Close asset without manual depreciation

currently, we have around 3000 fixed assets for one company code, we want to close asset module for this company code,
most of asset has net book value, we need to bring these asset balance to zero, any solution to close and detail steps other than manual depreciation?
if we go by manual depreciation and assign manual depreciation key to all assets, once we run afab, does all asset NBV will be zero?

hi
two options we have.
1. Scrap the all assets in ABAVN
2. Reset the companty code all the data will reset includig Master data
SpRO > Financial Accounting (New)> Asset Accounting> Preparing for Production Startup> Tools--> Reset Company Code
for selction of the best option you are right person
satish

Similar Messages

Can we close Fiscal Year for Assets without posting Depreciation?

Hi All,
My client has 11 Company Codes. During the year end activity, I closed the FY of Assets for 10 Co. codes (T.code AJAB) and 1 is pending as depreciation is not posted for some assets yet. The client wants me to close the FY for assets without posting the depreciation.
Can anyone guide me on following doubts:
1. Is it possible to Close FY for assets without posting depn?
2. If YES, then what can be the adverse consequences of it?
3. If NO, then what is the alternative reply I can give to my client?
I hope the above info. is sufficient.
Regards
Amarendra

Hi All,
Finally I got the solution. I had to do some off track adjustment which might not be allowed otherwise. After getting that confirmation from the client that:
1. They want to post zero values towards Depreciation for the year 2007 &
2. After closing the year, later on there wont be any adjustments for the closed FY 2007
When client gave me above confirmation i did following steps:
1.Note down the Current Depreciation Key of the asset
2.Change the current depreciation key to u201C0000 - No depreciation and no interestu201D (TC: AS02)
3.Close the fiscal year 2007 (TC: AJAB)
4.Change the u201COrdinary Depreciation Startu201D date to 01.04.2008 for ALL the Depreciation Areas of that asset (AS02)
5. Restore the Depreciation Keys of the assets as per the step 1 (TC: AS02)
6.Open New Fiscal Year 2009 (TC: AJRW)
So now the depreciation will be calculated from 01.04.2008 and no values are posted towards depreciation for the year 2007.
Off course in the normal course of time above solutions are useful.
Regards,
Amarendra

How to Open & Close the periods in Asset Accounting for Depreciation.

Dear All,
How to to How to Open & Close the periods in Asset Accounting for Depreciation ? Please let me know
If there is any T.Code or procedure for it.
Your help is highly appreciated.
Thanks & Regards,
Pankaj.

Dear Alex ,
1) I am facing one problem that one of my asset 123 I Capitalized on 13.09.2006 have deactivated on
14.05.2008. with value of Rs.1.00.000/- all the activities are closed down related it on deactivation date.
In 2009 a new asset 456 purchased with different value. But in T.code OARP in column cumulative acquisition
value it is showing value of Asset 123 instead of it's own capitalization value.
2 ) And about my Asset 123 it is also showing a Cumulative Acquisition value in year 2009 which it
should not display because I have already deactivated that asset. ( The same checked in AR03 )
Please help.
Your help is highly appreciated.
Regards,
Pankaj.
P.S :- Keep the discussion on for further assistance.

Reset Manual depreciation for an asset

Hi Friends,
I have posted manual depreciation to an asset for the previous period and i closed the period.
Now i realized i have posted wrong amount for the the previous month. Now i want to make it Zero and i want to post it again.
Please suggest me the possible solutions to meet this requirement ASAP.
If you feel ABZU is the solution, please let me know how to post ABZU and required configuration for it.
Thanks
Kanna

Hi Srinivas,
I tried reverse through AB08 and getting the following error. (I posted unplanned depreciation for March period using Tran type 641, which i want to reverse)
No unique header information transferred into Accounting
Message no. RW001
Diagnosis
The interface into Accounting requires:
Header data
Item data
Currency data
The header data is missing, or several items were transferred.
System Response
Processing of the data in the Accounting interface is not possible.
Procedure
This is a system error of the application which was called up.
Please help .
Thanks
Kanna

Can a premiere pro CS6 project done on a pc be opened by PPCC2014 on a mac without manually relinking every asset?

Can a premiere pro CS6 project done on a pc be opened by PP CC2014 on a mac without manually relinking every asset? Relinking would take longer for me than just recutting my colleague's footage.

Use the Project Manager to collect all of the assets on the PC. Then use that to start your editing on the Mac.

