Assets Sales

Hi,
we are uploading our legacy assets on 30/09/2008 and our financial year is april to march. Now the question is.
1. How we will treat our assets which we have sold betwneen 01st of april to 30st of sep period.
2. How we will upload the accumulated dep of these assets and upto which date.
3. How we will upload the ord dep for the current year.
4. what financial entry will be passed in the system?
please advice me how we should upload these assets. and by which t.code and by which T.code we should sales these
Regards

Could you please explain me up to which date i should take ord dep value
The same date as you fill in the table for the asset take over. When it is 31.09.2008 then the depreciation up to September.
For the asset vallue date click on the help. In AS91 it is not to important the depreciation date is based on the depreciation start date (this is only not the case when you have say in the depreciation key that the depreciation is based on days, see the help there)
When it depreciation for capitalized asset this year you can take the decission not to upload the depreciation, SAP will then post the total depreciation from this year in the first depreciation run.
Offen even in the middle of the year you can say that you take only over the not deactivated assets in your system. (then you don't have to do upload the retired assest this year).
Play with these date's in your developments system.
When I do a conversion I do first a complete test from the file and run a report up to the end of the year with the calculated depreciation, these values should be the same as in the old system or manual calculated in EXCEL. Do a test depreciation run for your first Month and then an test for the first and second month.
When for month 1 it is 1000 then 1 and 2 should be arround 200
Search on this forum to AS91 and you will found all information you need

Similar Messages

Fixed Asset Sale through SD & AA Module

Dear All,
While selling the fixed asset, carried out the following procedure. Is it correct?
In India, we need to pay excise. Due to this, the asset which is required to be sold, needs to be created as a material.
Following steps are carried out -
a) Material code created under Material Type Finished Goods with Sales View. Value of the asset which is to be sold is put in as a Standard Price.
b) For sale, created inventory of the Finished Goods ( which is created for the asset) by way of Initial upload.
Accounting Entry - Finished Goods -
Dr 25000
                               To Initial Upload -
25000
c) Now, through SD , created PGI i.e.Post Goods Issue.
Accounting Entry -
FG COGoods Manufactured -
Dr 25000
(Exp Account)
      To Finished goods               25000
d) Billing Document Created
Accounting Entry -
Customer Account -
Dr   17996.16
    To Sales Offsetting A/c                  15000
    To Cenvat Suspense                        2400
    To Cenvat Suspense                           48
    To Cenvat Suspense                           24
    To CST Payable                               524
Excise Document Created
Cenvat Suspense A/c -
Dr   2472
           To BED Payable                      2400
           To E.Cess Payable                      48
           To Hr E.Cess payable                   24
e) Now carried out Asset Accounting Transaction
    ABAON - Asset Sale Without Customer
Accounting Document created
Sales Offsetting Account -
Dr 15000
Loss on Sale of Asset            Dr   9996
Accumulated Depre               Dr         4
     To Asset Account (sold asset)               25000
I m not sure on the initial upload & FG COGM effects. Whether I carried out correct process? Whether the accounting effects are correct?
Pl help. this is very urgent
Thanks in advance,
Gov.

Rakshith,
You are using Asset Sale Clearing Account for credit istead Non-valuated material. Your the Asset is your "stock material".
please also check:
Sale Of Fixed Assets from SD
Sales Order For Asset Sale
regards

Asset sale w/o customer & Asset Scrapping

Hi All,
In a scenario,an Asset having a APC value 1000 USD and which has been depreciated by 200 USD til now .
Now in case of asset sale without revenue, we have the below accounting entries.
Asset APC Cr 1000
Acc Dep dr 200
Clearing Account P&L dr 800
In case of Asset scrapping,
Asset APC Cr 1000
Acc Dep Dr 200
Asset Scaping P&L dr 800
In both cases the P&L account is debited. So how the 1st transaction is different from the second one, from accounting prospective?
Regards
Rudra

Hi Rudra
Are you talking about Asset Sale without customer?
This is used when there is a Cash Sale.. The clearing account is later on cleared and you can post it to Cash Account
Asset Scrapping is a pure loss where you dont get anything out of sale
Br. Ajay M

Asset Sale with Retirement

Hi Gurus,
We have sold an asset to a customer. We want to retire any remaining balance of the asset. Below is the entry we have inputted in F-92:
       PK BusA   Acct                                                      PHP   Amount        Tax amnt
001 40             0000900000 Cl - Coll List                       862,724.00
002 50 0001   0000176550 Prepaid Expenses            25,564.38-                   I0
003 50            0000176550 Prepaid Expenses              8,000.00-                    I0
004 11            0000015152 Customer Name                  383,333.24-                 I0
005 50 0001 0000800125 Revenue From Asset         862,724.00-                 I0
MESSAGE: Posting is only possible with a zero balance; correct document
Kindly advise what could have been the missing entry for this one. Is there any other tcode that we can use?
Thanks,
Ellicec

