid by your company to the vendor(A/P process)
In case 2 following is the process flow
a. Cost collected in WBS/IO ( PS/IO process)
b. Settlement of WBS/IO to AUC( PS/IO process)
c. Settlement of AUC to FXA (PS/IO process)
Hope this helps
NT

Similar Messages

Asset Lines Processing(pa_client_extn_asset_creation)

Hi Gurus,
I have a requirement on my project where the client requires the assets lines built and created should be grouped individually based on expenditure organizations in the Invoice distributions which are matched to the Purchased Orders. The Date placed is service for the Asset should be the date the Invoice is paid. The CIP Account generated for the assets lines should be based on the locations in the Expenditure.
For Example. If a user wants to creates a PO for different locations he navigates to the Po distributions window and selects the Project Tab. He selects the same project number but uses different expenditure location as he wants to send the products to different locations. This PO is invoiced and paid. When the CIP is built and assets are created they get created based on the project organization instead of the expenditure orgs. Also the assets are tied to the just one asset name instead of differentiating with orgs.
So for the above requirement we would lke to build a Asset Lines Processing client extension which would create project assets and asset assignments prior to the creation of asset lines, based on transaction data (such as inventory issues or supplier invoices) entered for the project.
Please provide your experience inputs and helpful documents to build this client extension. If there is any sample code to be used then please advise.
Thanks you for all your help in advance.
Asad.

Hi,
You can make use of the Asset client extensions PA_PROJECT_ASSETS_PUB.ADD_PROJECT_ASSET and PA_PROJECT_ASSETS_PUB.ADD_ASSET_ASSIGNMENT and add your custom logic there.
Hope this helps !
Sathish Raju
www.projectsaccounting.com

Can not perform the buying process. warns please contact support. three times repetition of this error, the third emergency aid

can not perform the buying process.
warns please contact support.
three times repetition of this error, the third emergency aid

Hi ,
Do you remember if you have installed some software prior to this issue?
Delete programs you never use.
If the issue reoccurs in Clean Boot, but works fine in Safe Mode, the cause may be the disabled hardware drivers. You may narrow down the
causes in Device Clean Boot.
Device Clean Boot
=================
1. Click Start, type "devmgmt.msc" (without quotation marks) in the Search bar and press Enter.
2. Expand "Sound, video and game controllers".
3. Right click on your sound card and then click "Properties.
4. In the dropdown menu of Device Usage, please choose "Do not use this device (disable)" and click OK.
5. Please use the same method to disable other dubious hardware such as: internal modem, network card and CD-R drive. Please note some devices
such as video adapter are not available to be disabled.
Tracy Cai
TechNet Community Support

Asset capitalization process

Hi,
Please help me that what is asset capitalization process and what is post capitlization what is the difference
I will assign points
Thanks
Radha

Hi Radha,
Asset Capitalisation refers to the process of placing the Asset to use or it can also be reffered to as a date from which the Asset is put to use.
It is only after this date that the Depreciaiton is being calculated on the asset. We would normally not calculate Depreciaiton unless until the asset is being capitalised.
For Example:- When a office Building is being constructed,then it would be Capitalised when the construction it is fully completed and it is put to use.Upto the date of Capitalisation it is called as the Asset Under Conmstruction.
Further Post Capitalisation refers to the situaution,where the Asset would have already been capitalised,then a major expenditure relavent to the asset is incurred then it is called as post capitalisation.
Hope I have clarified your doubt.
Regards
Phani

Asset Procumerement process

Plz send me how to do Asset Procumerement process step by step...

Read this article [Capital Procurement in SAP|http://www.sdn.sap.com/irj/scn/index?rid=/library/uuid/808c60ca-013b-2c10-34a2-94d1eb442e6f]

In-house production of asset through process order

Dear Experts,
We are procuring raw material and doing in house production for this raw material.
The process i followed is :
we created a new order type and assigned settelement profile for asset under contruction
while creating prod order it is asking for settlement rule
which is correct and we gave the aset number there and 100% settlement
my doubt is system does not allow to settle the order until it has status of delivered or teco ..
if we make the grn from production and aslo settle to asset double entry will be passed to asset in balance sheet ..
how can we directly settle only to asset instead of doing grn from prod
Please let me know how to overcome this situation. A quick response is highly appreciated.
Thnx
Srinivas

Hi Srinivas
The Header Material of the Production Order should be a Non Valuated Material i.e. the material for which the Prod Order is created should be a Non Valuated Material...
Even if you do the GR, the same will be non valuated and hence have no value...
Once the process is complete, you need to settle the same to the Asset.... Hence, there will be NO double accounting...
Even if your Material is not Non Valuated, you need not worry.. Since you have assigned Asset No in the settlement rule, this means the GR will be Non Valuated, though the Materila might be valuated.... So, in any case, there wont be double accounting
Just settle the Prod Order to Asset and it will be done!
Br, Ajay M

