Asset disposal

Hi Experts
I havea major issue. I guess this is technical and hope to get your help
I need to know how I can get rid of an asset that I am disposing of when the asset was not loaded in a sub-ledger ????
Please advice ASAP with T codes and se up?
Win highest points

What do you mean by getting rid of an asset when not loaded in subledger?
Do you mean, no posting was done since it was created?

Similar Messages

What is the purpose of Clearing and Revenue account in Asset Disposal : F-92?

Hi All,
Please clarify my doubt ;
In Asset Disposal - Sale to Customer : F-92 with customer
Suppose an asset with historical cost $1000 and accumulated depreciation of $100 is being sold to a customer at $1100, the posting entries will be as follows :
Dr     Customer Account (A/R)                    1,100
Dr     Accumulated Depreciation                    100
Cr     Fixed Asset - Acquisition Cost           1,000-
Cr     Gain/Loss of Fixed Asset Disposal       200-
Dr     Clearing Account for Asset Disposal   1,100
Cr     Revenue for Asset Disposal                1,100-
I completely understand the first four line items, but don't know the purpose or the 5th and 6th line items.
Please explain why we need a clearing and revenue account for asset disposal and what would be the impact of these accounts in asset accounting?
Thanks in advance !!!
Regards,
Vicki

Hi Vicki
This is just a technical account, which gets Dr and Cr in the same document
The purpose is just to tell you how much asset sale has happened during the year.. You can get this info by looking at the GL Account
Since Asset Module is a sub ledger, the asset needs to be retired. At the same time, the FI-GL also should show the needed info from accounting perspective
While the required GL entry is completed with the 1st 4 line items, the 5th and 6th are just the statistical ones
Br. Ajay M

Assets Disposal/Transfer

Hi all,
I tried to transfer some amount from main asset to sub assets on 01/04/2008. I find that the assets disposed / transfered on 01/042008 are being reflected in the Asset report AR01 only on 30/04/2008 and not on 01/04/2008. As a result Depreciation is also being charged for the period April 2008
Please help
Thanks,
Sasidhar

That's a very good question and one that I would also like an answer to. However, I think that it's not likely for a while yet. I saw a post on Metalink about JDev and the JRAD extension recently which is designed for Apps, but it looks like it will not be available till 11.5.10 and the version of JDeveloper will be fixed as it is for other dev tools like Forms.
Now, the main point of your question which I would like to highlight is the Template.fmb question. As Oracle does not document the API's for Self Service security, it is not a simple matter to add a custom application and maintain stringent access restrictions as in iProcurement for example.
As Oracle move to designing the Self Service Apps in ADF??? or just plain UIX, surely a library of Oracle Apps tags will follow that developers can just plug into our custom applications....
Well that's my hope. It would be great to get a reply from someone in the Jdeveloper development team on this....
Cheers
Chris

Assets Disposal Payment System - F107_START

Our Client have new requirement - " Asset Disposal Payment system " Specfic to Japan Only. Its new accounting Principle thas has been added to Japan Accounting Principle.
Is any one have experience on this. Please let me know.
I went through some SAP standrad Documents for this New functionality. As i got that for the implementation of this functionality, we need to have the New GL Functionality. But our client doesnt have the New GL Functionality. So please let me know, can it be possible with out NEW GL functionality.
As per SAP standrad functionality, we need to check to use the following Program :
F107_START
F107_PROVISIONS
Please let me know, if any have any information for that one.
Sachin Garg

I would suggest you to create a SAP message and ask SAP directly on this matter.
blaz

Asset disposal Revarsal

Hi Guru's,
Last month we have made an asset disposal,but the amount was wrongly key in as USD 1000 instead of USD 1200. We have
tried using ABNK but it did not effect any accounting entry, transaction only appreared in the Asset History.
Kindly advise if there is any T-code for Asset disposal reversal.
Thank you for advance.
Cheers,
Veera.

Hi,
Try using Tcode AB08. It would list the posting on the given asset & then try to reverse it. Hope you still have 2009 Asset year & Fiscal year open to make this posting..
Alternatively you can also do write up or value adjustmnet on the same asset.
Thanks
Vaibhav

BAPI for asset disposal through tcode F-92

Dear all,
Is there any BAPI to perform asset disposal that posted in tcode F-92 in foreground with asset transaction type = 210? I found this BAPI BAPI_ASSET_RETIREMENT_POST however i did not find the field to enter the posting key + gl account info for double entry.
Thanks.
Regards,
CNHO

Are you trying to give two cost objects simultaneously? Can you elaborate on the account assignments you are giving?