Hi
1. In AO90, an asset sale account has to be specified...The field status group of this GL should be G029 or any thing which permits the field "Asset retirement"
2. In F-92, it is this account which needs to be mentioned and not the prepaid expense account
a. Enter your Customer No
b. Enter the Asset sale offset account (posting key 50)
c. Tick the field "Asset retirement" in this GL and enter the asset details to be retired
Regards
Ajay M

Tax code mandatory for Asset Sale

Hi Gurus,
In asset sale tax code need to be mandatory except zero percentage tax code. Zero percentage tax code will not be allowed.
Please help me how to proceed
Thanks,
Nandu

Hi All,
I have restricted the asset sale account by not allowing to post Taxcode with "0%" through validation. But while transfering the asset balance to Profit and loss account in the same transaction at line item 6 they dont wanted to calculate tax so they are taking '0' % tax code which my validation does not support.
Now i wanted to Gray out the tax code field at line item level. Is it possible or else please suggest me in finding the solution.
Regards,
nandu

Excise Invoice of Asset Sale

Dear All
I am having the following process for Asset sale mapped in SAP
VA41>VA01>VL01N+PGI>VF01>J1IIN
Material is maintained in J1ID with correct Material and Chapter-id combination with material type asset.
We have maintained all the required GL for Specify G/L Accounts per Excise Transaction(DLFC),But when we are creating excise invoice the correct GL are not updating
In DLFC its updating
RG23ABED instead of RG23CBED
G/L RG23AE instead of RG23CE
RG23A AT1 instead of RG23C AT1
Remember I am creating excise invoice for Asset
Please help me with the same

HI
Create Separate Sub transaction Type related to Asset
Path : SPRO->Logistics - General>Tax on Goods Movements>India>Basic Settings>Maintain Subtransaction Types
Maintain the corresponding G/L accounts in "Specify G/L Accounts per Excise Transaction"
Path: SPRO->Logistics - General>Tax on Goods Movements>India>Account Determination>Specify G/L Accounts per Excise Transaction
In the above path try to maintain G/L assignments by using Sub..Transaction Type
At the time of creating the Excise Invoice through J1IIN , select the "Sub Transaction Type"
Make sure that That material should be there in J_2IRG1BAL Table
Regards,
Prasanna

No need of the Profit/Loss account in asset sale

Hi friends,
When I sale the asset, it would be generated the below entries:
001 01       (0015006599 WIPRO LTD                )                   20,000.00 ;
002 50       (0031000040 Sales Of Assets        )                   20,000.00-
003 75       (0020000070 001042170010 0000 )                   20,000.00-
004 70       (0012000070 001042170010 0000 )                      2,000.00
005 40       (0031000040 Sales Of Assets         )                    20,000.00
006 50       (0033100010 Prof Sale Of F.Asst ;   )                      2,000.00-
But, my client wants to no need of the profit/loss of asset accounts.
User expected the below entry.
001 01       (0015006599 WIPRO LTD                  )                       20,000.00
002 50       (0031000040 Sales Of Assets          )                       20,000.00-
003 75       (0020000070 001042170010 0000    )                       20,000.00-
005 40       (0031000040 Sales Of Assets           )                       20,000.00
Please suggest the how to change the setting.
Thanks,
Chandra.
Edited by: Chandra on Nov 20, 2010 12:05 PM

Ask your user to follow a course book keeping!!!!
003 75 (0020000070 001042170010 0000 ) 20,000.00-
004 70 (0012000070 001042170010 0000 ) 2,000.00
The net Book value was 18.000
003 75 (0020000070 001042170010 0000 ) 20,000.00-
Now you post 20.000
There is still a net book value from 2.000 on the asset but it is sold!!
In your depreciation key is a period control rule there you found the basis when the depreciation stops for an asset with sales. This is working in combination with asset value date in your posting. (then perhaps the 2.000 depreciation is posted in the comming periods)

Asset Retirement: Asset Sale without customer (ABAON)

Hi Experts,
While posting Asset Retirement in ABAON, error occurs as "SYST: You can not determine the period for rule 02 to 23.03.11".
Here we are retiring 3 assets. One from one asset class & other 2 from another asset class.
for the 1st Asset Class- period ctrl. method is 006 and in T-code AFAMP, in retirement column rule for 006 is defined as 11, which means "Next Month". AND...........
for 2nd Asset class- period ctrl. method is 003 and in T-code AFAMP, in retirement column rule for 003 is defined as 02, which means "Pro Rata upto mid-period at period start date."
Now I think problem is there for 2nd asset class as rule 02 can not determine the period according to error.
Please explain the logic? What axactly system is saying? and how can I solve this issue?
Regards,
Nilesh
Edited by: NileshSB on Mar 31, 2011 6:36 AM

Hi Nilesh
Nice to know the issue has been resolved.
OAVH is used to determine the relationship between posting intervals and periods in the given fiscal year version. The assignment entries in OAVH have to be changed in the following cases:
u2022 You use period control rules you defined yourself.
u2022 You change the definition of the periods in the fiscal year version in Financial Accounting.
As you noticed, case you use a year-dependent fiscal year variant, then you have to perform OA84 to generate period controls properly.
For more information, you can refer to IMG documentation in following IMG menu path:
IMG: Asset Accounting -> Depreciation -> Valuation Methods -> Period Control -> Define Calender Assignments (OAVH) / Generate Period Controls (OA84)
Regards
George

