Asset (Capital item purchase)
Hi All,
Please put some light on what all cases it is recommended to keep a material code for the Capital items (asset ) and in what all scenarios it is recomended to procure the capital item on the short description by NOT creating the material code.
and if the material is recomended to create, so under what material type it shoudl be created.
and in both of above cases , it is required to give the asset no in the account assignment in the purchase order.
Thanks & Regards
Nitin Chhabra
If you purchase very often than better to have material number otherwise you can maintian just description.
Material type should be non valuated because asset depreciation can be taked in asset accounting.
yes you have to first create the Asset and assign into the PO.
Similar Messages
-
Plz tell me about the asset/capital material type.
Hi,
Can you plesae tell me how can i handle the scenario of asset/capital item procurement starting from the material type.
If i will create seprate material type then from wchich material type i will copy it.
regards,
DineshHi,
You may create material type of Non-Stock / Non-Valuated. You can create asset code before creating the PO. Then you create PO for the material with account assignment A & the asset number as your account assignment.
Regards,
Prashant -
Accounting Effect for Capital Goods Purchase
Hi,
Iam using SAP 8.8 PL 13. How does the accounting takes place in case of an Item marked as Fixed Asset in Item Master?
In GL account determination I have assigned Capital Cenvat Credit A/c. for Capital Goods on Hold A/c.
Suppose I purchase an Fixed Asset Item for Rs.10000/- from a Vendor who has also been assigned Asset A/c in BP Master. I have created separate tax code for capital goods. The tax code is BED 10 %.
In Incoming Excise Invoice I get the Following JE effect.
Debit Credit
Capital Cenvat Credit - Rs.10
Capital Cenvat on Education Cess Rs.10
Capital Cenvat Credit Rs.5
Capital Cenvat Credit on HS Cess Rs.5
Capital Cenvat Credit Rs.500
Capital Cenvat Credit Rs.500
Incoming Cenvat Clearing A/c Rs.1030
Can somebody explain how this works?
Rgds
Kalli
Edited by: Kallicharan Nadar on Aug 30, 2010 11:22 AMHi Kalli,
In Administration-> Setup-> Financials-> G/L Account Determination-> Purchaseing Tab-> Tax Sub Tab-> "Capital Goods On Hold Percentage set" - 50 % and set GL in "Capital Goods On Hold Account" once you done these setting. When you are going to make Incoming Excise Invoice transaction that time system is booking 50% excise amount in current year and remaining 50 % will book in next year and same for Cess and ShCess.
Cenvat credit on capital goods is allowed only when it is received in the factory. However, only 50% of the credit may be availed in the financial year when the capital goods are received in the factory and the balance 50% may be availed in any subsequent financial year, provided the capital goods are in the possession of the manufacturer. The Cenvat Credit Rules, 2004, do not impose any condition upon the manufacturer to avail of the credit only when the capital goods are put to use on the commissioning of the plant.
Refer...
http://www.cbec.gov.in/excise/cx-rules-main.htm
Thanks
Sachin -
GRPO instead of CAPE in case of capital goods purchase
Hi,
I have configured the capital goods purchase with excise. Which transaction type is to be captured .. GRPO or CAPE.
At present GRPO is captured..
I have used a material 'ASSET' just for reference and in J1ID it is assigned to a chapter ID, then maintained as input material.
and just used it.
If CAPE is correct method,.. how to achieve this..
SujithHi All,
The asset cost is 10000
Excise :
BED 10% 1000
ECS 2% 20
SECS 1% 10
VAT 4+1
Is the following correct:
1. MIGO for asset : 'No excise invoice' chosen / No accounting document generated.
2. No J1IEX
3. MIRO following a/c entries occurs
Vendor 11,475.61-
BUILDINGS 11,030.00
INPUT TAX RECOVERIES CAPITAL GOODS - VAT @ 4% 441.20
SS CESS @ 1% ON INPUT TAX RECOVERIES 4.41
It seems correct .. Thanks everyone ..