Asset Disposal Date

Dear Friends,
We have one isssue related to dispose asset as follow:
The asset is actually disposed on 29 oct 2010. However the accountant
only received documens (FA02) upto 15 dec 2010.
Hence we consider which date we should enter in SAP to dispose asset:
1- Document date: ?
2- Posting date: ?
3 - Asset value date: ?
Firstly, we intended to choose Asset value date is: 29 Oct 2010 => But I
concern whether the booking entry will impact the Financial statement in
Oct and Nov 2010 (which we already run depreciation)?
Please provide some solution folks.
Regards,
Naveen.

Posting date should be December
Asset value date should be October
The system will "catch-up" depreciation when you run it in December.
Document date typically means invoice date - use whatever is on the invoice.

Asset disposal from sap

Hi
my company wants to dispose from some assets to its customers,how can we achivev this using sap and what are the implications of this

I have not worked in this part. Please check the below link. It may be useful. I hope, you are working with Asset Accounting.
[Asset Retirement or Disposal|http://www.sap-img.com/financial/mass-asset-retirement-or-disposal.htm]
http://www.sap-img.com/financial/retire-asset-with-or-without-revenue.htm
In case, Assets have been synchoronised with Equipments, first those equipments should be deactivated or deleted, so that further processing cant be done on that equipment. You can maintain User status as Scrapped, so that you can see in the future,

What field holds the proceeds from a partial asset disposal/retirement?

When you do a partial dispose/retirement of an asset, what table-field holds the proceeds of this transaction?

Yes, that is correct. The transaction amount will show up in ANEP-ANBTR.
If you dispose of $100 worth of asset, the $100 shows up in ANBTR.
But you sold it for $150. Where does the $150 show up?
In some accounting document?

FICO: Asset Accounting : Retirement

Dear Friends,
Can someone share the asset disposal posting for the below scenarios.
1 . Asset disposal end of its life with customer with gain or loss
2 . Asset disposal mid of its life with customer with gain or loss
3 . Asset disposal end of its life without customer with gain or loss
4 . Asset disposal mid of its life without customer with gain or loss
Thanks,
Regards,
Perumal
help.sap.com

Hi,
Welcome you post on the forum.
However this forum is not a proper one for you. You need to post on the [ERP Financials - Asset Accounting|SAP ERP Financials - Asset Accounting; forum.
Please close this one.
Thanks,
Gordon

How to create crystal report for fixed assets

Hi,
I am beginner to SAP B1. I have to create crystal report on fixed assets. for the following fields I have to get data.
Fixed Asset,
Cost of Fixed asset,
Disposal of fixed asset
Scrap of fixed asset
Additional cost on fixed asset
Fixed asset cost after additional cost
Rate of fixed asset –Depreciation item cost - Percentage
Depreciation of fixed asset on item cost
write-up cost on fixed asset –write-up
Rate of fixed asset-Depreciation on write-up cost --percentage
Depreciation of fixed asset on write -up cost
Net Book value of fixed asset.
your help here is appreciated.
Thanks,
Challa

Hi,
Actually they are not going to standard reports as Revaluation amount we are creating User defined fields and that needs to be fetched to the report. As well they want original cost, depreciation original cost, Revaluation amount and depreciation on revaluation separately..
As per my understand system will provide one cost and the depreciation on that.
So, can somebody help me in guiding me..
Thanks in advance.
Thanks,
Challa

F-92 asset retirement-where document splitting is active

I have a situation where I have activated document splitting for the characteristics profit centre and segment. When i post an asset retirement however that the customer and the VAT postings do not get populated with profit center and segment. The asset disposal accounts, the assets, the gain or loss on disposal do have the profit center and segment populated.
I have made FSG profit centre required for customer, not required for VAT general ledger accounts
I have made the posting key 01 and 50 FSG- profit centre required and cost centre optional
Where else can i check. as i thought the customer would inherit the profit center from the cost centre in the asset being sold.

