Error in Asset Master Creation for Low Value assets
Hi,
I am trying to create an asset under the asset class Low value asset. while saving the asset the system delivers the following Error:
01 Book depreciation
E614 Low value asset max.amount exceeded. No posting allowed
02 Special tax depreciation for APC in fin.statement
E614 Low value asset max.amount exceeded. No posting allowed
I am using the standard Depreciation Key "GWG" But when i change the depreciation key the system allows me to save the asset. Please guide me how to fix this and why system is giving this error.
Regards,
I suppose you need to check your configuration of Low Value Assets for each
depreciation area.
But before that, please tell me which class of Assets you are using ......Is
it the *LVA Class 5000 ( individual management )* or* 5001 ( collective
management)*. Either way, you need to assign a maximum value / maximum value
over quantity, as the case may be. Unless and until you furnish a value cap,
the asset class does not permit you to create asset master records.
Please look into your IMG under the path:
*IMG -> Financial Accounting -> Asset Accounting -> Valuation ->Amount
Specifications(Company Code / Depreciation Area) ->
Specify Maximum Amount for LVA + Asset Classes*
You would see two activities listed.
Under *Activity 1*, you need to select and assign value check (*represented
by number 1*) if you are using *LVA Class 5000* ; alternatively, you need
to select and assign Check Maximum Amount with Quantity (*represented by
number 2*) if you are using *LVA class 5001*.
You need to do this for each depreciation area you wish to apply this value
cap to and save (using the floppy icon and look out for the confirmatory
message at the bottom left of your screen).
Under *Activity 2,* You need to furnish a value cap ( a ceiling in monetary
units, currency-specifically) for each depreciation area ( a column for
document value and another for Purchase order value ( possibly to
accommodate any tax, as applicable). Please make sure that you do it for
your company code and for each depreciation area wherein you want to control
using a value cap.
Save and look for the confirmatory message at the bottom left of the screen.
Regards,
Bharti
Similar Messages
-
While creating PO for Low value assets error
Hi Seniors,
When user creating PO for low value assets ,system throwing error as
u201CMaximum Low value amount exceeded in the case of at least one asset .u201D
Details about this issue:
1.User creating ONE PO for 8 assets as 8 line items, each line item
value below 5,000 only.
2.In this year only they created 8 new asset master records with ref to
Particular asset class(below 5,000) asset class.
3.Non Taxable item P0 (p zero).
Checked:
1. checked at AW01N, no values in each asset.
In configuration:
2. at OAYK Specify amount for Low value assets,
Value is 5,000 rs
3. at OAY2 selected option is u201CCheck maximum amount with qtyu201D
I created POu2019S for below 2 options
1 Value based maximum amount check
2 Check maximum amount with quantity
But same error.
Note:
In development server i created some POu2019s like user creating in
Production server but no error in Dev server,
Plz guide me.
Thanks in advanceHi,
I think you are using a single asset master record in all your line items in the PO.
If you use individual asset master record for each line item in the PO, you issue might solve.
Post again for further queries.
Thanks,
Srinu. -
Required G?L accounts for Low Value Assets configuration
Hi Experts,
Please suggest me, what are the required G/L accounts for FI-AA integration i.e OAOA for Low Value assets.
Waiting for the reply.
Regards,
Vani.Hi Vani,
You need to assign separate GL accounts for LVA if you intend to create them as a separate class with different account determination,screen layout etc.
Otherwise the same GL accounts that have been assigned to the regular Asset classes, can be used for the flow of data relating to APC value of LVA and the depreciaiton.
Hope I have given the required info.
Regards
Phani -
Config steps for low value assets
could any one provide me the config steps for low value assets.
regards
RamanaHi Ramana..
there is diff in config for LVA from others..all it differs is the Dpe. Key.
LVA depreciates completely in the same year as Acquired
let me knwo if u need anything else
regards -
Full depreciation for low value assets
Hi Gurus,
How to set up depreciation key of low value assets to get asset fully depreciated irrespective of depreciation start date.
For example :
Asset No : xxxxxxx xx
APC : 5000 INR
Dep. Key : xxx (100% Depreciation)
O.Dep.Start Date : 14/05/2006
In the above case depreciation was calculated only for 322 days
But I need to calculate depreciation for 365 days ie 100%.
Please advice.
Best regards
Raja Manhoharan V.S.There is a standard depreciation key with description LVA 100%. i am not sure if dep key is GWG or something else.
