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
Similar Messages
-
Dear all,
I have a request from user and she wants to have a report which shows the fixed asset clearing account. Since I am not familiar with fixed asset, does anyone know which tables can retreive this information or any similiar sql statment that I can use.
I really appreciate if anyone can help.
Thanks in advance.Check this navigation:
Navigation: Oracle Payables à Invoice à Enter à Invoice
•Create AP Invoice on the same supplier to match with the purchase order created. •Again notice that Asset Clearing account automatically appearing in invoice distribution form.
• Notice that automatically system check “Track as an Asset” button when the account is Asset Clearing.
and check table from etrm.
http://etrm.oracle.com/pls/etrm/etrm_search.search -
Hi, Can somebody please explain what are these claering accounts meant for
Input Tax clearing account for down payments
FICO Reconciliation account
GR/IR Adjustment Accounts
Fixed Asset clearing account
RegardsHi,
Tax clearing accounts helps you to know the gross amount receivable or payable from customers or to vendor.
If you need to post tax on sales/purchases, you must determine whether the down payment should be displayed in the open item account and special G/L accounts with or without tax on sales/purchases.
If you select net display, the down payment is posted to the open item and the down payment account minus tax on sales/purchases. The tax itself is posted to the input or output tax account.
Thus the entry passed is
Dr Bank a/c 12000 Cr output tax 1000 cr customer account 11000 (in special GL account Cr 11000)
If you select gross display, the down payment is posted to the open item and down payment account including tax on sales/purchases. The tax itself is posted to the input or output tax account. To clear the tax, the amount is also automatically posted to a clearing account.
Thus the entry passed is
Dr Bank a/c 12000 cr customer account 12000 (in special GL account Cr 12000)
And also another entry also recoreded
Dr Output tax clearing account 1000 Cr output tax 1000
Gross display has the advantage that the down payment amount is displayed in the open item accounts including the taxes on sales/purchases, meaning that the whole amount of the payable or receivable is displayed.
Check this link for Reconciliation postings in CO
http://help.sap.com/erp2005_ehp_02/helpdata/en/66/bc7feb43c211d182b30000e829fbfe/frameset.htm
Radha -
Parallel Ledger APC Values Via A Clearing Account
Hi Folks,
Would appreciate any help you can with this.
Situation :
Fixed Assets is not integrated with Vendor Payables.
Fixed Assets is set up with Real and Delta Depreciation Areas.
When an Invoice is posted in Vendor Payables the offset is to a Fixed Assets Clearing Account - this Document updates the Leading Ledger and all Non Leading Parallel Ledgers with the same amount.
When the amount is posted against the Asset via ABSO the offset is the Fixed Assets Clearing Account.
The problem is :
If there are different APC values between IFRS and Local GAAP this leaves the amount equal to the Delta posting sitting in the clearing account for the Local GAAP Ledger.
Is there any way to change this behaviour or a different process to be followed ?. not sure what can be done with this delta amount left in the Ledger specifc clearing account.
Thanks,
AndrewHI,
I am not sure if it is helpful but what you can do is to define an asset movement type limited to a valuation area, which allows you to post for example acquisitions only in on valuation area, but not in the other one.
Thus you can post ABSO with one asset movement type for one valuation area (APC-value X) for another valuation area use another movement type and post APC value Y.
Anyway the difference of the APC value (thats not ativated) needs to be posted to an P&L account.
Maybe there are other/better suggestions from other people.
Best regards, Christian -
GR/IR Clearing Account for Material & Asset
Hi,
We want to maintain different GR/IR Clearing Account for Materials & Assets.
Pls. guide.
Regards,Hi
In case of asset - we define account determination in asset master which is like stock account for material. But if you use purchase order then for asset you use account assignment category as A - it means it is like account assigned purchase order. So all goods reciept credit on these POs will go to GR/IR account created without valuation class. Same time if you donot maintain service masters then goods receipt will go to same account (no valuation class). So either you need to define service materials or use same account for both.
Thanks -
Asset Cost not transferred from Asset Clearing to Asset Cost Account
Hi,
There has been a manual Asset-123 added for which the asset cost has not been transferred from the Asset Clearing to Asset Cost Account.