Asset Scrapping - Calculating Depreciation for entire year

Hi guys
We want to scrap an asset without revenue using ABAVN.
Asset Details:
The asset will be completely depreciated by the end of this year (December)
We have smoothing indicator on.
We wish to post the retirement and close out the asset balances in this month itself.
(No depreciation should be pending for the remaining periods of the year)
When we post the retirement transaction in test environment, it still shows the planned depreciation for the entire year.
How do we avoid the planned depreciation posting for future periods ?
Thanks!
Gautam

Perhaps, the following might be a solution that can be implemented safely in a production setup:
Objective: To post retirement related depreciation in a single period without smoothing over the remaining periods.
Solution:
Perform standard depreciation posting run for current period
Turn Smoothing Indicator Off
Write Off Asset
Run Repeat Depreciation Posting Run (select Repeat Posting Run instead of planned and also input the retired asset number)
Turn Smoothing Indicator back on
This should post the complete depreciation in the current period for the retired asset and smooth out the depreciation for all remaining assets

Manual depreciation and Planned but not posted depreciation forwarded

HI Expert,
We would like to request for Product Enhancement for Fixed Asset Module due to the inconsistency in the computation for the following:
u2022 The planned and un-posted depreciation is already considered as confirm transaction when they compute for the accumulated depreciation to be forwarded next year (as well as net book value beg for next year)
u2022 But as for the no of months (remaining life) u2013 it will only consider the no of posted months when they compute for remaining life of the asset
The current feature of SAP affecting our enhancement request is as follows
1) Manual depreciation is currently validates manual depreciation based on Planned depreciation instead of Posted depreciation
2) Remaining life computation for next year depreciation is based on posted transaction only
3) When user wants to fully depreciate the asset, we cannot post depreciation based on remaining un-posted depreciation using manual depreciation
Based on this feature we want to request for the following enhancement
1) For the remaining un-posted depreciation (especially if the previous year is already close), we should be able to choose which month we want to post the un-posted depreciation
2) Since the remaining life computation is based on posted depreciation only, 1) the validation and 2) the net book value forwarded next year should also be based on posted depreciation
We have a sample computation based on current feature VS the suggested computation for SAP. Is there any way for us to import the file here at the forum? We will wait for your advice
Regards,
Amy

Dear Kyriakos,
is this prior year closed in FI-AA already? If so, how were you able to close this fiscal year? This should be found as error by the fiscal year close report.
If the prior fiscal year is not closed, then you can either change the depreciation key to a non-calculating one (e.g. 0000) or set a shutdown indicator for the complete fiscal year. This should reduce the planned depreciation to zero. No posting or G/L entry is necessary therefor.
If the prior fiscal year should be already closed in FI-AA (still I would be wondering how you did that), you could use the solution provided in [SAP Note 29694|https://service.sap.com/sap/support/notes/29694].
Hope this helps,
Markus

Without run depreciation they have closed fiscal years

Hi all
In my development system without Depreciation Run they have closed fical years.
They did not run depreciation from 2003 and 02 period.
present fiscal year is 2007.
How can go back and how can i run depreciation from 2003. Please tell me clearly.
It is very urgent.
Thanks in advance.
Krishna

Hi,
as far i know,
you cannot close fiscal year without running depreciation until period 12.
you said that your present fiscal year is 2007? is it FI Fiscal Year or Asset Fiscal Year?
If 2007 is FI fiscal year and your Asset fiscal year is 2003 then you want to run the depreciation for 2003, You must open FI fiscal year for 2003 until 2007. Use t-code : OB52 to open FI fiscal year.
You can check the last closed fiscal year for ASSET in t-code : OAAQ.
Hope it can help.

How to do the Manual Depreciation for Closed Fisical Year (2009) in Feb2010

Hi Experts,
One Asset Start Using from 30.06.09.
Capitalized Date is 30.06.09.
But Asset (invoice) is Created, First Acquisition Date is 31.01.10.
Manually Entered the Depreciation Date is 30.06.09.
now i have to run the depreciation previous year (7months) depreciation.
Asset 2009 fiscal year is closed.
system posted the jan 2010 dep.
How can i post the depreciation ?
Thanks in Advance.
Edited by: 69veera on Feb 24, 2010 8:00 AM

Hi
Try OAAQ to open the previous year and then using ABMA post manual depreciation. Also the FI period has to be open in OB52
Thank You,

Depreciate the assets in the depreciation area 15 (taxes) only

I need continue with the obsolete asset depreciation, so, I need those assets are not depreciated on areas 01, 02, 03, just need depreciate in area 15(taxes) for report purposes only,
we tried to lock the depreciation on 01, 02 and 03 areas by changing the depreciation key to 0000,
and it worked.. but dont know how depreciate the area 15....because when the AFAB is run, the asset doesnt appear there...we could made the depreciation on area 15 in a manual way only
in other words
I have already setup area 15 for taxes only with no update to G/L. I also set my asset with 0000 dep key for areas 01 and 03 and LINI to area 15. But when I run AFAB, I was expecting to see my asset depreciating for area 15 only, but it didn't show up in the output list. do you know how can I depreciate only area 15 (taxes) ? Is there a place to set AFAB transaction to consider area 15 in the depreciation? ...

