How to Assign Auto Depreciation to G/L Accounts

Question

1. G/L Accounts (KMY Stores + Depot Spares) are depreciated using GL entries(F-02, F-63)
2.In double Entry, Accumulated Depreciation a/c is the second one, first being either of the two above, being hit/affected.
Required -
To have these two accounts (mentioned in 1) to be assigned to Auto Depreciation.
Or, in other words, these accounts are to be automated for Depreciation, i.e. Depreciation Run should suffice for the purpose.
Kindly enumerate the steps in detail.
Message was edited by: Vijay
        Vijay John

Answer 1

Hi Vijay,
The solution will be in two parts.
<u><b>Part 1:</b></u>
1. Use transaction code <b>OAOA</b> to define your Asset Class.
2. Use menu path <b>SPRO-> Financial Accounting-> Asset Accounting-> Organisational Structures-> Asset Classes-> Specify Account Determination</b> to set up the account determination that you would use in transaction code <b>AO90</b>. My suggestion is for you to use the same Asset Class number for the Account Determination number.
3. Finally, assign the G/L account to the Asset Class using transaction code <b>AO90.</b>
<u><b>Note:</b></u> This G/L would be a reconciliation account and therefore would not accept direct postings
<u><b>Part 2:</b></u>
1. Create an asset for KMY Stores + Depot Spares using transaction code <b>AS01</b>.
2. Transfer the outstanding using transaction code <b>ABUMN</b>, if <b>KMY Stores + Depot Spares</b> has been maintained as an asset within your system. If not, you would probably have to pass journal entries to book the amount from the old G/L to the new Asset Class G/L account, including the accummulated depreciation. You can use transaction code <b>FB50</b>.
3. Then use transaction code <b>AW01N</b> to review the values of the asset posted with the accummulated depreciation. If the values are not correct,
4. Use transaction code <b>AS92</b> to manually adjust the "<b>***.acquis.val</b>." and the "<b>Accm.ord.deprec</b>" to what it should be and your <b>Net Book Value</b> would be corrected automatically once you save your entries.
5. Finally, you can then run your depreciation every monthend using transaction code <b>AFAB</b>.
I hope the above helps.
Do not forget to award the points please.
Regards,
Jacob