While, the other additions done for other entities have been transferred successfully.
Im trying to figure what could be the issue..
Thanks in advance.
Edited by: user645075 on Sep 1, 2008 12:27 PMHi Shrutika
It appears as is if there is some issue with the configuration of your GL / configuration of GL with AA. Please refer to the following [link|https://www.sdn.sap.com/irj/scn/wiki?path=/display/erpfi/asset+accounting] on this site. This provides you excellent stuff on Asset Accounting.
Regards
Virendra Malik -
Error -Account 'Down-payments clearing account' could not be found for area
When I am trying to pass a down payment entry by debiting vedor and crediting bank with asset it is giving an error as follows.
Account 'Down-payments clearing account' could not be found for area 01
Message no. AU133
Please help me to rectify the same.
Thanks in advance
DeepakHI
Please pay attention at the possible causes of message AU133:
1. Error AU133:
a) You have not defined a contra account for acquisition value postings in the Asset Accounting Customizing settings (Transaction AO90).However, this is required as of Release 4.6C because, as is the case for all other integration postings in Asset Accounting, invoice receipt postings have to be displayed in Asset Accounting via the new posting kernel to ensure an identical document
structure.
b) You have defined the account in Asset Accounting, however, it is not created in the affected company code.Check whether the account is correct and create it for the company code, if necessary.
2. You have entered an asset reconciliation account for the "Contra account: Acquisition value posting" (for example, the same account as for "Acquisition:Acquis. and production costs" account).This is not permitted.Check whether your account determination is correct
(Transaction AO90) in Asset Accounting Customizing. The same applies
for the 'Contra account: Down payment posting'.
3. As "Contra account: Acquisition value posting" you entered an asset G/L account. If necessary change the automatic posting indicator in the G/L account master record.
4.Check if you need revaluation accounts in depreciation areas involved (AO90):
-Revaluation acquis. and production costs
-Offsetting account: Revaluation APC
Please run also programm RACKONTO where missing or wrong customizing
the accoutn determinations per company code is displayed
Also have a look at note 7595 in this regard.
Please assign points if it useful.
Regards
Ravinagh Boni -
Vendor Reconciliation & Asset Reconciliation Account
Dears
I am a little confused regarding the reconciliation accounts.
We are making for Asset Config settings for down payment posting. I selected downpayment account for Asset Downpayment in AO90; but the system says the GL is not a reconciliation account.
When I saw the GL account, it is created as a Vendor Reconciliation account.
But in AO90 I think, we should give an Asset Reconciliation Account, right ?
If that is the case, why we should have separate reconciliation account for Vendor and Asset in Downpayment posting for Assets ?
When we post the Vendor Downpayment in F-48 using Spl. GL indicator 'A' , we are assigning the PO number also where asset is linked.
Spl-GL 'A' is linked to a reconciliation account for vendor.
Asset downpayment is also linked to a reconciliation account for asset.
If that is the case, which downpayment account, the advance amount for asset is posted ?Hi Niki
I personally dont like updating the Down Payments for assets in Asset Accounting.. It is inviting troubles w/o much of value-add.. If you post DP to asset, then Invoice and you dont clear the DP, the depreciation is calculated on Invoice amount + DP Amount
Ofcourse, it gets adjusted in future depreciation runs once you clear DP. But if you clear in subsequent FY, then thats a problem
In order to avoid updating DP in AA, follow the below steps
1. Create a new FSG as a copy of G067 in which you will suppress the Asset Number
2. Assign this FSG in Vendor recon accounts
3. Do F-47 and enter the PO Number..
4. System will give an error msg F5 378..
5. Suppress it in OBA5, and you are done..
I remember this till date because this was one of my initial findings / learnings in my SAP Career ;-)
Best Regards
Ajay M -
Foreign currency valuation for GR/IR clearing account is repeatedly posting
While executing foreign currency valuation (program SAPF100) through T code F.05 the following fields are selected for the spotted rate valuation for currency type 10.
