Asset wrongly inventorized - Reversal steps
Dear all,
User has not given account assignement 'A' in p.o,raised GR,invoice and done payment for a capital goods item.
Due to above wrong procedure,it got inventorized and debited to stock account in GR.
How to do reversal steps/corrective action ?
Please revert me any further clarifications.
Jeyakanthan
Posting it in asset accounting forum.
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Is there any possible to reverse last fiscal asset need to reverse in curr
Hi all
Please let me know is there any possible to reverse last fiscal asset need to reverse in current fiscal year.can you you tell me the procedure
Please find the detils of the asset
Asset purchased date =16.11.2006
Depreciation start date =01.01.2007
Asset capitalized date =01.01.2007
Asset value =46375
Depreciation as last fiscal year =4573.97
Net book value 46375-4573.93 = 41801.03 as per last fiscal year
In 2007 fiscal year two (April, May) depreciation runs over.
April and May period Depreciation amount is 1,370.53 and 1, 416.21
Now net book value = 43,588.26
I want reverse with net book value (43588.26) or capitalization (46375)
value,what ever is possible noproblem
Please let me know the solusation as it is very arjunt
if any one can give solusation for this thankful
Please dothe needful i will assign the pointsHello
Was the wrong invoice posted from MM or FI? Why you do not reverse the posting in the original module (MM or FI) with the correspondent transaction.
Do you want to leave a erroneous open item duplicated in the vendor?
Yes, if you post a credit memo the APC account of the asset will be posted with
an opposite sign. However, if you do this with AA transaction ABSO the offsetting
account will be the one you insert manually in the transaction and not the vendor.
You can simulate the posting before actually save it to check the accounts used.
Regards
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Hi
I wrongly capitalized one asset of Rs.12000 (Doc date, posting date and asset value date: 15th July 2010). Depreciation is also posted till December 2010
Now as per auditors, the same should be expensed out in repairs account. WDV as on today is Rs.7350.
Now i need to reverse the entire transaction (including depreciation, accumlated depreciation). Vendor is paid in july itself.
FY is from April 2010 to March 2011. I tried with ABNAN. But its telling that the date is not in closed period.
Please help how can i rectify.Hi,
Steps you should follow.
1) First change the depreciation key in the asset master to "000" (zero depreciation)
2) Do repeat run of depreciation, so that the depreciation recalculates and the net depreciation posted will be come zero.
3) Scrap the asset. Here the entry will be
Loss on sale of asset
To Asset
4) Mannualy post an entry
Expense (corresponding GL)
To Loss on sale of asset.
Note: First try this scenario in you Dev or Quality Server.
Hope this helps.
Thanks and Regards
Om
Edited by: Om Prakash Arjuna on Jan 12, 2011 12:56 PM -
Wrong Document reversal during AIST
Hi All
I have an issue while trying to reverse the AUC Settlement entry using AIST. In detail, I have settled a line item of an AUC No.153 to Asset X for Rs 7,700 in the month of Jan 2011. Depreciation for that month has also been posted for Asset X.
Further in the month of March 2011 I have capitalised another line item in the same AUC 153 to Asset Y for Rs 9,900. But today I have realised that settlement earlier made to Asset X is wrong and I need to reverse it. I am attempting to reverse it using AIST by giving the AUC No. 153. But when I give simulate, the system is showing the reversal entry of the latest settlement document pertaining to Asset Y of Rs 9,900 and not of Asset X of Rs 7,700.
Please advise how to reverse the settlement entry of Asset X of Rs 7,700. Also how to rectify the depreciation for Asset X which was already posted during Dep Run on 31 Jan 2011.
Regards
GeminiHI
System's behaviour is correct.. When you try to reverse a settlement, the latest settlement is always reversed...
In my opinion, reverse the settlement to Asset Y 1st (9900)... Then do AIST again OR reverse the document for Asset X from AB08....
You can also try AB08 directly for Asset X, but I doubt if this will be allowed...
However, I would personally prefer to
1. Change the dep key of Asset X to 0000
2. Re run the depreciation for Jan 2011 in REPEAT mode.. This would reverse the depreciation.. If you have not executed dep for Feb 2011, do not do it till this issue is resolved... if you executed dep for Feb 2011, then execute AFAB for Feb in REPEAT mode
3. do an Asset to Asset Transfer i.e. Transfer Asset X to the desired Asset
Br, Ajay M -
Internal Orders with AUC ( Assets under construction) Config steps
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Can you send me the step by step configuration for Internal order with Asset Under Construction
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Horst -
Asset down payment reverse not possible in AA
Hi all of you,
I have one issue of AA down payment made last year and the payment was made through AAP(Automatic payment methodT-F110) and the period is closed now.
Know the check payment is to reverse but SAP would not make the reversing entre through FCH8 it give error of different financial year posting not allowed, I have tried it through FBRA and FB08 and also asset transaction reversing by T- AB08 also, but it give same error.
Kindly suggest any solution through which I can post reversal enty in current period, with out effecting the previous year.
Thankshi
as per my knowled u cant reverse document in he current fiscal year which was posted in the last year it's not sujjestable also
because u already closed all the records related to last fiscal year
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phaneendra -
Hello,
according to update profile settings invoice is posted to FM by due date.
When posting invoice reverse due date is copied into reverse document, but into FM reverse document is posted by posting date.
So I have problem, when Invoice was posted into 2008-12-30 with due date 2009-01-15. In FM it appears as commitment budget document in 2009-01-15.