-
Order settlement for Low value asset
Dear all,
In Global company the depreciation area 01 is where depreciation for USGAAP is calculated. The depreciation are 30 is where the BRGAAP depreciation is calculated.
When I need to buy an asset I create the asset, create an internal order, assign the internal order to a Purchase order and after invoice receiving I settle the internal order. The internal order already created in it settlement rule have one AUC and the asset created in the first step;
The problem is there are some assets that for BRGAAP they depreciate but for USGAAP they are expense. If I deactivate the depreciation area 01 when I run Ko88 to settle the order the system issues the error message "Error during acquisition transfer: Depr. area does not exist". Of Course this area is deactivated.
My question is How is the solution when I don't want to have the depreciation of depreciation area 01 but I want to have the postings of other depreciation areas ? Can I have a specific asset class different of the others depreciation areas where I can have only my BRGAAP ? How ?
RegardsHi,
To do this, use transaction code OAYZ. In there, for the asset class and depreciation area where you do not want dep posting to happen, select the depreciation key "0000". The depreciation will not be calculated.
Cheers. -
Posting for Low Value Assets (LVA)
Hi All,
Can any one suggest the solution, Assets having value of less than Rs.5000/- (LVA) has to be written off keeping only 5% of the value.
Waiting for the reply?
Regards
UMHi UM,
You can post using T/code: ANHAL: Cutt Off value and OAYI: Memo Value
Regards
PKG -
Configuration of Low value assets
Dear All,
I have created a seperate asset class for low value assets. Assigned value based maximum amount check in depriciation area and maximum limit in asset class for low value asstes.
Stlii, when I am creating asset through AS01 for low value asset class, it s creating assets for greater values also.
Kindly suggest
SwatiHi Swati,
By Low value Assets it is meant that if the Value of the Asset at the time of F-90 is equal to or less than the amount specified in configuration, provided the corresponding LVA indicator is set in the asset class.
If the amount that you are trying to capitalize is more than the amount specified.. system will stop you in F-90. It does not stop you from creating an Asset Master record, because while creating a master record we do not have values of the Asset.
Regards,
SAPFICO -
hi,
pls tell me about the 'what is meant by low value asset&configuration settingLow Value Asset means Asset which have a little value.
In General, LVA are fully depreciated in the year of purchased or in the period of the acquisition.
This can be achieved (the configuration setting) by using the special depreciation key = GWG and the expected useful life of one month (period) .
GWG is SAP standard Depreciation key. So you do not need to configure anything.
You can use the depreciation key directly in your asset master data.
You also can set the maximum amount for the value asset (this is optional configuration) using :
IMG -> Financial Accounting -> Asset Accounting -> Valuation -> Amount
Specifications (Company Code/Depreciation Area) -> Specify Max. Amount
+for Low-Value Assets + Asset Classes+
Hope you get clear with the LVA now. -
Dear SAP experts,
I have a scenario with my company where we have different amount for LVA by category. For example, say Maximum amount for LVA for Software is 4000, furniture 10000 and office equipment 5000.
The system will allow me to define three LVA asset classes each for software, furnHi,
You can set this through the following path:
IMG -> Financial accounting -> Asset Accounting -> Valuation -> Specify Max.amount for low value assets + asset classes.
In this select- Specify LVA asset classes.
Under this you can specify maximum amount as per asset classes and depreciation area too.
Hope this solves your issue.
Regards,
Imran M Arab
Edited by: Imran Arab on Jan 11, 2011 10:34 AM -
Dear All,
I have to Configure Low value assets for my Client.
Pls tell me the Process for Low value assets configuration.
I have given the Value of assets in OAYK but Pls tell me that whether I need to Create Separate Assets Class for Low value assets.
Useful Points will be awarded.
Thanks,
PankajHi,
betetr to cretae alaways separate asset class for Low Value Assets.
then follow the configuration steps as mentioned below.
SPRO-IMG- Financial accounting-asset accounting-valuation---
amount specification.
1. OAY2-here you select what are all your low value asset clases.
2.OAYK.-here you select teh low value assets maximum amount
3
chandra -
Error in Asset Master Creation
In Asset Master Creation an error occured that is
CUSTOMIZING INCONSISTENCY MISSING/INCORRECT IN TABLE NO T093B
Waiting for u r early reply
venky
Edited by: venky venky on Jul 11, 2008 2:53 PMI suppose you need to check your configuration of Low Value Assets for each
depreciation area.