A) Valuate G/L account open items
B) Evaluate GR/IR account (GR/IR clearing account is selected)
C) Valuate customer open items
After execution the valuation postings are repeated in GR/IR FC valuation Balance sheet adj account while the postings in other accounts occur only once.
GR/IR FC valuation Balance sheet adjustment account is configured in OB09 for GR/IR account for respective currency type and local currency.
What could be the reason for repeated postings in FC valuation account?I think there is some issue with the process, normally vendor/customer reconciliation account or some liability assets related account which has impact due to foreign currency rate changes needs to be revaluated. I don't understand why you have set up foreign currency valuation for GR/IR account, these are intermediatory account which reflects in system between for example GR and IR.
I also think that you need more information on foreign currency valuation, basically it happens on a particular key date and gets reversed on key date + 1, because revaluation is only required on a key date for reporting purposes. on the next day it get reversed and actual loss or profit on foreign currency only gets booked on realization.
Hope this helps!!!
Murlidhar Khatri -
Hello Experts-
I fell in a tricky situation at my work place. We have an asset reconciliation account which has a balance but, this balance does not correspond to any asset. When SAP Fixed assets was implemented here, they had a balance for this account and then have converted it into a reconciliation account. How do I create an asset which represents that balance as APC value? Or how would I transfer it from this reconciliation account to a clearing account so that I can create a real asset and transfer this APC to a real asset?
Any thoughts on this issue would be really appreciated.
Thanks in advance.
RNarayanHi,
To post the balance values from the take over values from AS91 on the Asset Reconciliation Account
You can use transaction:
OASV
ABFI (use transaction type 100 and don't fill in an asset number)
The postings on these account are total postings by bussines area and there is no 1:1 relation with assets like with debtors and credititors. (when you run the depreciation it create total amounts -
Cost center assignment of GRIR clearing account
Hello Expert,
There is a purchase order assigned to an asset. the cost center K8071 is maintained in the asset. Later, the cost center is changed to K8410. Normally this cost center will always be determined from the asset. But in goods receipt (MIGO) and invoice verification (MIRO) , the wrong cost center K8071 is derived for GRIR clearing account. Can i get any help from you how to solve this issue? Thanks a lot!
Best Regards,
Ou QinHello,
the cost center is really assigned to GRIR clearing item. It is standard system design. if checking GRIR line item, the cost center is filled for invoice verification of asset PO. Seems the function of derivation exists bug. Can any one know how to fix such error before? Thanks!
Best Regards,
Ou Qin -
Setting up Down Payment Clearing Account & Down Payment Offset Acct
Hi
I wonder if someone could perhaps guide me to a possible solution on the above querie. I am trying to post a Down Payment invoice within SAP Bus One 2007A but get the following error: GL Account code is missing (1) [message 131-46].
I have spoken to our support who have suggested the course of action but the problem I have is I need to know which codes I should use to set these up?
Any feedback would be greatly appreciated.
Thanks
S4P US3Rdear,
map the down payment clearing account in G/L account determination -sales tab-map Down payment clearing account(Liabilitty Account). similary for purchase(Asset account)
Hope this will help you.
Regards,
Neetu -
Asset Creation with intermediary Asset Holding Account
Hello Gurus,
We are on ECC6.0 and SRM 7.0 , business requirement is to procure the asset from the P2P cycle and have an Asset Holding account as an intermediary account. And at Month End post the balance from the intermediary account to the main asset account after review.
Business has clear requirement to have the all posting first going from the P2P cycle to a Asset Holding account( intermediary account) and at month end review the same and than create the asset and than transfer the posting from Asset holding account to the Main asset Account.
Can you please provide inputs how do we address the same.
Thanks & Regards
RutvijHi
I understand about the AUC after checking various threads on SDN.
But i am wondering is my requirement addressed
'Business has clear requirement to have the all posting first going from the P2P cycle to a Asset Holding account( intermediary account) and at month end review the same and than create the asset and than transfer the posting from Asset holding account to the Main asset Account"
So if we go with AUC , we need to create a asset number before the procurement process starts.
