Mid month convention - Period Control method

Hi
My client wants to calculate depreciation for mid month. i.e, Asset acquired after 15th of a month should be considered for next month depreciation calculation.
A new dep key and period control have been asked to create.
In this case, what are the steps that needs to be done?
Pl help me out.
Thanx..
Prasad

Copy a key and start it with Z.For period control use the second one, which is called "pro rata upto mid-period per period start date. What this method does is if the asset is put in service upto the middle of the period(month-generally) the depreciation starts beginning of the period, if it is after the middle of the period the start date is the beginning of the next period(month).
Please assign points for this correct answer.

Similar Messages

Period Control Method 01 and 03 Mid Month Convention

Hi All,
I am trying to create two different depreciation keys.
One is with Period rule 01 i.e Pro rata at period start date. Example. If I create an asset any time during the month, the ordinary start depreciation should start at the beginning of the month.
Secondly another deprecation key with period rule 03 i.e. prorata at mid period. Meaning that the ordinary start deprecation date should be from 15 of the month.
I activate the " Use of Half Months in the Company Code" then the deprecation key with prorata at period start date is behaving like pro rata at mid period.
Example:
I created an asset that was capitalized 5/18. For book depreciation the start date should be 5/1 and for tax it should be 5/15. Both of the areas are showing 5/15. have i missed something?

Issue Resolved
Steps:
1. In transaction OAVS define a new Per control (Z1).
2. In transaction OAVH create the following: My fiscal year is from Aug-July
3. Update transaction AFAMP, create a new period control method and assign it Z1/Z1/Z1/Z1
4. Finally update the period control in the book depreciation key AFAMP.
                                                                                D                   M                  Period
Z1     At period start date              1     31     5
Z1     At period start date              2     28     6
Z1     At period start date              3     31     7
Z1     At period start date              4     30     8
Z1     At period start date              5     31     9
Z1     At period start date              6     30     10
Z1     At period start date              7     31     11
Z1     At period start date              8     31
Z1     At period start date              9     30     1
Z1     At period start date              10     31     2
Z1     At period start date              11     30     3
Z1     At period start date              12     31     4

Asset Accounting - Mid month Convention

Hi,
I have a problem in Asset Accouting for configuring a mid-month convention (and mid-quarter), settings. I activated the use of half-month in my company code (value 15), and defined Calender assignment for my Fiscal year variant, for Period control 03. The depreciation start date is correctly calculated for the tax depreciation area (period control 03). But, for my book and group depreciation area (period control 01 - 1st of acquisition month), the system also calculating 15/mm.
For Book Depreciation area I need to calculate depreciation for the entire period in which Asset is acquired (period Control 01) Currently If I acuire the asset before 15th of month its calculating depreciation for entire month and If I acquire the asset after 15th of month its calculating only for half month.
Is there a way to have mid-month calculation only applying to specific depreciation area ? Did i miss something in the customizing or do I have to change the period control 01 to force the start date at the first of the current month ?
If you require any futher info to provide input on this issue, Please let me know.
Thanks in advance to everyone who could help me.

As long as the depreciation keys are different between the depreciation areas you should be able to have one calculating at mid-month and the other at full month, respectively.
Just a thought: Go into transaction "OAVH" and make sure that the periods are assigned correctly for your Period Control "1". It should have one line item with a "0" in the month and day field and the period field should be 'blank'.
If the Period Control is correct, you should try creating a custom Period Control that defines each period as the last day of the month.
Hope this helps,
Chad

Which depreciation key is eligible for mid-month convention in SAP?

Dear Experts,
I am looking for the depreciation key for mid-month convention for USA in SAP standard system.
Do you know what key is for this convention?
Thanks.
BR,
Chris Kim

Dear sapfincon,
Thank you for your comment.
When I looked at those depreciation keys, LINA/LINK/LINR, those period control are 007 or 008.
In case of acquisition for those period controls, "007" has "04" (First year convention at half year start date) and "008" "01" (Pro rata at period start date).
I don't think these "04" and "01" stand for mid-month convention.
I assume the period control "02" (Pro rata upto mid-period at period start date) is for mid-month convention.
What do you think about this?
Thanks again.
BR,
Chris Kim

Period Control in Asset accounting

Can someone explain me how the period control works? Also how will we determine period control for 'Mid-Quater' convention.
Please help me out on this. Thanks and regards,
Vishal.

