Low Value Asset max. amount exceeded. No Posting Allowed.

Dear All,
We are prchasing items under low asset value asset. where low asset value is limit - 5000.
Now system shown the error mseeage "Low Value Asset Max Amount exceeded. No Posting Allowed." at the time MIRO tcode.
PO - 41311*****************
GRN - 51000***************
Asset Items - 2 same items - value (4800 of each)
Please anyone give the reply

Hi Aman,
DId you create your asset when you created your Purchase Order?
Did you create 1 asset or 2?
Are you trying to enter both assets in the same line in the MIRO invoice?

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Low value asset max.amount exceeded

Hi all,
When doing a full settlement in CJ88, I am getting the following error: 'Low value asset max.amount exceeded. No posting allowed'. When I have defined a new asset class, I have copied from a LVA class. The new asset class is not an LVA asset class, therefore there is no limitation. Then, why am I getting the above error?
Please help.
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Mean amount from 9500 INR Exceeds low value asset maximum amount.

HELLO Experts,
While posting F-43 getting error mesage: -
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Also I checked the Tcode OAY2 and OAYK.
Thanks and Regards
Urmila S
Edited by: surmik on Mar 23, 2011 10:29 AM
Edited by: surmik on Mar 24, 2011 6:58 AM

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I checked OA08. Still the error is showing.
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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.
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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

Low value asset error at the time of goods receipt (MIGO)

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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:
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Message no. ZFIAAMSG005
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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

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I have to Configure Low value assets for my Client.
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Hi,
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---
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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
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1. checked at AW01N, no values in each asset.
In configuration:
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Hi,
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.

Low Value Assets

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, furn

Hi,
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

Low value asset history

hi,
pls tell me about the 'what is meant by low value asset&configuration setting

Low 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
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Hope you get clear with the LVA now.

Fixed Assets - Asset Type - Low Value Assets

What is the difference between setting Asset Class Asset Type field as LVA (Low Value Asset) instead of General?
I am using 2007A SP01 PL07 Australian localisation.
I am interested in the behaviour of the LVA Asset Class and assets that belong to that Class.

By definition, LVA stands for:
An asset for which the acquisition and production costs, less any included sales tax, does not exceed a legally pre-defined amount.
Low-value assets can usually be completely written off within the period in which they are acquired.
It depends on different localizations.
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Hi All,
I have a question regarding management of low value asset as per US
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I think you should create a new asset transaction type, which will post only to the other depreciation areas apart from US GAAP. Then at the time of capitalizing that asset, when we are entering this asset transaction type, then the system will update only the other depreciation areas. For the US GAAP, an FI JV has to be passed.
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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.
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Swati

Hi Swati,
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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.
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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.
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harikishan Kolli (Kishan)

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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.
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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)
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In the above case depreciation was calculated only for 322 days
But I need to calculate depreciation for 365 days ie 100%.
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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.

Low Value Asset max. amount exceeded. No Posting Allowed.

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