I have already setup area 15 for taxes only with no update to G/L.
If you have disabled your depr area to post it to GL how can you expect to see it in AFAB run. This looks like a notional area for Tax depreciation. Why dont you run Tax depreciation report and get your depreciation values from there... Check your business scenario if Area 15 is suppose to post to GL or not and configure accordingly.

Capitalize asset without posting to accounts

Dear all,
We have a scenario, where we like to capitlaze asset in Tax depreciation area (which is not relevent for Posting to accounts) and in the book depreciation area, we need to expense it out.
Please provide your valuable inputs to deal this scenario.
i have tried creating Transaction type limiting to Tax Depreciation area, but finally not able to find a way to capitalize a asset without positing to accounts and capiltalizing only in Tax Derpeciation area.
Regards,
Srinivas

Hi Srinu
Thats not the right way of doing it...
Still if you want to achieve that -
1. Un-tick the "Identical values" button in Dep Area Definition.. You might have currently set up Dep Area 15 to adopt values from Area 01
2. Create a new tr type (Copy of 100) and restrict it to Tax dep area, as you did
3. Now, execute T code ABSO with this trans type....
But, I repeat again, the solution I gave earlier is the std way of doing it...
Regards
Ajay M

Fixed Assets: Changing Category, Depreciation, life

hi
i have an requirement where we need to change asset category, depreciation method, no depreciation and life(1 month). And want to make total depreciation to zero.
Ex:
Asset#A1 already depreciated some amount.
Original category X and degault rules are set to Depreciable.
Defined to new category Y and associate default rules to all CORP and TAX books to not depreciate.
Changed from category X to Y
Now after reclassification, it is depreciating entire amount of the asset and posting to current open period. As the reclassification does not default the new category depreciation flag, it is depreciating entire fixed asset cost immediately. I didn't run depreciation.
Now how do i change YTD depreciation to zero?
Thanks in advance for all your suggestions.....
Need it immediately.....

Hmm, did you not test this out in a test environment first before doing this in production? Can you be specific on the choices that you made when you changed this asset? Maybe you chose to expense the adjustment in the current period rather than to amortize? Because you originally had it in a depreciable status, then changing it to new financial information, looks like it is choosing to expense the remaining asset cost immediately (which is why you are getting depreciation without having run depreciation). You may need to contact Oracle support at this point to find out how to best recover from this. Though if just one asset, you can just do a journal entry to reverse the depreciation. Then you would want to contact support to find out what is the best way in the future to make this kind of change. The documentation unfortunately does not address the kind of change you were making here. Doe show that it is important to get the depreciation setup correct before activating an asset.
John Dickey

Difference between Unplanned depreciation and Manual depreciation

Hi Experts,
Any body tell me what is difference between Unplanned deprecation and Manual deprecation in Asset accounting.
Reg,
Raj.

Hi,
First of all an asset will have dep keys.
These dep keys have the control for calculating the automatic depreciation.
If you maintain a a normal dep key, this will automatically forecast the depreciation for the open FYs.
Apart from the above planned ordinary depreciation, you can post unplanned depreciation also, if any unforeseen conditions happen.
For ex: on 31.08.2009 your asset's NBV is 5000 (after aug dep run also), but if you feel that (client) this asset's value is further down according to the current market value, you can pass a unplannned depreciation (ABAA) for an amount of 100. So with this transaction your asset's NBV as on 31.08.2009 will become 4900.
by passing ABAA, system will not post any accounting doc, since it creates and AA internal document. So you need to do a repeat dep run for the aug period, then the system will check the asset for any unposted planned/unplanned depreciations to it. So at this point system will pass that amount to accounting
But where as manual depreciation is concerned...
you cannot post any unplanned dep to an asset, which is having dep key, that does not forecast planned dep values for the open FY.
dep key MANU is the standard dep key, which will not forecast any planned dep to it.
Check the above said standard dep key for credentials of it.
Hope you understand...
Thanks,
Srinu

How to draw custom line in crystal report without manually entering value?

Hi,
I have a bubble chart and want to represent custom lines one in x-axis and one in y-axis at the value arrived based upon an internal calculation.There is an option to manually enter value for custom line.
But i want to generate custom line at runtime without manually entering it.
Can somebody help out?
Regards,
Felix

Not sure what this has to do with Database Connectivity?
Moved it to the Report Designer forum. If you are using code then specify what Report engine and version you are using and we can move it again.