Asset procurement process

Respected gurus,
could you discuss the asset procurement complete process by invololving mm &ps module.
regards
jana

Hello,,,
From MM Point Of View
1)     Create the asset in Asset Accounting.
2)     Create the Purchase Order with correct PO Type and Proper account assignment cat for this MM person will help you.
3)     Release the Purchase order if it required.
4)     Post the MIGO for the same Purchase order.
5)     Post the MIRO for the same Purchase order.
Regards,
Ravi

Asset Management Process/Functional Flow

Hello EAM Guru's,
Can some provide me with functional(process) flow of Enterprise Asset Managment.
For example functional(process) flow of Sales & Disturbution is ........ Inquiry -> Sales Order -> Delivery -> Invoice.
Of course this is not brief explanation of SD flow...... Please give descriptive step of each process Please.
Thanks a lot,

Hi,
Follow this link...
http://www8.sap.com/businessmaps/32C13E8009BB4598B2A499A6554E0E67.htm
Reward points if useful....
Regards
AK

Asset - worklist processing status not getting changed

Hi,
I created a worklist through Tcode- 'AR01' for processing mass
retirement of assets.
I executed the worklist through Tcode- 'AR31', and released the
worklist.
The status is in 'In process' is not changing even when I keep on refreshing it.
The system speed is normal.
rgds

Hi,
The session is not getting displayed in 'SM12' for the basis person to break the session.
Also the worklist status shows 'IN PROCESS'
How should I delete a worklist?
rgds

Delete Asset from Asset Rerun process

The asset class(Land - non depreciated) for and asset was accidentially changed to a class for Furnature and Fixtures(which is depreciatable). When the depreciation run was executed, it error out because of this one asset had a class which should have the dep.key = 0000(no account assignment), but instead now has a class different class.
Because the run errored, the depreciation was posted in the asset module, but not in FI. Now I cannot re-start the depreciation run until I can remove the asset.
How can I remove this asset and continue the restart process?
Colin

Ok Here is how it was resolved.
1) Reverse the asset cost for the asset (Tcode = AB08)
2) AO90 to assign G/L accounts.
3) Restart the Depreciation process to post Depreciation Cost...successful.
4) Run the Depreciation process normally to Reverse the Depreciation Cost(so there will be a Cr and Dr posting in the G/L account)
...Successful
5) AO90 to reove the G/L accounts.
6) Run the Depreciation process normally to confirm no more errors....successful
Thanks for the advise about Tcode = AB08.
Colin

PSD Asset not processing into system?

Hi,
I'm working with Extract for the first time today. With the first, small and straight-forward file the system worked beautifully. However, with subsequent attempts to work with larger and more complex PSDs, not only does it seem that they are not processing into the system (no thumbnails in Assets view), but when I try to view the file in the Extract view, the system attempts to process them and then fails at 34% each time.
I have confirmed that there are fewer than 1000 layers in these files (up to 833). However, there are commas in the layer names, which is triggering issues in the Extract Assets process within PS itself.
Could you help me troubleshoot what's going on here?
Thanks in advance.

Sure... we're always interested in files that don't process because our target there is zero :-)
Since I don't have access to these failing files you would need to explicitly share them with us for investigation. If it's something that you can share, you can do so by choosing "Send link" from the dropdown and then choosing "Create public link." That will create an (unlisted) link that you can then share via PM or even here in the forum if you choose.
Thanks,
-Mitch

IPhone 4 Buying Process

I'm a bit confused as to how the whole process of buying these phones. Can someone please explain to me how it works? Do you need to sign up with ATT before being able to buy the phone? I have pre ordered 4 phones for my family and I at my local Best Buy, but i am not sure if I have to sign up for the plan at the store, or what. Do I just walk in, pay for the phones, and activate them myself at home? Thanks.

You will need to activate four lines of service at BB.

Asset Leasing Process

Hi Experts,
I am facing with a difficult scenario with asset to lease, I have already a suggestion for this if any body have another idea about this, please help me with other suggestions.
This is my scenario,
I have a new material (produced or purchased) and interested to give this to lease. For giving to lease I need to perform GI of Inventory item to Asset (using 241mvt type) using 'NEW' valuation type, asset no and serial no. Then assign asset no to equipment, change the equipment master batch to 'CAP' valuation type. After that perform a 501 mvt type in GR using the 'cap' valuation type with ZERO dollar value, so that the asset value is still in the asset account and deprecation is going to happen periodically. Equipment is again backing to stock with zero value, but we can track the quantity in stock and going to give them to rent. After the rental period the equipment will returned by the customer is again come to stock after the maintenance.
Thanks
John.

