Fixed asset by monthly basis
Hi expert,
Anyone know how to configure out depreciation types for straight line method(monthly basis). Currently,
I'm using FA PL85 and failed to setup depreciation method for monthly basis.
method : straight line
Acquisition : Full year
Subsequent: Pro Rata Temporis & Exact daily day
Retirement : Pro Rata Temporis & Exact daily day
I'm confusing which Jan till Nov are correct figure but the amount in December was decrease.
Anyone have any idea? (without salvage value and Salvage value needed)
Thanks in advance.
Hi,
Since your Jan to Nov has correct figures, chances are: there is uneven amount that not dividable for the whole year. It has to be assigned to somewhere so that December would be hit.
Thanks,
Gordon
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Fixed asset acquisition report by month?
Hi,
We're using the fixed asset acquisition report thru tcode 'S_ALR_87012050 '.
but there is only the report date input with the last day of the fiscal year concerned.
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Thanks for your help.Chris,
I have just one more suggestion. Even though you have to use a yearend Report date for a closed prior-year, you could define a range in the Posting date selection criteria. In other words, if you would like to see the acquisitions for a given month or range of months in a closed prior-year, then give a 12/31/PY for the Report date and a specified date range in the Posting date selection criteria.
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Month end closing in fixed assets
i am doing first time Month End Closing in Fixed Assets. I need step by step documentation.Thanks
ShankerHi,
The steps are.
1. Post depreciation for the last period.
2. Open next Asset fiscal year by running AJRW. This is also called soft close of previous period. Without this no report of assets will work.
3. Reconclie the balances with GL account. Run Tcode ABST2.
4. Check your slef whether all the balances that are carried forward are fcorrect or not.
5. Once you have finally done the above steps, use T code AJAB to close the last fiscal year.
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reward points if useful.
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Fixed Asset calculates extra period for Depreciation
Hi All,
I have imported the Fixed Asset for 2007B for the Year 2010. while checking the import, i notice that the system calculates an additional period for depreciation.
Here is my scenario :
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b. Useful Life = 36
c. Remaining Life = 4
The above are displayed according to import file.
At the Depreciation Tab, there are 5 rows of planned depreciation calculated. Period 01 to Period 05.
How can the system calculates 5 periods when there is only 4 remaining periods for the asset?
This happens to all the assets being imported.
Please advise.
JessieFurther information.
The Net Book value = 1762.94
with Accumulated Depreciation = 14100.18.
So the remaining 4 periods should be calculated as = 440.735 (per month for 4 months).
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SAP fixed asset add-on. Not able to import master data using upload pgm.
Hi all,
I am trying to import fixed asset master data using an excel file into sap B1 2007a patch level 42. I am able to run the import transaction. It tries to process and then giving me a message ' Import end: Number of successfully imported assets: 0. Number of processed assets:2. We have looked at the event log file and couldn't find anything related to the upload. I have gone through other posts and didn't face this issue. Any hellp is apreciated.
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Following points (see below) also taken into account while creating the master data sheet.
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Mandatory: Item Code = Asset Class; this Asset Class must be previous defined in the Asset Settings (don't change/delete anything in the item-master data - there are the Asset Classes Z-00u2026. Are stored
Description = Description of this Asset
Capitalization Date = do it like this (YYYY-MM-DD). This columne must be a text format
APC = Aquisition/Procuction Cost; when you have digits after coma please use dot for separation - don't use thousand separators; Example 23444.45
Quantity = only mandatory, when you use the same assets stored under one asset number. Example you have ten equal chairs, so you can handle this with one asset number and quantity ten
Dep01 = Depreciation area; this entry must be previous defined in the Asset Settings
Depr Start date 01 = do it like this (YYYY-MM-DD). This columne must be a text format. The beginning must be the first of the month. Please compare it in this case with the capitalization date
Useful Life 01 = calculated in months (not years)
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Depr Type 01 = Depreciation Type must be previous defined in the Asset settings
Ordinary Depr 01 = ordinary depreciation; this is the comulated value you can see in the asset history sheet from the old asset solution. When you have digits after coma please use dot for separation - don't use thousand separators; Example 23444.45
Unplanned Depr 01 = unplanned/extraordinary depreciation; this is the comulated value you can see in the asset history sheet from the old asset solution. When you have digits after coma please use dot for separation - don't use thousand separators; Example 23444.45
SpDpAcc1 01 = Special depreciation account; when you use special depreciations and you have it to balance on special accounts fill in this account. This is an exeption - in normal projects not needed
SpDpKey2 01 = Special depreciation; when you use special depreciation you have to enter this cumulative value in this field. This is an exeption in normal projects not needed
SpDpAccu2026 = for further special depreciation accounts; This is an exeption
SpDpKey.. = for furhter special depreciation values; This is an exeption
Optional: Vendor Code = when using this please be aware that the vendor code is previous defined in the system
all others = you can use if you want. The only limitation is the type/length of these fields
When you are ready with your entries mark from the first free row on for instance the next 20 rows than right mouse key - delete rows. This is necessary to prevent that in the background are invisible signs
After entering in this default excel all your assets, please save it as .csv file. (the grey message - relation to information of csv - please say yes; when you close than excel a furhter message - would you save.. - please say no now
After entering all data please save it as .CSV file. First grey window (format information) please choose 'yes'. Second window (when you close this file) please choose 'no'.