At the completion of the AUC once the asset is settled, for the new asset procurement business will have to create a new AUC asset number.
Hope I am able to help you in understanding the requirement.
Any inputs in this regard are helpful
Thanks & Regards
Rutvij -
Migrating open POs and GR/IR clearing account balance
Hello gurus,
I've got the following problem concerning migration of open POs:
For example: In my source system there is a PO for 10 pcs. of some material. There has been a goods receipt for 5 pcs. (200$ each).
Now, when I import this order and the corresponding purchase order history into my target system (using LSMW), the target system creates the order, a material document for 5 pcs. and an account document.
But of course, our FI-team also has to migrate the balance of the 'old' GR/IR clearing account.
So, the balance in the source system is <> 0 (e.g. 1000$), because the 5 pcs. have been delivered but there has been no invoice receipt yet.
This balance is imported into the new system and then the open orders are migrated, generating an account document and thus, the balance is 2000$ afterwards.
This obviously is not correct, so I am sure that I am missing something, just what?
Thanks
AliciaHi,
1. There will be an open PO uploaded for 5 qty and price 200$ each
2. Opening Balance of Material - 5 qty and corresponding value to Stock A/c - 1000$
3. Also there will be Vendor Balances uploaded in the system as 1000$ against the invoice. (If the invoice is still expected then chec with FI Users if they can get invoice form vendor)
if no then do not upload initial stock entry of step2, create a PO of 10 qty and then do GR in system (SAP). -
Value difference for GR/IR Clearing Account in case of MIGO and MIRO.
Hello Experts,
One of our client has asked me about clarification regarding GR/IR Clearing Account shows different values when MIGO and MIRO posting. Scenario is that,
SEZ
Calculation of import Duty
Input goods
Material Base Value
2,171,385
Landing Cost
21,714
For computing Customs landing charges need to be added
BED @
10%
219,310
Loaded in material cost
CVD, @
12%
289,489
Credit taken
Customs Education Cess
3%
15,264
Loaded in material cost
ADDL Duty
4%
108,686
Credit taken
Customs Duty
632,749
CVD
12%
219,310
All duty
4%
108,686
Cenvat
327,996
CST
43,427.70
2214812.7
Hence Material cost in GR/IR should be Rs. 22,14,813
Diff (2219092-2214813= 4279)
Whereas it is taking Rs. 22,19,092
My concern is that GR/IR Clearing Account consider only Material cost and non deductible tax amount i.e. CST which is loaded on material cost but system consider some different values, please check the above calculation. When user post MIRO in that case system automatically konck off GR/IR Clearing Account and post difference amount i.e. RS. 4279 to Inventory Account which is wrong. I dont know how system behaves in such manner.
Please giude me on this issue as soon as possible.
Regards,
Vishal JadhavDiscussion moved. Please use Internationalization and Unicode for CIN related queries.
Maybe you are looking for
-
Report for login and logout time
Dear All, Please can some one help me urgently. I have to find out users login and logout time over the last six months. I need to find out how many hours per user are being used. What report do I need to run to find out ?
-
I just bought apple tv......trying to use homeshare-computer won't cooperate.....have 2 i pads, 2 iphones and can not get my macbook pro-(10.5.8) to update to snow leopard (10.6) which is what seems will make homesharing work between all these apple
-
For the first time since upgrading to 1.1 I'm having a problem. It happens when I apply multiple presets, say WB, curve, tone, punch. Now say I don't like what the punch did so I ctrl Z to undo only nothing happens to the pic. The only thing that hap
-
Why did PP 26-2009 not generate a Month End Accrual?
Our pay period 26 2009 covered 12/4/09 - 12/17/09. We posted this pay period on 12/23/09. There was not an accrual in the posting. Our Pay Period 01-2010 covers 12/1809 - 12/31/09. We posted pp 01 2010 on 01/07/2010 and no month end accrual. In the I
-
Apex integration in SQL Developer
Hi, I have the latest version of SQL Developer. But I still can't see the "Application Express" node in the object browser, although my schema is owner of an Apex application. When I connect on a machine with a local database (and apex), SQL Develope