Can we build equity and acquire assets without banks while rebuilding credit??

Hi.Thank you for taking a look at my post. I hope we can help each other. I have 3 goals for this post. 1 - to reach out to this community for opinions, leads, and hopefully contact info for private lenders who really do lend based on the asset and not focus on our marred credit. 2 - maybe members (and of course me) can find someone else on this site who is/are in similar situations and can put resources together to start making lots of money without the banks. 3 - just being honest...I simply need to vent my frustrations in a safe environment where I'm sure there are others who can relate :-) I am getting back into real estate fix & flip, rehab after several years of life altering events and recuperating from personal injuries. I am not an agent or anything like that. I'm just really good at finding and negotiating awesome deals that I end up having to flip. I've worked my butt off to save and purchased one here and there but I need to find funding to get to the next level. I joined this site because my credit is in repair and I'm working the information I read about in this forum. Having gone from a high level of success to wondering how I was going to get from the bedroom to the bathroom, I feel like this is the one place I can trust to put myself out there and get meaningful, non-judgmental peer-peer responses with solid pertinent information. Hence why I could use some opinions and hope to get some leads on lenders that might help me out. With several properties under contract, I'll have to flip to other buyers at discounted values if I can't find a lender. I've spoken with about 20 lenders who claim they are "private", "hard money", "Asset-based" commercial loans, investor driven, bad credit, blah...blah...blah...only to find out they really are just like dealing with a bank. I am not claiming to have great credit and I realize on paper I look pretty weak. However, the whole time they are making claims they are not credit driven...what do you think the first thing they want is...yup...credit scores! Even though the numbers of the asset are very strong and purchased in an LLC. They all require full doc personal financials...the whole time they are saying they don't really judge you on credit....RIGHT! While these "direct lenders" and "private money lenders" may not have to work under the federal bank lending regulations, THEY are not interested in anyone who doesn't meet THEIR rigid requirements. Which in reality are exactly the same as the regular banks. I have yet to find one lender that truly bases their decisions on the property asset without pulling credit, bank statements, etc. They all will only lend a portion of what is needed (50 -75% LTV or LTC )based on the lowest value they can determine (Purchase price or appraisal which ever is lower) which means they have essentially no risk and the investor has to bring in a lot of cash. No difference. They are essentially all the same and just boast about being different. This is all fine if that is how they run their business. I am the last to judge them for that. However, I am tired of wasting my time talking to company after company making these claims but really won't put their money where their mouth is!! I have also looked into a lot of the sites for peer-peer funding. In general they are all fantastic and serve a great purpose. Especially for kids and fundraising purposes. But I'm working on a business. On those sites, you really have to put your self out there on the front line and air your dirty laundry to the world in order to participate. I realize I could do that and tell my sad story and why I want people to invest in me and my project. Frankly, maybe I'm too proud or going about this all wrong but I'm just not ready to post my story to the world and ask my friends and family for handouts. I don't want people feeling sorry for me or my name all over the internet telling people my credit sucks (even though it isn't that bad now). Let's be honest - who posts on a peer-peer funding site for their own benefit if you have your financial life in order!! That said, I'm sure none of us would be on this site if we didn't have or have had financial turmoil in our lives. Who cares why.. it happens. Hopefully, we all realize that is not what defines us as people and we can all achieve our dreams like any one else. It just might take longer, or a bit more work. You get the picture. So I thought, what if others on this site are experiencing the same things. Do you feel like you are missing out on opportunities to make your money grow? Maybe you have improved your credit but don't have enough cash to get a loan. Maybe you can't get a loan because of credit but you have cash. Maybe you can't get a bank account and are missing out on investment opportunities because your money is sitting under your mattress. Seems to me people on this sight are all focused on the same thing and have the best interests of others in sight. We also have this fantastic forum to discuss our money issues and glean insight and information from others that helps us improve our situations. I'm wondering if we could partner up our strengths and find ways to benefit by working together with other like minded members. You thoughts are of great value. Please post.

Are you debt free? Do you have any cash to throw into this? If no... what about subbing out under someone else or getting in GCing or Foreman for a bigger company while you cleanup your personal finances? Real estate is AWESOME, but if you can't cashflow at least a good chunk of it, you can get in a pretty scary spot... What kind of assets do you have? Could you flip your own home and use those monies to invest in your next flip and live as cheap as possible through a few flips until you have a good bit of cash built up?

Close asset without manual depreciation

Similar Messages

Maybe you are looking for