Depreciation posted for the wrong asset class

Hi Experts
An asset was posted for the wrong asset class. Invoices for this asset were already posted and depreciation was posted for several months. Now we realize the mistake and want to correct it. How can we reverse the origanl documents including the depreciation and post it to the correct asset class accounts?
Thanks
Ofer

Hi Ofer,
you can transfer the depreciation to the new asset. Why you want to reverse th edepreciation?
Generally depreciation can not reversed. If you want to reverse the depreciation you can enter depr. key "0000" and make a repead run. In that case the depreciation will be reversed (posted oposite) for alle open fiscal years.
regards Bernhard

Similar Messages

Two different accounts to be posted for the same valuation class on PGI

Hi Experts,
Please note that we want to post two different accounts for the stock offset entry( based on the nature of customer ) in the transaction of PGI in SO. However the valuation class is the same as the nature of the material is same (only the nature of customers is different). We have put one of the two accounts in OBYC GBB - VAX and GBB - VAY.
Is it possible to have two offset accounts on PGI for the same valuation class.If yes, how will the system identify which one to be posted to.
Thanks in advance for answers..
KJU

hi
why not create two asset class to easily to separate two situations for two company codes? just a suggestion
or
maintain one depreciation key for asset class as a default, if for another company code, just change the depreciation key manual when creating asset master. it is not very complicate.
or
create two depreciation areas, one for each company code, then, you will have one useless depreciation for each company code -- not a resonable way
and, yes, that is the limitation of substituion in AA.
best regards, Lawrence

Depreciation posting for a particular asset

Hi,
I have a requirement to post depreciation for a particular asset.
When I run AFAB, System is showing document in test run mode, whereas in liverun mode, system is not posting the depreciation.
Could anyone of you, help me what could be the problem , why the system is not posting the depreciation for aparticular asset.
Thanks in advance
Regards
Uma

Hi
In AFAB trans. parameters for Test run sub screen remove the Test Run check box while run the depreciation then it will post.

How to accelerate the depreciation posting for the desired usefull life

Hi,
we are having issues in accelerating the depreciation on some assets, we want these assets to depreciated based on the revised usefull life
For example: if the asset CAP date is 01/01/2009 with usefull life 3 years
we change the useful life on assets from 3 years to 2.5 years (As we want this asset to fully depreciate in May 2011), how can we do with out using ABAA. these assets should be fully depreciated on the desired period as mentioned above.
We don't have smoothing turned on, but system is not calculating correctly, either it is fully depreciating the total amount earlier or later than expected period.
any help is truely appreciated.
Thanks
Smitha

Hi Ajay,
Thanks a lot for your response!
We just went live in Sept 2010 and our company doesn't want to go for unplanned depreciation option/ transfering the assets,
as in the legacy system they were able to enter the remaining usefull life on the asset and the assets were depreciating as intented.
we have given the above options but they were requesting for some other ideas.
what is the use of expaired usefull life in asset master record, we were changing the expired usefull life but it is not at all effecting the depreciation calculation.
Please advice
Thanks
Smitha

Depreciation Expense For Related Project Assets

Dear All,
I have a question, Please help.
How can I post depreciation expense from Oracle Asset to Oracle Project Costing for assets that working and assigned to Projects like equipments and Cars that assigned to project..... and we want to post their deprecation expense as burden in oracle project costing ????
++Please find the below my search conclusion in past few days.++
1- Oracle Say that "There is currently no interface between Oracle Assets and Oracle Projects which allows you to post depreciation expenses directly to projects."
2- I have non-complete idea: I have a project Segment in AFF so I can Post depreciation expense for related project assets to GL directly, with Project segment value and create Expenditure Batch in Oracle costing to manually enter depreciation expense as lump-sum in Oracle costing but it is not preferred to create Entries in Subledger Accounting and not send it to GL so my question in this work-around, Can I Create Expenditure Batch and only create Distributions 'PRC: Distribute Labor Costs' ???
And don't create rest steps "PRC: Generate Cost Accounting Events,PRC: Create Accounting, PRC: Transfer Journal Entries to GL"
Please suggest best solution or help me in my work-around, its urgent
Thanks in Advance
I Orouk

Kindly find the below case as example ---
There are 5 equipment like trucks and cars that working in project X100 so I want to show depreciation expense for the mentioned assets as Burden on the X100 Project in Oracle Project Costing Module..
Please Consider the below focal points:
1- Regarding Oracle Assets business Cycles. Oracle Assets send depreciation expense to GL directly and there is no any impact in Oracle Project Costing about Depreciation expense(for Project related assets )
2- Project X100
Project Cost = 10000 $
Depreciation Expense for the 5 equipment (Project related assets) = 1000 $
Real Project cost = Project Cost 10000 + Depreciation Expense for the 5 equipment 1000 = 11000 $
I want to show Real Project cost in Costing Module so I have to record Assets Depreciation Expense for the Project related assets in Oracle Project Costing .... Can you help me about what the best way to record Assets Depreciation Expense for the Project related assets in Oracle Project Costing and please review my suggestion about expenditure batch in 1st post
Thanks in Advance
Iorouk
Edited by: user12255659 on Jan 23, 2012 12:56 PM