Hi,
This is surely related to Document splitting configuration
For Document type DR, what is the business trans. and trans. variant assigned ?
I think it should be 0000 (unspecified posting) and then create a new variant and assign the below categories:
Menu: Financial Accounting (New)-> General Ledger Accounting (New) - > Business Transactions -> Document Splitting -> Define Business Transaction Variants
01000     Balance Sheet Account
01100     Company Code Clearing
01300     Cash Discount Clearing
02000     Customer
02100     Customer: Special G/L Transaction
03000     Vendor
03100     Vendor: Special G/L Transaction
04000     Cash Account
05100     Taxes on Sales/Purchases
05200     Withholding Tax
06000     Material
07000     Fixed Assets
20000     Expense
30000     Revenue
40100     Cash Discount (Expense/Revenue/Loss)
40200     Exchange Rate Difference
80000     Customer-Specific Item Category
Assign the new variant to DR document under Financial Accounting (New)-> General Ledger Accounting (New) - > Business Transactions -> Document Splitting -> Classify Document Types for Document Splitting
Hope this helps
Regards
Tarek

Asset Retirement Refunding Consumed Budget.

We run SAP with Funds and Grants Management for Grantee active.
The system was set up to consume budget at asset acquisition.
We have some assets which have been sold off or scrapped, when we try to recognize these on the system via ABAVN for instance, we realized that SAP is crediting back the budget in funds management ( into asset acquisition commitment item) and grants management (into asset sponsored class/sponsored program) with the value at which asset was purchased.
I would appreciate advise on how to resolve this issue.

Thanks Ming and Shyam,
Your suggestion works perfectly for the Funds Management Module, but it is still crediting the Grants Management module with the acquisition value when asset disposal is posted. The only option I have now is to go to GM_UPD_SETTINGS and manually set the asset acquisition GL account range to post statistically when the asset sale/scrapping is being done.
I feel this is not proper and there must be a way around this. I would appreciate more help please.

Asset selling

hi all,
one of our client tried to sell its asset. and from f-92 they did it. but later they figure out that they run afab for june and all the postings occured at the end of the mounth (30.06.2011) but they selled the asset at 27.06.2011. so the posting of f-92 wrong because the amount in the asset selling loss account suppose to be in the depretiation account. but just because the asset selled at 27.06 system post like this.
i have a solution but i am not sure is it right or wrong, that i can open asset accounts for posting with oamk and i can transferr amount from the loss account to depretiation account would this work?
any suggestions?

Hi,
Further comment is that for disposal of asset with customer (F-92), there will be three scenarios gain or loss or break even.
In case of loss when selling the asset, a posting to u201CLoss due to disposalu201D p&l account is inevitable. This amount to be posted to loss p&l account due to disposal may be influenced by depreciation expense of existing month depending on the sequence in which depreciation run and retirement process are executed.
In your case, if the asset selling date was 27.06.2011, you can run the asset disposal F-92 on 30.06.2011 (posting date and asset value date) the same day but in a sequence after the depreciation run process. However, document date input as 27.06.2011 in the disposal document should be fine as reporting is by period.
Kind regards,
John Chin

Asset retirement frm slae w/customer f-92

Asset retirement frm slae w/customer
We r retiring & selling asset throgh F-92,
But output tax is not calculated.
can anayone provide solution to us..
With reagards,
sachin Rodrigues

Hi,
I tested it in my system.
When you post in F-92, you will input as follow :
Dr Customer       30.000
Cr Sales Revenue. 30.000
The tax will be calculated only as follows :
1. in FS00 , maintain the tax category : * (or +) for "SALES REVENUE" Account
2. in F-92, you input the tax category in SALES Revenue Account (Because if I input the tax in Customer then the tax will not be calculated). You can tick "Calculate tax" either in Customer or Sales Revenue account.
3. Afterwards, choose menu Document => Simulate.
The following journal will be created :
PK      Account       Description                       Amount
50       0000800000 Sales revenues-dom.        26.086,96-
01       0000000001 herwin                     30.000,00
50       0000175000 Output tax                  3.913,04-
75       0000032000 000000040000 0000           1.000,00-
70       0000032010 000000040000 0000              33,33
40       0000825000 Clrg asset disposal        26.086,96
50       0000250000 Gain-fxd asset ret.        25.120,29-
Hope it helps

Asset disposal

Similar Messages

Maybe you are looking for