Period Control Method is a system object that controls what assumptions the system makes when revaluating asset transactions that are posted partway through a period.
Using the period control method, for example, you can instruct the system only to start revaluating asset acquisitions in the first full month after their acquisition.
The period control method also allows different sets of rules for different types of asset transactions, for example, acquisitions and transfers.
Regarding determining period control 'mid quarter', it is based on the assumptions of the business for the asset revaluation.
PS: Please award points if you find the answer as useful. Your rewarding will motivate me in the future to answer more questions. Thanks.

ST.Line Mid month dep Key

Guys,
I need to configure a st.line mid month depreciation key for our 39 year building asset for area AMT & ACE, The standard key ACM is not producing the correct calculation.If I assign this key the following calculation is coming up ,
APC=26.171.89 Life:39 years, Acq date:12/10/2009( as per our FSV its our 2010-period 1)
dep is caculated as $335.54, which is half of the year's dep which should be $671.08, where as we want to have $671.08
for first year. What do I need to chnage in that key??.
Regards
Shaun

Paul,
we are using fiscal year variant from DEC-NOV and as of 11.30.2010 is our period 12,the last period of the year.and our fiscal periods doesnt correspondence to calender year.so now standrad key ACM with period control 06(03/03/03/03) calculating just st line in first year , which is $ 671.08, not $ 6433.11 which is mid month calculation .but its not happening ,any other idea in period control that could give me that mid month convention to work.but thanks for your helpo ,u been a great help to me ,I assigned full points to you.
Regards
Shaun

Calendar assignment in OAVH for '03' period control for calendar year dependent fiscal year.

Hi
We have a year dependent Fiscal Year in our client's system. It is a 5-4-4 Fiscal Year variant starting from March till Feb.
While trying to create a new asset we faced an error "You cannot save this asset(Correct depreciation error)." I checked and found that the error is due to a missing calendar assignment in OAVH for the period control key '03' (Pro rata at mid-period) for our fiscal year variant. Till the last fiscal year it had been maintained, but for current fiscal year the assignment is not maintained.
Can someone help me to understand how the calendar assignment is done in OAVH for a 03 period control key for a year dependent fiscal year like ours?
I tried using the transaction OA84 (Generate Period Control), but it provides the calendar assignment for all other period control methods except for '03'. Is there some specific reason as to why OA84 does not generate for '03' period control?
I checked the last fiscal year's assignments in OAVH for our fiscal year variant for '03' period control, but could not understand how it was configured, because it did not relate to the fiscal year variant assignment that we have done in OB29. Also, I even checked whether we need to enter the mid date of the periods, but that also was not done for the last fiscal year. I am unable to understand how the dates have been assgined.
Given below is our last Fiscal Year's OAVH settings for '03' period control:
FYV
Period Cont
Description
Year
Month
Day
Period
AG
3
Pro rata at mid-period
2014
3
17
0
AG
3
Pro rata at mid-period
2014
4
18
1
AG
3
Pro rata at mid-period
2014
5
16
2
AG
3
Pro rata at mid-period
2014
6
16
3
AG
3
Pro rata at mid-period
2014
7
18
4
AG
3
Pro rata at mid-period
2014
8
15
5
AG
3
Pro rata at mid-period
2014
9
15
6
AG
3
Pro rata at mid-period
2014
10
17
7
AG
3
Pro rata at mid-period
2014
11
14
8
AG
3
Pro rata at mid-period
2014
12
15
9
AG
3
Pro rata at mid-period
2014
12
31
10
AG
3
Pro rata at mid-period
2015
2
13
11
AG
3
Pro rata at mid-period
2015
2
28
12
Please advice.
Thanks in Advance.
Regards
Ambarish