Create new depreciation class for the existing asset

Dear Experts,
Please explain step by step:
1. How to create a new depreciation class for the existing asset
2. How to make a asset transfer to the new asset in the new asset class?
Thank you in advance

Hi,
The pre-requsit of creating a new assets clause :-
1. Co. code assigned to Chart of Dep.
2. Dep areas have been defined
3. GL account no. is not more than 8 digit.
The transfer of an assets within the same co code can be done thru T.code ABUMN.
Award if helpful
Sunil

Calculation of depreciation and interest for a particular asset class

Hi,
I have a problem with the calculation of depreciation and interest for a particular asset class. The assets are financial leases. The depreciation key defined is LEAS. The following are the attributes of this key:
Dep/int             phase     base met dec-bal prd cont mult lvl chn ov
Ord.depreciation     1     0011     001     006     001        5
Ord.depreciation     2     0002     001     003     003
Interest             1     0028     001     003     010
An example of an asset is:
Aquisition value: 1041552.71 (as migrated on 01.04.2007)
Ordinary dep already posted: 56243.88
Net book value: 985308.83
Scrap Value:729086.90
Useful life: 50 years
Expired useful life: 9 years 1 month
Remaining useful life: 40 years 11 months.
Depreciation start date: 28.03.1998
Interest calculation start date:30.03.1997
Depreciation calculated by the system:6261.83
Interest calculated in the year:15682.68
I'm not able to undersatnd on what basis the system calculated the interest. I will be thankful if anyone can help me resolve this. An early reply will be greatly appreciated as I'm facing major problems due to this issue.

Hi Mahesh,
As per my analysis of the case the interest rates are as under
Acq. Year                                                    Int.Percent
9999     4          01     10.%
9999     7          01     5.%
9999     25          01     2.5%
9999     999     12     01     2.5%
As per this the Acquisition value less the Scrap Value Rs.312,465.00 @ 2.5% p.a will be Rs. 7811.64.
Based on the above you analyse for which period interest is calculated.
Hope it will help.
Regards,
Vijay

Depreciation posted for wrong GL

Hi Sap experts,
My issue is "Depreciation posted for wrong GL" --(periods-4th,9th and 12)
Here my client is maintained 01for book depreciation area and 11-for IFRS depreciation area
Actually Depreciation posted as:-Depreciation a/c Dr 1000/-
Accumulated p&m Cr1000/-
Above entry appearing in 11-IFRS depreciation area,but depreciation value amount showing in 01 book dep. area.
Client requirement is dep.value has to appear in 11-IFRS depreciation area.
One solution -
-is wrongly GL assigned for IFRS in a/c determination-AO90 transaction.
Second scenario--- is how these depreciation value adjustment for IFRS for correct GL code.
Best Regards,
Thirupati,

Hi
please check in SCMO the log to the depreciation posting run, there you will see all the FI-documents created by the depreciation run.
Best Regards,
Blaz

Asset Not Posting In the GL @ Asset Retirement

Hello All,
Our client is facing a problem which is as below.
We have done retirement of an asset the steps done are follows.
1. ABAON - Sale with revenue with out customer.
The GL are updated with respect to depreciation area 01 , book dpreciation.
2.ASKB , periodic processing for the updation of depriciation area 02 - tax dpreciation.
Only the clearing account is getting updated.
The loss on sale of asset & revenue from the sale of asset GL are not updated in this case.
I have checked the configuration in AO90 and GL are perfectly assigned correctly for both the depreciation areas 01 & 02
Can any one help me in finding why its not getting posted.
Is there any steps missing in the process.
Also note depreciation posting for 01 is real time and 02 its manual yearly one. But there is some depreciation posted in earlier year so there is actual loss on sale of asset
Thanks In Advance
Arun

Hi,
My problem is last year it posted correctly , is there any relation between the posting of depreciation in Tax depreciation Area 02 at the 12th period and this error.
Should we clear the clearing accout to post into the GL
Thanks in advance
Arun R

Depreciation - Post in the Previous Year

Hi,
I am trying to post the depreciation for Jan 2010, but the system is giving the error that I need to post in the preious year first.
However when i am trying to post the depreciation for the previous year, its giving the error that previous year is closed. Can anybody help me how to resolve this issue. Thanks.
Regards,
S.Sumana.

Hello Sumana,
I have encountered similar issue in one of my clients. What you need to do to remedy the situation is that you need to open the Asset fiscal year in OAAQ and then post depreciation month wise till the current year start. For posting depreciation you also need to open the old accounting period but if there were no asset postings in previuos years then you do not have that risk of anything getting posted in books(which are already closed) in those prior fiscal years. This was from books point of view you maintain status quo.
Close the previous asset years and posting years once you are done with depreciation posting for a particular year.
After you come upto date you can run the depreciation normally in current year.
Regards,
Vijay

Fixing transactions posted with the wrong currency rate.

