Asset Reconciliation Account

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.
RNarayan

Hi,
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

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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

Tax Category Indicator on Asset Reconciliation Accounts

Does setting the tax indicator flag to '*' have any affect on reconciliation postings to an Asset Reconciliation account?

Hi,
Generally tax indicator "-" (Only input tax allowed) is set in Asset Reconciliation accounts.
Setting * for the same will also suffice.
The tax indicator setting is required as the asset acqusition process is done through asset purchase in MM. for that purpose the input taxes will be calculated.
I hope this answers your query.
Regards,
Ashutosh

How to post externally to asset reconciliation account

Hi,
I need to post one entry externally to asset reconciliation account & I dont want to update asset due to that entry. How to do that?
Pl. help. I will award points for suitable answer.
Thanks
Veena

You are permitted to post the recon account undercertain special circumstances :
USe the transaction codes OAMK and OASV.
Kindly read the SAP on line documentation before making a postings directly to the recon account.
Definition of the Reconciliation Accounts
You are not allowed to manually post to the reconciliation accounts for Asset Accounting in Financial Accounting. Normally, you designate the corresponding General Ledger accounts in Financial Accounting as reconciliation accounts. This change, however, can no longer be made in Financial Accounting, once these accounts already have balances from the legacy data transfer. However, you can use a special report to assign these accounts the status of reconciliation accounts in Financial Accounting (in Customizing for Asset Accounting, choose Preparing for Production Startup ® Production Startup ® Set Reconciliation Accounts).
There is another report for removing this specification (Reset Reconciliation Accounts).
Subsequent Correction Postings to Reconciliation Accounts
Suppose you have already defined the asset G/L accounts in Financial Accounting as reconciliation accounts, but still need to transfer balances to these accounts, or make corrections. You can make correction postings to these reconciliation accounts with a special posting transaction in Customizing for Asset Accounting (Transfer Balances), using posting key 40 or 50. You can only postings to those accounts in a company code with implementation status (Customizing for Asset Accounting, choose Preparing for Production Startup ® Production Startup ® Activate Company Code).

What is asset reconciliation account.

What is asset reconciliation account. Is this like other reconciliation accounts like A/P and A/R. How can we use it.

Hi
GL for Asset as Reconciliation is defined in FS00
Account determination rule is defined under SPRO - FAg - AAg - Org structures - Asset classes
The A/c determination is included in the Asset class
In AO90 GL a/c is assigned to Account determination rule
Finally, Asset master is created under a Asset class thru AS01
Thank You,

Assigning Asset Reconciliation Account

Hi Guys,
Where do we assign the Asset Reconciliation Account to an Asset?
Does it flow from the Asset Class? IF so..Where do we assign this GL account..
Thanks,
Kris..

Hi,
Asset reconcillation account is determined based on the accoun determination assigned to the asset class and baed on the account determinaton the reconcillation account is being identified

APC Posting to Assets Reconciliation Account

Hi Experts,
We are currently working with AS91 and AS94 legcay data Transfer. The acquisition is completed, we gave acquisition values in Dep Area 01 (Book Depreciation Area), Do we also need to reset the Assets reconciliation account and post the APC values to them? Or the 01 acquistion values will automatically post to Assets reconciliation accounts and how?
What is to be done?
Please guide.
Best Regards
VK

Thanks Krishna,
OASV does not provide the option of document and local curreny. We would like to force the values from Local currency to group currency disregarding the exchange rates.
So after restetting the reconciliation account we will post using F-02.
Any negative impact?
Best Regards
VK

Link Asset class to an Asset Reconciliation GL Account

Hi Everyone,
i want to specify a new Asset Class to a Particular Asset Reconciliation Account, which i have created in FS00 and also mentioned as a Reconciliation account in OAMK. can anyone help me where can i go and do this ?I am using ECC 6
Thanks & Regards,
Guru

Account determination key is maintained in asset class. Using AO90 transaction code you need to maintain GL Accounts for Acquisition as well as other accouonts against account determination.