Dear Ambarish,
As it is a year dependent fiscal year variant, we should create the year for the variant via OB29, then generate the period via OA84.
Best regards.
Beam

New FSV for Mid month Dep Key

Hi guys,
I am trying to define new fiscal year version with 24 periods which is required for mid month convention cuz we are using a FSV which starts Dec-Nov and is year dependent.I need little help on how to divided these periods into 24, cuz each time i am getting some errors ,like there are gaps in FSV.The details of our accounting periods are as uder.
FOR 2009 FSV (DEC-NOV)
MONTH          DAY              PERIOD         SHIFT
1     31     2     0
2     28     3     0
3     28     4     0
5     2     5     0
5     30     6     0
6     27     7     0
8     1     8     0
8     29     9     0
9     26     10     0
10     31     11     0
11     30     12     0
12     26     1     1 (1 SHOWS 1,2 PERIOD IN 2010)
12     31     2     +1
FOR 2010
MONTH          DAY              PERIOD         SHIFT
1     30     2     0
2     27     3     0
3     27     4     0
4     29     5     0
5     29     6     0
6     26     7     0
7     31     8     0
8     28     9     0
9     25     10     0
10     30     11     0
11     30     12     0
12     25     1     1(1 SHOWS YEAR 2011)
12     31     2     +1
So how do I divide these into 24 periods for mid month calculation.if ANyone could help especially PAULkr or Nathen, I be grateful.
Thanks
Shaun

If your fiscal year starting in Dec, I think you can do the following settings for your 24 period fiscal year
Month Day   Period
1           15       3
1            31      4
2            15       5
2            28        6
Continue like this until
11         15         23
11         30         24
12         15         1          +1
12         31         2          +1
Paul

Mid-Month Calculations

I am bringing a fixed asset system online in SAP and during the legacy conversion it was realized that the test system is not calculating the depreciation using a mid month convention. That being said looking at the configuration the company code was setup in 2005 and is in production and is productive (since 2005). So it appears that this setting is global and SAP will not allow me to change these settings to allow mid month calculations. Is this correct? anyone ran across the same issue.

Hi
please read the note 2993 and 39416!
Best Regards,
Blaz

Mid month period not being calculated in pay slip

Hi Experts,
Mid month period given in 0008 is not being calculated.
e.g. if i hire some one on 16.01.09, then 0008 data should be calculated for those days only (e.g. 16 days) in pay slip. But in my case it is taking full amount of 0008.
Can any one kindly help, pl.
thanks
Balu

Dear Sikindar,
thanks for the replay.
PCL 1 and PCL10 are having 3 and 1 respectively.
checked the control record and the pay roll area of that employee and generation of pay roll periods are available in V_T549Q.
please guide me further
thanks
Balu

Period Control- Mid period

Hi All,
I am trying to create two different depreciation keys.
My FI fiscal year starts from July to June.
One is with Period rule 01 i.e Pro rata at period start date. Example. If I create an asset any time during the month, the ordinary start depreciation should start at the begining of the month.
Secondly another deprecation key with period rule 03 i.e. prorata at mid period. Meaning that the ordinary start deprecation date should be from 15 of the month.
I activate the " Use of Half Months in the Company Code" then the deprecation key with prorata at period start date is behaving like pro rata at mid period.
And the other key i.e. with mid period rule 03 is giving error
"E003 SYST: Period 000 is not valid in financial year variant".
I maintained in T.Code OAVH the entries for my fiscal year for the period control rule 03 for all the period, i.e. I tried for both 24 periods and also 12 periods, with Indicator: Depreciation calculated from mid-month selected.
Please advice me if I need to do any other configuration. Issue is to resolved urgently.
Thanks in advance
Krishna

As the name suggest the depreciation calculation will start from middle of they year when this period control is used.
For example. You have an Ord Start date set to say first month of the year in the asset master. & you receive acquisition in the first month of the year but have period control 07 set in the definition of the depreciation key. Then for that asset the depreciation will be calculated from July ( Month 07).
Hope it explain you the use of period control 07.