Hi ,
Still I suggest Invoicing plans only. As they are designed and delivered for this purpose by SAP.
You may study and evaluate the options available with the help of the following information.
Invoicing Plans (Rental, Leasing, Part-Payments)
Use
An invoicing plan comprises a list of scheduled dates on which invoices relating to PO items covering materials or services are to be entered in the system and subsequently paid.
The invoicing plan facilitates the largely automated creation and payment of invoices for both recurrent procurement transactions (e.g. rental or leasing) and transactions that are to be invoiced in stages (e.g. following the completion of individual phases of a construction project).
The following two invoicing plan types are available:
Periodic invoicing plan
Partial invoicing plan
Periodic Invoicing Plan
The total value of the PO item is invoiced on each due date set out in the invoicing plan.
For example, a $600 leasing charge for an automobile is invoiced and paid on the 27th of each month.
Partial Invoicing Plan
The total value of the item to be invoiced is broken down and distributed over the individual dates of the invoicing plan.
For example, payment with respect to a certain construction project is to be effected in three stages as follows: 30% of the value of a PO item is to be invoiced and paid following completion of the first construction phase, another 30% after the second phase, and the rest on completion and acceptance of the final phase of the work.
Prerequisites
In order to work with an invoicing plan, you must maintain the following settings (among others) in Customizing:
Desired invoicing plan type
Date categories
Date descriptions
Date proposals
You can also specify whether the invoicing dates are to be entered/maintained manually or whether the system is to suggest them.
Hope , this would help your purpose.
Regards
Raghuramam.

Accounting Entries in Project Asset Capitalization Process

Hello Dina,
Can you explain the accounting entries for capital projects for the scenario mentioned in the below points ?
1. A a project related supplier invoice is created for a capital project. It is validated, accounted and entries are transferred to GL. These are the entries:
Dr - Asset Clearing Account
Cr - Supplier Liability Account
2. Now, the transaction is interfaced to projects. The cost distribution line for the transaction only shows the Debit entry here (standard functionality)
Asset Clearing Account - Dr
Cr - Blank.
Since there are no adjustments to be made nor any more costs to incur, the project is capitalized.
3. Once asset lines are generated and then interfaced to Oracle Assets, the same clearing account (i.e. Asset Clearing Account of step 1) can be seen in Mass Additions screen in 'Clearing Account' Field. WHERE IS THIS USED ???
4. When the additions are set to POST, the system asks to enter 'Expense Account' and defaults the 'Bonus Expense' account from the setup for the asset category. WHERE IS THIS USED ???
5. Finally in the output of the Post Mass Additions request, there is a column 'Asset Account' which shows the value of the 'Asset Cost' account from the setup for the asset category. WHAT IS THIS FOR ???
Request you to throw some light on this.
Thanks,
Chandu

Hi
See my response on your later post.
Dina

Small Business Security - Buying Process

I go through extensive research before I make any purchase, let alone a purchase that intends to protect my small business. Whitepapers, calling sales reps, asking colleagues, Google searches... seriously everything. I like to arm myself with everything possible before I make an important decision.
How about you guys? I'd love to learn what more I could do.
Idea starters...What websites do you visit to become more aware potential cyber threats to your business?How quickly do you make purchases?What do you rely on the most when making a purchase?How price-averse are you?
- Sam
This topic first appeared in the Spiceworks Community

No, it wasn't difficult at all to setup in OS X Server. I use a free internet domain name from DynDNS.com. I don't know if they still offer free ones anymore. You can not use VPN and 'Back to My Mac' at the same time as they use some or all of the same ports.
I'm at work and not on my Mac at the moment so this is from memory.
Within OS X Server, I enabled the VPN Service (default L2TP) and used my free domain name in the VPN Host Name and a Secret passphrase. This put an entry in my Airport Extreme router for VPN (port mapping).
Within the client Mac, I added a VPN network connnection (System Preferences /Network). I pointed to my free domain name in the Server Address, used my Server account name in the account name. I think there's an Authentication button that I clicked. I entered my Server account password, the Secret passphrase in the Secret field, checked a box to show VPN icon in Menu Bar and exited out of that. Then clicked the Advanced button and checked the box to send all traffic over VPN connection.
I had VPN authentication issues at first when trying to connect to test out the connection. I just kept trying as I knew I had all the settings correct and it would finally connect after about 3-4 tries. After that, I sometimes have to connect more than once to actually connect to my Server via VPN. But it does work nice. I brought my MBP into work once to test it out and was able to connect to my home Server via VPN and use Screen Sharing and had access to all my shared folders.

Asset buying process

Similar Messages

Maybe you are looking for