Looking for the best solution to fix transactions that have been posted with the wrong currency rate. Transactions with System Currency (SC) and Local Curency (LC) have been posted with the wrong exchange rate. I am looking for best practice to corect each transactions. I have noticed and tested the "Conversion Difference" feature in SBO. This feature does help me change the exchange rate between SC and LC but for an the account balance on a certain date. I am looking to change all transactions from Jan01 to Jan 31 for all GL accounts. Is there a feature to do this?? You help is greatly appreciated,

I don't think there are any options to FIX this problem by out of the box function. Because all financial transactions have been entered to the system already, you have to reverse all of them and repost those transactions with the right exchange rate. No shortcut available.
Thanks,
Gordon

Evaluation Groups for a Specific Asset class

Hi All,
After creating the new evaluation groups, is there any way out to link those eval goups with the specific asset class. Please let me know if anybody can give more inputs on this.
Thanks and regards,
S.Sumana

Hi Sumana,
Evalaution groups are defined at client level, but not asset class level.
For ex: If you have 4 asset classes. (A, B, C, and D)
There are 4 evaluation group fields are available, so activate Evl Grp field 1 for asset class A in screen layout for asset master data.
And Evl Grp field 2 for asset class B and so on...
While creating evlaution groups, there is a field called NO before evl grp key field. There if you mentain 1, then that evel grp will be available to use in EVl Grp 1 field only.
Ex: 1 ABC Test Evl grp
So you can use ABC evel grp in EVal GRp field 1 only
If you have more asset classes, then you have go with an validation rule in GGB0 in AA master data level.
Thanks,
Srinu

When I try to purchase an app using my iphone it asks me for a password for the wrong email address. How do I reset my iphone to show the correct email address/apple ID

when I try to purchase an app using my iphone it asks me for a password for the wrong email address. How do I reset my iphone to show the correct email address/apple ID

Thanks for your reply. Having read through relevant topics it suggests that if I sync my iphone with the correct account on my pc it should use that one thereafter. i will try both.

My Apple ID was changed. Yet when I try to update apps I am asked to enter the password for the old IG which will not work and no matter what I do. When I attempt to update apps it still askes for the wrong ID data.

My Apple ID was changed. It works fine on my IPad mini, my MAc and in Itunes Store, Yet when I try to update apps on my IPAD 1 I am asked to enter a password for the old ID user name which appears in the pop up window. When It still askes for the wrong ID data. I have uodated it in settings, and I have logged ontht the account to verify that it still works properly and it does. I reboot the IPAD and then attempt to update apps again but it still asked for the Old ID password and still shows the old ID username. The dame thing refuses to recognize my new Apple ID data. This is making my older IPAD unuseable.

You cannot change your Apple ID. You can get a new one if you want, but all of your Apps and media are linked to yoru old Apple ID. And no, Apple won't transfer your old ID purchases to yoru new ID.

Account posting for the GR of subcontract PO

Hi experts;
We have a special requirement about the account posting for the GR of subcontract PO, 3POP process is used here means we create the SO, PR is created automatically. then convert to PO (Account assignment 'E', subcontract PO) . Basically now when the account document is created upon GR of the PO (101 E for FGI, 543 O for Component), the posting is like below:
Itm PK CoCd Account Account short text     Amount in LC LCurr         Amount Crcy      LC2 amount Trs
    1 89 1000 792000   Finished goods inven        100.00 EUR          100.00 EUR                  BSX
    2 96 1000 191100   Goods Rcvd/Invoice R         90.00- EUR           90.00- EUR                  WRX
    3 91 1000 893010   Cost of goods sold          100.00- EUR          100.00- EUR                  BSV
    4 86 1000 417001   Purchased services           90.00 EUR           90.00 EUR                  FRL
    5 99 1000 300000   Inventory - Raw Mate         20.00- EUR           20.00- EUR                  BSX
    6 81 1000 400020   Raw materials consum         20.00 EUR           20.00 EUR                  GBB
Then the requirement is that the line item 3,4 should be combined together and 10.00- value posted. (Maybe then the transaction is BSV or PRD?)
Anybody know how to fit this gap? kindly telll me. Appreciate!
Hoping for a positive & prompt response

Hi Gaito,
Thanks! but this configuration is not the right one. This is for the different posting like below. But can't conbine BSV and FRL into together.
Posting schema without price differences:
Stock account FERT : 400 +
Stock change : 400 -
GR/IR clearing acct : 250 -
External service acct : 250 +
Compon. stock account : 100 -
Consumption account : 100 +
Posting schema with price differences:
Stock account FERT : 400 +
Stock change : 350 -
Price difference : 50 -
GR/IR clearing acct : 250 -
External service acct : 250 +
Compon. stock account : 100 -
Consumption account : 100 +
Regards
Jimmy

Depreciation posted for the wrong asset class

Similar Messages

Maybe you are looking for