Asset Reclass

Hi ALL,
Can some one provide a sollution for the below scebario.
User accidentally posted the cost for asset 601108 into 601101 on 31.12.2009. depreciation calculated for Dec, jan and Feb.
Secondly for asset 601101 some cost was already posted and there is a Netbook value aprt from the cost wrongly posted.
I want to reclass the posting made in the wrong asset number.
Thanks in advance.

Hi,
How he made that wrong posting? means with which transaction code?
Anyhow, any asset document can be reversed using AB08 only.
Reverse your wrong entry and post afresh entry to the correct asset using the same tcode, which is used earlier.
Thanks,
Srinu

Similar Messages

How to reclass asset

Dear all,
I want to reclass an existing asset from one asset class to another.
I've run mar 2009 depreciation. but I need to reclass this asset back to 01.01.2009.
What should I do? Dispose and create? Transfer?
Thx.

Hi,
This depends on the definition of transfer transaction. In AO75 transaction you can define the rules for depreciation start. You can define that this date will be adopted from the original asset and not taken from the transfer date.
Regards,
Eli

Wrongly posted to asset instead of GL

Hi All
I have a asset which was wrongly posted as an asset in the last year and now users want to transfer that to a Balance sheet GL account .Depreciation has been run on the same for the last year and the current year .Any ideas? Can I scrap the same and then reclass this as a GL or can anyone suggest some other method

Hi,
We need to classify this between last year posting and this year posting..
Last year: Depreciation in already posted and the books are closed..so if you touch the last year balances.. it will call for Audit Query as the books are closed.. Do write back if you also want to adjust the last year figures..
Current Year : You can change the depreciation key for this Asset to 00 Depreciation key and run a repeat run of the Depreciation. This will reverse the depreciation posted in this year in the current month and then you can execute transaction ABSO to transfer the balance of the Asset to a GL Account.
Regards,
SAPFICO

Mass transfer for asset categories

Hi,
We are implementing FA (on 11i release) in an organization. This organization is divided on 20 cost centers.
The requirement is that each cost center have its own balance sheet.
Related to FA, I need Asset cost account and Asset expense account to be detailed also on CC level. There are 4 types of assets (which are registered in 4 different natural accounts)
I have implemented by:
Create one book for all the organization.
Create one category for each type of asset and each CC (in total 80 categories).
So the registration of "asset cost" account on asset categories window looks:
Assets belonging for the first cost center:
01-CC1-1111-00
01-CC1-2222-00
01-CC1-3333-00
01-CC1-4444-00
Assets belonging to the 2nd CC:
01-CC2-1111-00
01-CC2-2222-00
01-CC2-3333-00
01-CC2-4444-00
and so on.
All categories are linked to the same book.
When I transfer a big number of assets from one CC into another, mass transfer program allows only transfer between expense accounts, location and employee name. It does not allow transfer from one category into another.
Please advice how mass transfer from one category into another can be implemented.
Thank you.

Hi
You need to perform mass reclassifications for the same which is done at the book level.
In the Asset to reclass section you will populate the details of the asset numbers and the existing category information
In the Reclass section provide the details of the future category information.
Thereafter click on the preview button to preview the selection of assets found eligible for reclassification based on the input criteria entered, once you are satisfied with the output, run the mass reclassification program to bring the category transfer in effect.
Hope this helps.
Thanks
Manish Jain

You can not post to asset xyz ( investment support measure) ??

Hi Guru's,
I am trying to post some spending reclassed to an already capitalized asset. So in order to do this I have reactivated the project, resettled the spending to the asset and now I am trying to finalize the settlement to the asset by using tcode: CJIC... but keep getting this a hard error message:
You can not post to asset xyz ( investment support measure) .....
Any idea how I can resolve this ?
Please help !! Thank You
Best Regards,
Yasmeen

hi,
it would be better if you write error message number in thread.
hope you are using im module. if so check the system stastus of appr.request and try to settle to auc.
check and do revert.
regards,

Is there any API to update Fixed Asset minor category ?