Manual posting to reconciliation account under asset account group

We need to maintain Asset Group (G007) to allow manual input in order to post a period end-closing adjustment as required by our external auditors. ( i.e in the reconciliation account under the asset account group, we need to check the 'allow manual input' option so as to do posting to this account manually).
Under normal circumstances, the posting should have been from WBS Element, to AUC, then to Fixed Assets. However, since all the procedures have been completed until Depreciation Run, we have no option but to input this manually.
Similar Recon accounts which allow manual inputs are Accounts Receivable (GL Code 115000) and Accounts Payable (GL 210000).
My intention is to have this captured in the system as of Dec. 31, 2008; Reversed the same transaction on 01-Jan-09 and process it normally as mentioned above.
Valuable assistance will be highly appreciated.
Best regards,

You can make manual postings on the asset reconciliation account with the transaction ABF1
Use PK 70 or 75 , G/L account and transaction type 100.
The result is that asset accounting is no longer in line with your G/L accounts.
Put this transaction in your authorization make the posting and reverse and take the transaction out off the authorization!

Reconciliation Account change to GL.

Hi
I have a reconciliation account, I Viewed this on FS00. Now the balance carryforward to account AB1 cannot be transferred to AB2 due to wrong setting of account AB1 as "Asset" Reconciliation account.
Heres the problem,
When I tried to change the Reconciliation account type to 'blank' their was an error "Modifications to reconciliation account AB1 is not permitted"
Thanks,
John

The rule is that you cannot change the reconciliation accounts for vendor and customers, if the date is there.
You can reset the asset reconciliation accounts to non reconciliation accounts in OAMK. Note that this only done at the initial stages, before uploading the initial uploading of asset. I would recommend not to change these accounts in between.
I would suggest to block the current account and create a new account.
Regards,
Ravi

Reconciliation account to be chaned to normal gl account

Hi,
Can some guide me whether we can change a reconciliation gl account to normal gl account and guide me how the same can be done and the implications of the same.
Regards,
Gokul

Once a GL Account has been defined as a Reconcilliation Account for Vendor/Customer, you cannot change it to a normal account, as the system design does not support the same, if postings have been made.. The Asset Reconciliation Account can be changed to normal account.
However, you should not do the same, as it does lead to data level inconsistency in Subledger and Main Ledeger. transfer the balances to a new GL master if you need to.
Regards
Sanil Bhandari

Asset GL accounts not getting picked up in ABST2 run

Hi,
There are few asset GL accounts i.e APC and AccDep accounts which are not getting picked up in ABST2 run. What could be the reason? Please advise as to how can we ensure that we get a spool of all the GL accounts post ABST2 run.
Thanks,
DP

Are the missing GL accounts set up as asset reconciliation accounts go to FS03, enter GL account number, and go to control data tab, field recon account for account type should be A for Assets.
Thanks,
Tammy

Vendor reconciliation account - general vendor to vendor of assets

Hi,
I have created a vendor that can be either vendor of services and vendor of assets, therefore I have only one reconciliation account (operationnel reconciliation account).
At the end of the month, how is it possible to make the reconciliation change automatically into a vendor of assets? I have ticked the box in the invoice saying that the purchase is an investment.
Thanks in advance for your help.
Ronan

Hi Ronan,
I think that the Special G/L Indicator will be useful for your purpose, you will post FI-AP document with GL Account maintened in the Vendor master data (FD03) and post FI-AA document by using Special G/L Indicator.
So if you'll choose this solution, you'll have to create a new Special G/L Indicator (e.g : ' A ') and assign the appropriate account to this indicator (Tcode : OBXT).
Create a substitution (Tcode : GGB1) can be another solution.
Regards.

Reconciliation account

Hi gurus,
user wants to eliminate the reconciliation acccount Asset in Control data of GL Master. He wants to post directly to that GL account so that he is asking to eliminate the reconciliation account from the GL master. What will be the impact on financial statements?
Thanks in advance
laxmi.

Hi
Asset Accounting is a sub-ledger and the same is controlling from General Ledger through the reconciliation account. Without the reconciliation account, your GL will not get updated for transactions happening in Sub-ledgers and I dont think the system will permit any more processing without a reconciliation account for the subledgers in the GL.

Change Reconciliation Account in Vendor

Hi,
Can I change the Reconciliation Account in Maintain Field Status Group: Account Management ?
The user-end ask to change the account from 120501 to 213006 acc.
Is´t wrong ? I´m change the Asset to Passive .
Tks,
Sandra Amadi

Hi Sandra,
Yes you can do that, follow the steps mentioned below
This would require a config change. In the definition for vendor account groups first change the recon account field from display to optional, save the data make the necessary changes to the master records in Vendor and again set the recon account field to display and save. This has to be carried out directly in production server.
There is no need to reverse the entry of Recon Account as the Recon Account can be change in the config settings.
Hope it helps.
Thanks.

Asset Reconciliation Account

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