Reverse document was created, and in FI it is clearly posted into 2008-12-30 with due date 2009-01-15, but in FM it appears in 2008-12-30.
Any one has any idea why update profile does not work for reverse document?
BR,
LaurasHello, Eli,
the problem is similar, but not exactly the same.
It allways creates reverse document with wrong dates for FM. And our documents are posted in FI, not MM. I've tried to delete documents from FMIFIIT, but I get error mesage for budget address which is completly different from documents I try to delete...
BR,
Lauras -
Last month I booked invoice related to building construction as a leasehold improvement to account 13003000 (asset class D30000) u2013 planned depreciation 5 years.
But within this document there was also invoiced delivery of the kitchen for new office. I do not notice it before L
According to our rules the furniture has to be booked to different account 13004013 (asset class D45000) u2013 planned depreciation 8 years.
Could you please help me how to solve this issue?
also i would like to know what is the asset number which is got depriciated for 5 years in asset class D3000
Thanks,
vaniHi Vani
Reverse the document from AB08 and post two separate docs again...
you will have to identify the Asset No from the FI doc that you posted.... With in FB03, you can see Environment > Doc Env > relationship browser
Br, Ajay M -
PDF Pages wrongly in reverse order
My Acrobat Pro Xl creates/saves PDFs with pages in reverse order -- page 1 is at the bottom, so you have to scroll down to it; the PDF opens with the last page on top. How do I make Acrobat Pro Xl create/save the PDF with the pages in the correct order?
You can use JavaScript to move the pages within the PDF. See the example in the Acrobat JS API Reference.
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Hi all,
I am facing a case where the the GI was done on 27/03/2010 but the user for changing the quantity in the document
reversed the goods issue by VL09 on 03/04/2010.The problem here is now we want the reversal to happen at 27/03/2010 and then carry out the GI with required qty.
How to reverse the G R document?
MBST t code doesn't support this as it done from VL09 T code not through Inventory Management transaction.
Please suggest some solution.
LakshmanHi Sidi
Please find the error details :
GI FOR DELIVERY CANNOT BE CANCELLED FOR THE FOLLOWING REASONS
CANCELLATION DATE 27.03.2010 IS BEFORE THE GI DATE 07.04.2010.
i checked the omsy settings its is ABp is ticked and DBp is unchecked.
thanks for help. -
Revoke Release Strategy (Reverse Steps)
Hello Experts
Please help with following revoking issue:
In Release Strategy, every release code is authorized for its own release, however revoking of release can be done by any release code available in hierarchy on above level.
Example:
Release Group: PR
Release Code: S1 (Initiator), S2 (Head1), S3 (Head2)
Release Strategy: 01
When Release Strategy 01 triggers S1, S2 & S3 release codes comes for approval in the correct order which has been configured that S1 will initially release a document, S2 will be able to release the document when it has been already released by S1, S3 will release when the document has been released by S1 & S2 respectively.
Following is the problem:
Document released by release code S3 higher authority can be REVOKED by release code S1 or S2. We want is there a way we can restrict that S2 can only revoke release when S3 has revoked the release similarly S1 can revoke the release when it has been already revoked by S3 & S2 respectively.
Regards-Amit BaliHi Amet,
The concept of the Release procedure is the Approving the external document electronicaly....(insted of manual)
as per your case...
you have set up 3 stages for approval...S1,S2 & S3...
If every thing in the document is fine, it will follow the sequece of approval as per your configuration S1 ---> S2 ---> S3...
If any one feels it is not meeting the requirement they can reject... so that it will go to PO creater for correcting the things in the PO....
and again it will follow the flow of approval .... S1 ---> S2 ---> S3...
Hope this is clear to you..
Thanks & regards
Anand -
LSMW: Wrong statistic at step File Reading
Hello all,
I'm reading files with an LSMW using IDocs (INFREC01) and I have a very weird error. The statistic of the reading is showing the following:
Records read Records written Not written
ZEINA 37950 37950 0
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As you can see, Records written is greater than records read. How could this be possible. It does not happen all the times since with fewer number of records I didn't see an issue.
If you guys have an idea on what could have caused this error, please let me know.
Thanks a lot and regards,
FranckThis could:
Total number of records fetched from file.
Total number of files written to fields:
Example: if you have a header and line item in your LSMW structure.
Based on some condition at header data you fill the item records.
So total written records may Records written at header level+ records written at item level
Regards,
A.Singh -
How to reverse depriciation posted to an asset
Dear All,
how to reverse depriciation posted to an asset,since the ependiture posted is not captial but revenue,after reversing how to delete the the asset values and reverse the purchase doc so that it can be poste das revenue expenditureHello surya
if an asset has been capitalized by "accident" we have the following options:
- change depreciation key to 0000 (this corrects the depreciation in fiscal year open in AM)
- if aquisition has been carried out in prior closed fiscal years: post a write up in current fiscal year(because you have to correct the depreciation of prior years, the dep is wrong - and maybe unauthorized) TC abzu
- now post a scrapping TC ABAVN
Now the asset history sheet and the values of the GL are correct.
What do you think about my idea?
Best regards
Horst -
Hi Users,
I am new to SAP Fi/co. My question is in Asset Accounting, suppose i have dispossed the asset wrongly. Can i get back. If yes means how can i..?
Thanks in Advance,
R K Reddy.Hi,
You can reverse an Asset Transaction by AB08.
Regards,
Jigar
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