Hi,
My client need to update the minor category of 3000 Assets.
Is there any API to mass update Fixed Asset minor category ?
Thanks,
Joe

Hi Joe,
You could use the reclass API : FA_RECLASS_PUB.DO_RECLASS
Based on the new minor category, derive the correct asset category and pass it to this API along with other required parameters.
Regards,
Mukul

BA & cost center in asset posting

HI all,
i have 2 questions:-
1) 1 asset master - AA001, having BA as BA001 & CCTR as C001. then request to change as BA001 & C002. BUT C002 belongs to BA002. can we have this kind of setting other than changing the assignment of BA at cost center master?
2) usually upon depreciation run, the entry will be
    dr. depreciation exp (BA001, C001)
      cr. accum depr (BA001, C001)
   can we make setting to make the entry for depreciation as below:-
      dr. depreciation exp (BA001, C001)
         cr. accum depr (BA002, C002)
pls help.

Hi,
for Q1 - we will do transfer asset to a new setup of BA n CCTR.
for Q2, previously our asset is set to BA001 & C001. then we need to transfer the old asset to a new setup of BA n CCTR.
we want the acc depr remain in the old BA and exp will charge to the new BA. it's for operating concern. if we transfer using normal ABUMN, the depr still as normal - charge to the same BA (exp n accum). but after depr run, we need to do reclass again to get back the correct value.
is it a good business practise to do such way? but can it be done?
thanks.

Booking cost center to Asset

Hi ,
we are buying with Asset (A) and Cost center in PO
During year end and month end activity, is it possible to transfer part of amount booked from Asset to Cost center and From cost center to Asset. For Example, if we booked 100$ for Asset, is it possible to keep 70$ for asset and transfer 30$ to another cost center ?
If I purchase 1000$ for particular cost center, and i want to move 300$ to asset under construction, is it possible to book like this ?
Please confirm.
Rgds
Madhavan

Hi,
I am rewriting my question.
we are buying with Asset (A) and Cost center account assignment in Purchase.
During year end and month end activity (Reclass), is it possible to transfer part of amount booked from Asset to Cost center. the same way is it possible to transfer From cost center to Asset. For Example, if we booked 100$ for Asset, is it possible to keep 70$ for asset and transfer 30$ to another cost center (not to differner cost center of same asset) ?
If I purchase 1000$ for particular cost center, and i want to move 300$ to asset under construction, is it possible to book like this.
Rgds
Madhavan

Reclass in FI Posting

Hi ,
Please let me know terminalogy in Re-Class or Re classification in FI. Also let me kwow, whether we will loose track of posting after Reclass. Please advise me on transactions used for recalss and necessary table updated after reclass.
madhavan

Dear Madhavan,
Reclass refers to the process of reclassifying accounts payables and receivables to the correct reconciliation account, which is typically a period-end activity.
Common Business Requirement
At the end of each month, if there are customer reconciliation accounts which are in credit balance, they should be reclassified to current liabilities accounts. If there are vendor reconciliation accounts which are in debit balance, they should be reclassified to current assets accounts. Reclassification should be carried out after GR/IR account maintenance has been completed. After AP/AR reclassification has been completed, foreign currency revaluation should then be carried. For more details, refer to process on Foreign Exchange Revaluation.
Regrouping according to long-term asset and liabilities remaining will not be done since there is no business requirement.
Common Business Process Flow
Common Business Process Flow for Reclassify AP/AR is as follow:
Coming Soon!
Standard SAP function will be used. When customer reconciliation account is a credit balance, the credit balance is transferred with adjustment account to a current liability account on the balance sheet. If the vendor reconciliation account is a debit balance, it will be transferred to a current asset account on the balance sheet.
This standard SAP program will also be used if
u2022 There is a need to reclassify the open customer/vendor items based on the remaining term
u2022 There is a need to change the reconciliation account of customer/vendor.