But before that, please tell me which class of Assets you are using ......Is
it the *LVA Class 5000 ( individual management )* or* 5001 ( collective
management)*. Either way, you need to assign a maximum value / maximum value
over quantity, as the case may be. Unless and until you furnish a value cap,
the asset class does not permit you to create asset master records.
Please look into your IMG under the path:
*IMG -> Financial Accounting -> Asset Accounting -> Valuation ->Amount
Specifications(Company Code / Depreciation Area) ->
Specify Maximum Amount for LVA + Asset Classes*
You would see two activities listed.
Under *Activity 1*, you need to select and assign value check (*represented
by number 1*) if you are using *LVA Class 5000* ; alternatively, you need
to select and assign Check Maximum Amount with Quantity (*represented by
number 2*) if you are using *LVA class 5001*.
You need to do this for each depreciation area you wish to apply this value
cap to and save (using the floppy icon and look out for the confirmatory
message at the bottom left of your screen).
Under *Activity 2,* You need to furnish a value cap ( a ceiling in monetary
units, currency-specifically) for each depreciation area ( a column for
document value and another for Purchase order value ( possibly to
accommodate any tax, as applicable). Please make sure that you do it for
your company code and for each depreciation area wherein you want to control
using a value cap.
Save and look for the confirmatory message at the bottom left of the screen.
Regards,
Bharti -
Low value asset error at the time of goods receipt (MIGO)
Hi
I am testing the FI MM integration - Asset acquisition through PO.
I created a PR and a PO for Laptop @ rs. 200000
At the time of posting goods receipt I am getting the following error:
Total value per quantity should be more than 5000 in this class
Message no. ZFIAAMSG005
I checked the Low value setting in the asset class- it is NO maximum value check
Can anyone pl. help in this?
Thank you
Vedavatee.Hi:
It looks like to me if there is validation working in background . Please check in GGB4 there will validation active for this asset class . Low value asset check restricts you from posting an amount as specified in OAYK. Please check.
Br -
Low Value Assets master records
I need to have a solution for my issue.
We want to manage certain assets which are having minor value and the same needs to be depreciated in the same year.
For this purpose, I am thinking about the Low Value Assets functionality. When I go through the help, I find that :
"In contrast to fixed assets of greater value, low value assets (LVAs) are completely depreciated in the year in which they are acquired. Therefore, you do not usually need an individual assessment of their values. Since they individually have little value, they are often managed collectively as a single asset master record.."
It says we need to have only one single asset master record. My doubt is then how we can represent different assets ? viz. I have one calculator, briefcase, mobile phone, buzzer clock, paper cutter, etc. How can I represent each of these in the Low Value Asset single master record ?Hey,
Most of the companies create separate assets for LVA. When help says create one asset, they keep in mind that we
want to 100% complaint and have all assets in SAP and so we create assets for value at even min. In countires like US
any amount less than $500 can be writen-off. Large number of assets mean high performance. Hence they say one asset for LVA. You can ignore this statement at help and create separate assets for LVA.
Hope this helps you.
Regards
harikishan Kolli (Kishan) -
Post Capitalization in asset master creation
Hi
sapers
what is use of the post capuitalization field in asset master creation if any one know pls explain with exampls
Thanks in Advanse
RamHi:
Acquisition date is the date at which asset was acquired and capitalization date is the date at which asset is given value i-e cost is posted to asset. For post capitalization button in AS01 please refer to the link given
Post Capitalisation
Regards
Maybe you are looking for
-
Vendor consignment related tables
Hi Guys, Can you provide me list of tables related to vendor consignment? Warm Regards, Mohan.
-
Blank positions views in org unit hierarchy
Nakisa version: OrgChart 4.1 Hi all, I wanted to replace in views pos_standard and pos_portrait the position name by the position short. To achieve this, I made the template field named 'Position' point to Data element field POSITION_SHORT, instead o
-
Java script void on newly downloaded firefox 27
Receive this message on Norton site live chat - 'java script void'
-
Hello, and thanks in advance for any help you can provide. No one answers the phone at the free support line--I have let it ring 200 times three different times. Here's where I am: Zen Micro Win XP Downloaded music from Napster. Got a pop-up that sai
-
TACACS+ problem when going via console.
Hi there, After going through some topics and trying everything I could fine I am relaying on you all to help me further. I have an Switch and have an AAA configured for login via ACS with AD account. All works fine via Telnet, but connected to the c