Thanks
Sujith
Edited by: Sujithbk on Oct 19, 2011 9:54 AM -
Add. Excise duty not picking up for capital items - Country India version
Hi
While capturing duty using T.code J1IEX for Imported capital items Additional Excise duty is not getting captured properly. 50% should have been captured fot the current year and the balance carried forward to the next year.
Help reqd.Hi,
Have u defined AT2 in Specify Excise Accounts per Excise Transaction and CENVAT on hold under CAPE transaction type. Have u defined G/L account for these under Specify G/L Accounts per Excise Transaction.
whether material in question has been defined as Asset type in J1ID. check all these configuration.
Regards,
Venkatesh -
FAGLB03 - cannot display asset no and purchasing document
When I used FAGLB03 to view balance (G/L account group is "Assets accounts") and drill into details, then I go to change layout and choose asset, purchasing document fields.
I find that the report cannot diaplay asset no and purchasing document value (all value is empty, but I can see asset no and purchasing at fi doc line item by T-Code FB03).
Please advice any solution.
Thanks!
Edited by: Eric Yang on Jan 30, 2008 11:40 AMHi,
Thanks for your reply,
But I can find asset no, purchase order no and Internal order no In T-Code FB03 display document line item for account type "ASSETS ACCOUNTS".
Beside, I use se11 to query table bseg for fi document, if account type = 'A', I can find asset no in fields ANLN1, ANLN2 and purchasing no in fields EBELN, EBELP. -
Hi Experts,
We have captured excise for some materials as capital items. Afterwards we got that they are not capital items. Is it possible to change the previous entries?
Thank you
sap mmHi,
If you have alredy posted -Part2 entries in J1IEX then you can't change those entries through J1IEX -Reversing or cancelling.
If only caprtued then you can cancel that Excise invoice and you can re capture that excise invoice and and while capturing you can change Materials from Cap to Raw materials
If Part-2 updated then You can change the Material from -Asset to Raw materials in -J1ID but for the Excise entries already posted requires to pass -Excise JV in J1IH for changing Register RG23C to RG23A.
Use additionExcise and other adjustment entries from J1IH too update the RG23 C register.
with regrads
Shrinivas gangoor -
Asset Line items are not updating in table ANEP
Hi friends,
I found that asset line items are not getting updated in ANEP table,.
This is my precedure for posting of depreciation.
I'll create Asset through AS01, then i'll use the T.Code: F-90.. then i'll run the depreciation program thru t.Code: AFAB.
In but i am unable to capture the values of Planned and Depreciated or Posted values in ANEP.. Is there is any other table for this...
Where is the mistake in my process..
thanks in advance..
NaveenHI Naveen
The FI-AA documents are stored in tables ANEK (document header), ANEP (document line items) and ANEA (proportional values). You can use FI-AA standard report RABEWG_ALV01 to list all transactions to an asset in one fiscal year, and report RAABGA_ALV01 to list only retirement postings.
ANEA should be the solution you are looking for.
Hope it helps!
Cheers
Z -
have bought a mac book and when i tried to download my itunes library its only showing items purchased from the apple store. As most of my music has been imported from CDs this is very frustrating. How can i get the rest of my library onto the new macbook.
Hi jayney61!
Here is an article that will help you accomplish this:
iTunes: How to move your music to a new computer
http://support.apple.com/kb/ht4527
Thanks for using the Apple Support Communities. Have a good one!
-Braden -
I was recently burglarized and lost a bunch of Apple products. Is there a way to get receipts for items purchased with my Apple ID?
Yes if you go to http://store.apple.com/ on the top right under the search it will say "Account" or your first name. You will click or tap that and you will click "check order status" sign in. After you do that in the middle by the order date and number it will say "print invoices" and as long as your item(s) have been ship you will be able to see and print your invoice receipts. you can view items purchased in the last 18 months.
-
I had an in-game purchase that failed to give me my items purchased, this is usually an easy fix, but this one was through EA, I would like to know what steps I can take to rectify this. (I realize that NOT playing EA games is the best answer...)
Can you try to restore your inApp?