You have now a .csv file in hands right now for uploading into the fixed assets.
This example you can use for a test-import based on the year 2004The issue was because of the conflict of Depr. Start Date, Use Life and Remaining Life. After I corrected the data, it worked just fine. The note 876670 helped me to resolve this issue. Thanks to Adam at Toronto SAP Business one support for his expert analysis and suggestions.
thanks
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Edited by: Johnson Zavier on Feb 19, 2009 11:10 PM
Edited by: Johnson Zavier on Feb 19, 2009 11:20 PM -
Knowledge required for Fixed Asset Addon
Dear Experts,
Please help advice or confirm on the following.
1. In SBO, there is Posting Periods, in FA, there is Fiscal Year. Is it true that whenever you create a Posting Period in SBO, the equivalent will also be created in FA's Fiscal Year list?
2. What is the impact if our setting for FA depreciation in Administration > System Initialization > Company Details > Depreciation Calculation is by "By Monthly Basis", and the Fiscal Year is set as 1 Fiscal Year instead of monthly.
3. Can the Asset History Sheet be viewed with selection criteria from 1 Fiscal Year to another Fiscal Year? or can it be viewed only for 1 Fiscal Year at a time.
Much Thanks in Advance for your advice!
Warmest Regards,
ChinhoDear Jimmy,
Thanks for your reply.
To answer my own question after a conversation with SAP Support:
1. In SBO, there is Posting Periods, in FA, there is Fiscal Year. Is it true that whenever you create a Posting Period in SBO, the equivalent will also be created in FA's Fiscal Year list?
>> Yes, whenever Fiscal year is created in SAP, Fiscal year in FA is also created automatically. However, take note that if you update Fiscal year in SAP, Fiscal year in FA will not be updated. And if this update happens, we will have to raise a support ticket to ask SAP to fix database.
2. What is the impact if our setting for FA depreciation in Administration > System Initialization > Company Details > Depreciation Calculation is by "By Monthly Basis", and the Fiscal Year is set as 1 Fiscal Year instead of monthly.
>> If the Fiscal year type is by "Year", then the FA Fiscal year type will also be by "Year". Therefore, a setting of depreciation calculation "By Monthly Basis" will render the depreciation value not be correctly updated.
3. Can the Asset History Sheet be viewed with selection criteria from 1 Fiscal Year to another Fiscal Year? or can it be viewed only for 1 Fiscal Year at a time.
>> To view Asset History from 1 fiscal year to another fiscal year. Make sure the Fiscal years' status which you wish to view must be set to "Active".
Much Thanks!
Warmest Regards,
Chinho -
Good day All,
CAN SOME BODY PLEASE HELP URGENTLY! We have tremendous problems with Fixed Assets.The 2 main issues are:
1. The calculations in the Add-on are not correct. We want to us the exact 'Daily Basis' type. I bought the item on the 15th of the month. I let it depreciate for 12 months up to the value of R1. Therefor the first month's deprecation should be R50, then R100 and the last month's depreciation should be R50 again. The dpreciation for all the months are R100!
2. We don't get the maserdata to imort. I have got all sorts of errors.
We also have other issues to discuss.
Who can we contact to maybe hold a webex to assist us?
Kind regardsOK, we are lucky we are using SBO2005A.
You could post a SAP message to SAP. -
Hi
The company has fixed assets and we want to charge the cost of fixed assets usage to a project. What do you recommend us?
Thanks.
Edited by: user1076895 on 21/07/2010 06:22 PMWell, what version of EBS are you on? I ask because in R12 Oracle has come out with a new module called Oracle Asset Tracking. This new module has some integration to Oracle Projects. We are still on EBS 11i, so have no personal experience with this new module. Since this is a new module, I suspect very few Oracle customers are using it so far. If you are on EBS 12, you might want to investigate this. I certainly will not say this is something that will work for your specific requirements.
For us, it does not help us. Oracle certainly has a deficiency in its ERP software in that it lacks any kind of equipment billing/equipment accounting module. I can tell you what we are doing. Our prior (to Oracle) ERP software had a pretty decent Equipment Billing/Accounting module. Was not perfect, but it worked pretty well. We could charge jobs for rental equipment by the day, week, or month. We could sell our jobs consumable materials through the order processing capability. We went live on Oracle on January 1, 2008 (talk about a painful process). We are still using our old ERP software to do our equipment cost and revenue processing. We extract on a monthly basis (billing done at end of month) the cost and revenue charges for the month into an Excel Spreadsheet and then load that spreadsheet into Oracle, going into expenditure batches. The expenditure type is USG (usage) and we have various non-labor resource values used, depending on the location (we have warehouses/yards in a couple of different U.S. cities).
