Assigning Asset Recon GL 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..

You assign asset GL accounts in AO90 like acquisition, accumulated dep, dep expense, loss on disposal etc.... it's per account determination which is assigned to your asset class.

Similar Messages

Assigning Asset Number as Account Assignment Object in Depreciation Run

Hi,
We want to assign Asset Number along with Cost Center as an additional Account Assignment Object in our Depreciation Run. For this we have maintained Asset as an active object and assigned it to the Depreciation Area 01 and activated it for all Transaction type "*".
However, when we see the FI Document Posting, we get Cost Center number from the Asset Master record posted to Depreciation account but a "*" comes in the field of Asset Number in the FI Document? Is it possible to have asset number also in the FI document?
regards,
Chintan Shah

Hi
Thats standard behaviour
Its not possible because, one consolidated document is posted in FI for lots of assets.. The posting happens in a batch mode.. thats why, the Asset No is displayed as *
For Asset wise depreciation reports, you can see reports like S_P99_41000192 - Posted depreciation by asset and posting period and S_ALR_87010175 - Posted depreciation, related to cost centers
Br, Ajay M

Asset recon account

hi,
hope to get advice by point form.
1 may i know why acquisition account and accumulated depreciation account is reconciliation account?
does it mean both of them is reported in GL whereas the asset is in asset module just like customer number sitting in AR and customer recon account sitting in GL?
2 may i know why accumulated depreciation account is a reconciliation account? i know that depreciation account is p&l but why accumulated depreciation account is a recon account?
thanks

Hi,
Asset acquisition is similar to customer/vendor in the way that it really does not matter what is the actual asset you are buying as far as finance is concerned. As long as depreciation is going to be similar, all the assets in that depreciation bracket can be grouped together. Hence at the ledger level it is just 1 balance sheet account for similar kind of assets. Hence asset acquisition account is a balance sheet account/recon account and this is assigned to the asset.
Similarly cumulative depreciation is a provision for depreciation account and also it is the depreciation for the total life period of the asset. Hence it cannot be P/L account as it will include all the fiscal years and is not just an expense. It is a liability. Hence it is a balance sheet account. Moreover similar to acqusisition account it can be common for all similar kind of assets. Hence it is an asset recon account.
Regards,
Ravi

ERROR WHILE POSTING MIRO FOR MULTIPLE ACCOUNT ASSIGNMENT (ASSET)

Hi Guys,
We created a PO for asset with multiple account assignment. And we immediately do IR instead of GR.
While doing IR it is giving error
1) Quantity delivered is zero - Warning message
2) Account 245350 requires a Transaction Type or is Invalid - Error message
what may be the problem. how can we eliminate and post it
Regards
palani

Hi,
I would assume the G/L account you used was not properly set up. Did you get the same problem if you try to change to another G/L account? Perhaps, get your FI specialist to look into this G/L account-related error and verify it.
Cheers,
HT

Error:"Transaction type is not valid in GL Account(Asset Recon)",MIRO

Hi,
We are getting an error "Transaction type is valid in GL Account XXXX" while posting invoice through MIRO. This GL account is Asset recon. account.The PO is created for asset aquisition for a quantity of 9.
Initially GR was done for 9 but IR was created for 8.
Later when we tried to post invoice for 1, we are getting this error.
Can anybody tell me the probable reason behind this error?
Thanks,
Mano.

Hi Mano,
could you please give me the code of the error message.
regards Bernhard

Assets used in account assignment

Hi,
Pl let me know about Assets used in account assignment. Pl let me know the complete cycle with and How it works?
Tx
Uts

Hi,
1.Create asset master from AS01....
2.Make Po --> With account assignement Assest > Define the req. details in next window> Define other details in PO like qty, short text etc...Save Po
3. Release Po...
4. Then Make GR from MIGO --> with respect to PO --> ENter you PO doc no.. --> Check mvt type --> Check GR --> ok indicator ---> save it
5.Make IR from MIRO---> Against PO ...if req. from GR then enter respective doc number --> Execute --> Check it ..make necesasry changes ---> item ok indicator --> check and save...
6.See the Accounting doc..in the dispaly view...in doc info..at invoice doc header...
See posting in the accounts..
Hope it helps...
Regards
Priyanka.P
AWARD IF HELPFULL

What is the difference between Recon. Account and Alternative Recon. Accoun

hi
any body please tell me . What is the difference between Recon. Account and Alternative Recon. Account.