If that doesn't work:
iTunes Store Support
http://www.apple.com/emea/support/itunes/contact.html -
why am I still getting this message after logging in? "This computer is no longer authorized for apps that are installed on the iPhone “*************s iPhone”. Would you like to authorize this computer for items purchased from the iTunes Store?" - after I have logged in and get the message that the computer is already authorized!!!?? - and then the above message pops up again?
Click here and follow the instructions.
(71175) -
when i pluged in my ipod,computer start scanning,without finishing scan,it says"your computer is no more authorized for app that are installed in"yadav ipod",would you like to authorizes this computer for item purchased from itune" what should i do to fix this problem,,,
What the message says. In iTunes g the the Store tab in ther upper part of the screen and then clink on Authorize this computer.
-
My itunes on my iMac for the passed few weeks now keeps on comming with the message "This computer is no longer authorized to play purchased items that are on the iPhone. Would you like to authorize this computer for items purchased from the iTunes Store?"
or "This computer is no longer authorized to play purchased items that are on the iPad. Would you like to authorize this computer for items purchased from the iTunes Store?"
This while everything was working fine.
Please advise what I can do with this message.
When I press autorize, it comes up with a unknow appleID. When I use apple ID's that work - it comes with the message that the computer is autorized. but then the autorization message comes back.You can't change the Apple ID that the Authorize dialog comes up with by default. It's showing you that Apple ID for a reason: it means that the items you want to play were purchased using that Apple ID and therefore you need to authorize your computer with that Apple ID. Changing the Apple ID given completely defeats the entire purpose.
If you don't know the password to the given Apple ID, then you will no longer be able to play those items. -
while trying to sync with my iphone I recieve the message: This computer is no longer authorized for apps that are installed on the iPhone “Terri George’s iPhone”. Would you like to authorize this computer for items purchased from the iTunes Store? When I put in my password and hit authorize, I get a message telling me there was an unknown error (-50). Would love to sync today. Any help would be appreciated.
The -50 error is documented in this article:
iTunes: Specific update-and-restore error messages and advanced troubleshooting
Here is a synopsis:
Error 13, 14, 35 and 50 (or -50)
These errors are typically resolved by performing one or more of the steps listed below:
Perform USB isolation troubleshooting, including trying a different USB port directly on the computer. See the advanced steps below for USB troubleshooting.
Put a USB 2.0 hub between the device and the computer.
Try a different USB 30-pin dock-connector cable.
Eliminate third-party security software conflicts.
There may be third-party software installed that modifies your default packet size in Windows by inserting one or more TcpWindowSize entries into your registry. Your default packet size being set incorrectly can cause this error. Contact the manufacturer of the software that installed the packet-size modification for assistance. Or, follow this article by Microsoft: How to reset Internet Protocol (TCP/IP) to reset the packet size back to the default for Windows.
Connect your computer directly to your Internet source, bypassing any routers, hubs, or switches. You may need to restart your computer and modem to get online.
Try to restore from another known-good computer and network.
Maybe you are looking for
-
IMovie 6 HD - Export Movie Size Question
There is a confusing list of movie export size options that I need to get your clarification about. Some of the selections seem to be similar. To see what I am referring to go into iMovie HD 6, under the SHARE menu, go to Save Movie For: Expert Setti
-
And then it works somehow by electricity BUT it stucks on apple logo (white screen with the black apple logo in the middle) and after 5 seconds it dissapears and then it poppin up again and again disappears and this keep to going like ths unti i do s
-
Does time machine see a new comp the same way as a comp with new logic b
I've been dealing with this a number of days. my computer got a new hard drive and a new logic board as well as lcd display. I can reformat and start backing up my computer, but i can't access my backups on my time machine. From posts i see there is
-
Problem in JNDI Lookup of Deployable Proxy inside logon.par
Hi, I have customized the Logon par file and have a functionality to call a webservice when the Password Reset happens. <b>from the ResetPassword.jsp , SAPMLogonLogic.java is getting called ,and there is a method called performResetPassword().</b> I
-
Recently changed wireless routers and now can't see airport
Had airport express working fine with windows 8.1. Now I have upgraded my router and I no longer see the airport. How do I reconnect?