We are still looking for a replacement for the old ERP software. Any such replacement would be non-Oracle software. So we would still need to interface that software to Oracle Project Costing.
In the old software, the equipment master was separate from the assets master. But certainly for many of the equipment items, they would also be an asset and getting depreciated (for example, a construction crane, that we would rent to jobs, and since own would be an asset that we would depreciate).
Why don't you ask your Oracle sales rep what he would recommend? Would be interesting to see what he tells you.
John Dickey -
Hi all,
I'm trying to upload the Active Fix Asset to the SBO (no new).
for example:
item: FixAsset
Useful life : 48 (month)
Remaining Life: 12 (month)
APC(Historical cost): 10000
Accumulated Ordinary Depr.: 7500
So Value Balance: 1500
and Life Balance : 12 month
I have tried to Import active ITEM by Excel ,follow this link : Importing Fixed Asset Master Data from Microsoft Excel - SAP Business One 9.0 - SAP Library
every time recieve the message :
Cannot import asset "fixasset"; a new asset's useful life and remaining life must be the same in depreciation area "AFA"Hi,
Please check SAP note:
2001876 - The system does not consider the Salvage Value nor the
Remaining Book Value when you import assets
Thanks & Regards,
Nagarajan -
Fixed Asset Auditing Configuration
Dear All,
I need a help for doing Fixed Asset Audit Configuration.
Any one kindly give me a guide line for how to do the step by step configuration for Fixed Asset Auditing and view the audit report
Thanks & Regards,
S. UmamageshwaranSteve,
please see my response below.
Cost
1440
Dep. Per yr
120
Dep. Per month
10
Year
Cost
Dep
NBV
1
1440
-20
1420
2
-120
1300
3
-120
1180
4
-120
1060
5
-120
940
6
-120
820
7
-120
700
8
-120
580
9
-120
460
10
-120
340
11
-120
220
12
-120
100
13
-100
Legacy data
Assuming that you will load everything on 1/1/Y4
Cummulative acq
Accum dep
1440
-260
Assuming that you will load everything on 5/1/Y4 << so I assume you will load it on period 5
Cummulative acq
Accum dep
1440
-300
Accum dep in legacy will depend on when will you load the data. Take over date on this case is 4/30/Y4.
Thanks!
Jhero -
Import fixed assets in middle of fiscal year 2013
Hi,
I like to import several fixed assets in middle of fiscal year 2013. The attached file works fine but when I then look at the depreciation months, I see the depreciation for the complete year of 2013. But when I set the start depreciation date in the import file set to 2013-11-01 the import is not working anymore because of wrong calculation of lifetime.
How can I import this fixed asset with start depr date set to 2013-11-01 and only the last 2 months (Nov and Dec) need an depreciation for 2013??
And not also the previous months !!!
Thanks again.
MarkHi Mark,
Import FA with depreciation start date as 2014/01/01 and run the depreciation for the said two months by doing an journal entry. Depreciation is calculated for a whole year.
Isaac. -
Fixed Asset: Current Year Depreciation
Dear Experts,
Previously, fixed assets was managed manually in an excel sheet and depreciation was calculated manually in the excel sheet.
My client wants to start using the FA Addon in March. I managed to import all the fixed asset master data with its Cost, Acc. Depn and NBV. They all tally with the GL balances as at 31.12.2010 which is the last day of the accounting year.
However, I have problem with the current year accumulated depn figure. When I run depreciation for Jan-Feb, the figure does not tally with the GL balances as at 28.02.2011.
For example:
Fixed Asset Cost: $5,859.00
In SAP B1
Depreciation method: Straight-line depreciation
Calculation medthod: Percentage of Acquisition Value
Percentage: 33.33%
Planned monthly depreciation: $162.77 <-- Not sure how B1 get this figure
Therefore, accumulated depreciation for current year as at 28.02.2011 = $325.54
Manual via Excel
Depreciation method: Straight-line depreciation
Calculation medthod: Percentage of Acquisition Value
Percentage: 33.33%
Accumulated depreciation for current year as at 28.02.2011= ($5,859 x 33.33%) / 12 x 2 = $325.47
How do I get the current year depreciation to tie with the GL?Hi Joyce,
I understand the issue you are facing is that
accumulated depreciation for current year as at 28.02.2011(calculated by Fixed assets addon) = $325.54,
but
accumulated depreciation for current year as at 28.02.2011(calculated by excel)= ($5,859 x 33.33%) / 12 x 2 = $325.47
you want to know how system calculate the accumulated depreciation as $325.54?
in order to make it clear,
please let me know how did you define the FA master data,such as the net book value,useful life,remaing life and so on.
Please check the FA master data->general tab and calculation tab,as it is not possible to attach the screenshot to show the relevant data,please log a SAP message for the further assistance.
Kind regards,
Eleven
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