Joint Venture Asset - How to charge

Hi,
We have scenario, where assets jointly owned by client and Joint Venture partner and maintained by client, whom we are implementing Oracle eAM.
50% of the maintenance cost to be charged to the Joint Venture Partner.
Can you please suggest me,how to map this scenario in Oracle Apps.
Thank You,
Regards,
Selvakumar

Hi Sheena,
Yes, the reclass is the proper method.
There are rather much info about proprtional consolidation in the forum. Search for it.
There are even topics in help:
http://help.sap.com/saphelp_sem60ep1/helpdata/en/44/68e2b58157311fe10000000a155369/frameset.htm

Error while posting a write up for asset belonging to affiliated company

Hi,
I am facing an error while posting a write up for an asset which belong to an affiliated company. Error is
Transaction type 790 not possible (posting to affiliated company)
Message no. AA390
I am using Transaction type 711 which is linked to 790 in custo. Kinldy let me know how to resolve this issue.
Thanks
Pragya

Hi
According to this note for document type used, we should not select the 'inter company posting' or 'enter trading partner indicator'
but as i m doing writeup for asset belonging to affiliated company, so i need to set this indicator. the document type used is standard AA
Is there any other way, to resolve the issue
Thanks
Pragya

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Import Fixed Asset by excel

Hi Every one,
     I am importing FA in SAP B1 PL 09 but failed, with system message log " Its active depreciation areas must be the same as those defined in the corresponding asset class. I checked depreciation areas and asset class, They corresponded to each other.
     Please help me to find way to solve this error.
Thanks & Best Regards
     Loan Tran

check below..
Fixed Asset SAP Business One 9.0 Configuration

Asset Accounting - Mid month Convention

Hi,
I have a problem in Asset Accouting for configuring a mid-month convention (and mid-quarter), settings. I activated the use of half-month in my company code (value 15), and defined Calender assignment for my Fiscal year variant, for Period control 03. The depreciation start date is correctly calculated for the tax depreciation area (period control 03). But, for my book and group depreciation area (period control 01 - 1st of acquisition month), the system also calculating 15/mm.
For Book Depreciation area I need to calculate depreciation for the entire period in which Asset is acquired (period Control 01) Currently If I acuire the asset before 15th of month its calculating depreciation for entire month and If I acquire the asset after 15th of month its calculating only for half month.
Is there a way to have mid-month calculation only applying to specific depreciation area ? Did i miss something in the customizing or do I have to change the period control 01 to force the start date at the first of the current month ?
If you require any futher info to provide input on this issue, Please let me know.
Thanks in advance to everyone who could help me.

As long as the depreciation keys are different between the depreciation areas you should be able to have one calculating at mid-month and the other at full month, respectively.
Just a thought: Go into transaction "OAVH" and make sure that the periods are assigned correctly for your Period Control "1". It should have one line item with a "0" in the month and day field and the period field should be 'blank'.
If the Period Control is correct, you should try creating a custom Period Control that defines each period as the last day of the month.
Hope this helps,
Chad

Vendor payments and debts about an asset

Dear sap colleages
I need to know these information about an ASSET:
Purchased orders,
Items from purchase orders,
which of these items i've received, i've paid (also date), i've not paid ( amount of debt related to asset)
payments in advanced (date),
wich of these payments have been cleared (clearing date) and wich not,
who is the vendor,
other expenses (such as delivery)
the amount of taxes,
invoices related and NOT RELATED TO purchase order
payments without invoice
Which transactions do i need to follow?
or
Which document flow?
or
Which tables? Wich keys?
or
Is there a standard report that can give me such information?
Any documentation and/or code will be appreciated.
I need to program a report to integrate all these information.
Thanks and Kind Regards

Hi,
Refer to T.code AW01N - Asset Explorer .
Additionally you cna also refer to SAP Standard reports in Asset Accounting
Accounting - Financial Accounting - Fixed Assets - Information System - Reports on Asset Accounting
Please let me know if you need more information.
Assign points if useful.
Regards
Sridhar M

Asset Reclass

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