Hello sairama,
Reconciliation account- For each subledger account , you must keep at least one reconciliation account in the general ledger. When you post to an account in the subledger, the system automatically posts to the corresponding reconciliation account. The "Receivables from goods and services" account is an example of a reconciliation account for customers. Enter Customer in the Reconciliation account for account type field. Enter a Vendor in this field for a vendor reconciliation account. Using the reconciliation account procedure, it is possible to create a balance sheet and a profit and loss statement at any time, since the amounts posted to subledger accounts are also posted automatically in the general ledger.
During regular reconciliation, you check whether the balance of the reconciliation account matches the balance of the corresponding subledger account.
You define reconciliation accounts by specifying in the G/L account master record the account type (such as fixed assets, vendor or customer) for which the account is to be used. In this way, the account can only be assigned to accounts in the corresponding subledger. You set the assignment of the subledger account to a reconciliation account in the master record of the subledger account. You cannot post to reconciliation accounts manually .
============================================================
Alternative Reconciliation account- Special G/L transactions are identified by a special G/L indicator. The system uses the specifications (posting key and special G/L indicator) to determine the alternative reconciliation account.
When you post a special G/L transaction, the system does not post to the normal reconciliation accounts but instead automatically to alternative accounts, that is, special G/L accounts. Consequently, you do not transfer the balances of these accounts either. Instead, the system posts to the appropriate accounts automatically when the open items are transferred.
Hope I had been able to help you. Please assign points.
Rgds
Manish

Asset Recon GL changes

Hi SAP Experts,
We have a sceanrio where Asset Recon GL has some amount against PO. These balances were there from 2012, now client has identified these should not be there, so when MM team try to reverse entry system ask for cost object for Asset GL. We understand this error is because GL is asset recon GL so it will not allow to reverse. As per my understand we are trying to make Asset GL zero(by passign adjustment entry) change the recon from asset to blank reverse the PO & reverse adjustment entry to nullify the effect.
I have checked the SAP note 69225 wherein I have made posting to Asset GL & now when I try to change GL master recon from Asset to "Blank" I am getting an error "Modifications to reconciliation account not permitted, The data contains error, you cannot save"
Could you please help me to resolve this..or could you please suggest me work around.

Hi Harsh K,
1. Have you tried using AB08 to reverse the original posting? See this thread on AB08 What is the use of AB08 ?
2. Can you confirm that the DE03 is assigned to a Chart of Depreciation (OAOB)? If it isn't, it wont appear in OAMK. A GL can be assigned as an asset recon account without the company being assigned to a chart of depreciation.
3. Have you verified the amounts in the asset sub-ledger and in FI both = 0?
Good luck,
KF

Asset issue 'Expense account for ord. dep. below zero' could not be found

Hi All
During asset depreciation run system prompt error message as u2018Account 'Expense account for ord. dep. below zero' could not be foundu2019 to avoid this we have retired the asset with scrapping after that we have executed the asset depreciation, system prompt the same error message.
To avoid the below configuration due to the reason we have retired the asset.
Financial Accounting - Asset accounting - Integration with the General Ledger - Assign G/L Accounts.
Can you please explain briefly?

without doing any configuration setup is it possible to rectify the error message. Please explain asset retirement with scrap had done on last year, asset depreciation running in current year, why the above error message is showing, please clarify.