Asset Retirement: Transaction "Asset Sale without customer" (ABAON)

Hi Experts,
While posting Asset Retirement in ABAON, error occurs as "SYST: You can not determine the period for rule 02 to 23.03.11".
Here we are retiring 3 assets. One from one asset class & other 2 from another asset class.
for the 1st Asset Class- period ctrl. method is 006 and in T-code AFAMP, in retirement column rule for 006 is defined as 11, which means "Next Month". AND...........
for 2nd Asset class- period ctrl. method is 003 and in T-code AFAMP, in retirement column rule for 003 is defined as 02, which means "Pro Rata upto mid-period at period start date."
Now I think problem is there for 2nd asset class as rule 02 can not determine the period according to error.
Please explain the logic? What axactly system is saying? and how can I solve this issue?
Regards,
Nilesh

Hi Nilesh
Nice to know the issue has been resolved.
OAVH is used to determine the relationship between posting intervals and periods in the given fiscal year version. The assignment entries in OAVH have to be changed in the following cases:
u2022 You use period control rules you defined yourself.
u2022 You change the definition of the periods in the fiscal year version in Financial Accounting.
As you noticed, case you use a year-dependent fiscal year variant, then you have to perform OA84 to generate period controls properly.
For more information, you can refer to IMG documentation in following IMG menu path:
IMG: Asset Accounting -> Depreciation -> Valuation Methods -> Period Control -> Define Calender Assignments (OAVH) / Generate Period Controls (OA84)
Regards
George

Retirement using GJT4 JVA Asset Sale

JVA transaction GJT4 allows entry of material code when selling all or part of asset. In JVSO1 only the "clearing" side of the generated entry has material code. The other JVSO1 entries do not have material code. We think something is missing in config that controls this. Does anyone know what config controls this?
Regards,
Steve

Hello,
My Problem is Solved. Closing the thread.
Regards,
Rahul Kulkarni

Raw Material and Assets want to Sales

Dear Friends
I have to sales
        1) Raw Material
         2) Assets
Please guide in Material Master Record what are data required from sales point of view and what should customisation required in Sales business Process regarding price and billing customisation.
Thanking You
Arun

On raw material sale, if the sale is from a manufacturing plant, to the best of my knowledge, the plant is not suppose to sell raw material with the same part code, according to Excise authorities. So what you can do is have a different part number with material type as HALB, extend sales views and follow normal sales process.
On Asset Sales, many times, this topic was discussed in this forum. Please go through one such thread
[How to sell an asset?   |Re: How to sell an asset?;
If the above thread does not address your requirement, please make a search in the forum.
thanks
G. Lakshmipathi

Is it possible to sell assets through a sales order

Hi,
Is it possible to sell assets through a sales order?
Kindly help me
Thanks
Supriya

Hi
The basic process are as under:
1. You need to create the asset as non valuated material
2. You need to define a pricing procedure for the sale of asset. This would enable you to create a commerical outgoing invoice as well as capture all the taxes involved.
3. You need to assign suitable revenu and tax accounts in VKOA
4. Create a Sales Order and do the billing. This should create an Accounting entry
Customer A/c Dr
     Revenue - Asset Sale Cr
     Sales Tax/Vat Payable Cr
5. You need to create an outgoing excise invoice for the asset
6. Through T Code ABAON, you need to pass an entry in Asset Accounting for Sale of Asset, with Revenue and W/o Customer. This would pass the accounting entry
Revenue - Asset Sale Dr
    Asset Account Cr
Hope this clarifies
Thanks & Best Regards
Sanil K Bhandari

Vat charge when we sale asset through asset accounting f-92

what configuration settings we need to be done to charge vat on asset sale through asset accounting f-92.

Hi Abhi
What I have seen clients doing is this:
They post F-92 to remove the assets from the assets register...Either with or without tax
Then they post VF01 with 100 discount so that VF01 posts only the Tax amount incase its not posted in F-92
Later on you can print the invoice from SD and pass it on to the customer
br, Ajay M

Sale of assets cycle

Dear all,
pl explain the procedure / steps for assets sale step by step .
Regards

Hi Venky,
please check the SAP Help Portal documentation on Fixed Asset Accounting. There is one complete chapter about the topic asset retirement. It´s explained in detail what is scrapping or selling the asset. With/without revenue, Posting of Gain or Loss, etc.
It should answer all your questions in detail.
Regards,
Markus

Sales of assets...

hi all,
i know that assets are sold in fi module. is it possible to open a sales order for an asset?

Yes we can make asset sales, provided sales view should have been maintained for the asset material code
In fact, on excise duty part, if the asset is purchased with duty paid, the same amount should be charged while selling also. If not, while selling also, it should not be charged.
thanks
G. Lakshmipathi

Assets Sales

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