Asset and Inventory accounts

Experts,
Is there anyway you can clear these accounts or post to these accounts? - I understand that these are recon accounts and cannot be directly posted to. I am looking for a way to clear these recon accounts like for AR and AP ( Sub Ledger) accounts, we can clear them by vendor/customer # - Is there anyway we can clear these recon accounts i.e for Asset and Inventory. If so, what's the T Code?
All answers would be duly rewarded with points.
Thanks,
Nandita

Nimit,
I was just giving an example of how we can clear AR and AP accounts(F-04 or F-44) - AR and AP accounts have nothing to do with Inventory and Asset accounts in our scenario. So is there anyway we can clear Asset and Inventory accounts in SAP ?
The reason i am saying this is i need to clear the balance of all accounts in a Co Cd using a clearing account - When i am saying all accounts, i am talking about all accounts including sub ledger accounts - AP, AR, Inventory and Sub Ledger.
AP and AR - i can take care of this by using vendor and customer number, as i cannot clear them by their accounts... However how do i do it for asset and inventory accounts ? Is there a way and if so how - tcode?
Thanks,
Nandita

Assign asset class to company code

Hi All
Where to assign asset class to particular company code.
Thanx in advance
prasad

Hi,
1. IMG-FA-Asset Acc-Account Class
- Specify Account Determination
-Create Screen layout rules
-Define no range
-Define asset class
2. IMG-FA-Asset Acc-Integration of asset acc and GL
-assign GL acc
regards,
Sridevi
<i><b>Award points, if useful</b></i>

Report as per Customer Account Assignment group or Material Account Assig

Hi,
I require report as per customer account assignment group or material account assignment group.
Can you please tell me how to fullfill this requiremetn.
I have go for ZReport or any standard report is available.
Regards,
ch.srinivas

Hi,
You could have gone for a query but unfortunately,you cannot use table TSTMT in a query so I think ZREPORT would be a better option.
Regards
Karan

My printer (LaserJet CP1525na) was assigned to an old account. Can it be reset to a new one?

I have a LaserJet CP1525nw that was previously assigned to a different account for eprint. That information is lost to me now. How can I get the printer to be recognized by a new account so that I can continue to use the eprint feature?

Hello Mark0154,
That's fine if the printer was assigned to another account then the only thing that you will have to do is setup ePrint again. I am linking you to a video that walks you through process of setting up ePrint. I would skip to the 3:40 mark in the video. If ePrint is already enable on your printer disable it and then go back in and reenable ePrint this will make your printer print a new printer code so you can setup a new custom ePrint email address.
Let me know how it goes.

New-GL-how to assign the zero balance accounts to scenarios

Dear Experts
Please help me how/where to assign the zero balance accounts to scenarios.
Standard functionality supports: Profit Center derication as mentioned below:
Derivation based on master data--If the line item contains a cost object, the profit center in the master data of the cost object is used.
Derivation based on product category
Derivation based on organizational structure
Derivation based on document splitting - For line items in the Accounts Payable, Accounts Receivable, Cash, and Taxes sub-ledgers, a profit center is only derived if you are using profit center segment accounting with clearing or with balancing. For journal entries, document splitting is always performed for the line items in these sub-ledgers after the other line items have been created.we are concerned abt the 1st scenario & 4
Default profit center-FAGL3KEH -If no profit center could be determined based on the product category, organizational structure, or document splitting, the standard profit center we specified when configuring the corresponding ledger is used.
But I am looking for a specific requirement to configure the Zero balance clearing account to the scenarios.
Thanks
Rama

That information will not be any use.
You can carry forward any number of times - the last should be after closing of previous years accounts.
Hope it is clear.

Assigning of g/l account for user defined field

IN the sales invoice i am creating the user difined field
for manual tax( i.e manual tax the customer how much tax amount he will give that much amount he will feed in that field )in the row level and i want to assign the g/l account for that user defined field
please explian what is the procedure
Edited by: Philip Eller on May 23, 2008 10:11 AM

Hi,
Do you want the G/L account input automatically or manually ? if manually try to use this query FMS:
SELECT T0.[AcctCode], T0.[AcctName] FROM OACT T0
In the UDF, just press shift+F2 and select the account code you want to input.
Rgds,

Assigning Asset Recon GL Account

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