Period control Rule 03- Mid period Depreciation

Hi All,
I am trying to create two different depreciation keys.
One is with Period rule 01 i.e Pro rata at period start date. Example. If I create an asset any time during the month, the ordinary start depreciation should start at the beginning of the month.
Secondly another deprecation key with period rule 03 i.e. prorata at mid period. Meaning that the ordinary start deprecation date should be from 15 of the month.
I activate the " Use of Half Months in the Company Code" then the deprecation key with prorata at period start date is behaving like pro rata at mid period.
And the other key i.e. with mid period rule 03 is giving error
"E003 SYST: Period 000 is not valid in financial year variant".
I maintained in T.Code OAVH the entries for my fiscal year for the period control rule 03 for all the period, i.e. I tried for both 24 periods and also 12 periods, with Indicator: Depreciation calculated from mid-month selected.
My FI fiscal year starts from July to June.
Please advice me if I need to do any other configuration. Issue is to resolved urgently.

Hi Dominic,
I did not made any entries for rule 01. there is only one entry for 01 i.e. standard. and for rule 03 I made like this:
My fiscal year is July to June. (i.e. Non-Calender fiscal year) But periods are claender periods. so I gave the periods 1 for the entry July i.e 7th month. entries are like this:
1 - 31- 7,
2 - 29 -8,
3 - 31- 9,
4 - 30 -10,
5 - 31 - 11,
6 - 30 - 12,
7 - 31 - 1,
8 - 31 - 2,
9 - 30 - 3,
10 - 31 - 4,
11 - 30 - 5,
12 - 31 - 6
and selected the mid period for all entries.
I tried for 24 periods also. for ex.
1 - 15 - blank
1- 31- 1 and mid period selected and so on.
But in both the ways even if maintain for 12 periods in OAVH or 24 periods in OAVH it is not working.
I activated the mid month at company code level, giving 15th as the fixed date.
When we activate the mid month, do we need to maintain assignemnt rules in OAVH or will the system generates on its own. For me system did not generate anything on its own. I am trying in different ways in OAVH.
Please do reply. Can you please give me the exact matrix what I need to maintain in OAVH.
Do I need to change the rule for rule 01 also.
I will wait for your reply. Thanks so much for the reply.
Krishna

Pay day for period end date as mid month.

Hi All,
plz suggest how to proceed.
Payroll period starts from 15th of month to 14th of next month and payday is last working day of month having period end day.
Example
Period start day 15th April
Period end day 14th May
Pay day last working day or last day of May for period 15th April to 14th May.

Hi,
I think what you are meeting with is Monthly End Accrual (MEA) senario.
Pls check the following URL in PY US solutions:
http://help.sap.com/saphelp_46C/helpdata/EN/d8/c9e93401bdee06e10000009b38f83b/frameset.htm
The related node is under :
Payroll United States (PY-US)->Final Payroll Processing (PY-US-FP)-> Month-End Accruals Concept
Br,Kee

Issue with Period Control 03 for Depri key MSTL with 6446

Hi Gurus,
We want to use mid-month calculation for Dep. key MSTL using period control 03 (i.e. 03/03/03/03). We are also using 6446 as year-depedent Fiscal year (i.e. Jan and Dec 6 weeks other rest 4 weeks). period control 03 is pro rata at mid period
period 12 for 2009 start 11/14/09 ends 12/25/09
period 1 for 2010 start   12/26/09 ends 02/05/10
as per period control 03 mid month is Dec-04-2009 (setup in OAVH)
When i acquire an asset on Dec-04-09, the dep start date is Nov-14-09 which is correct and all calculation is correct
however when i acquire an asset on Dec-06-09 the dep start date is still Nov-14-09 which is not correct infact it should start dep from next month which will be Dec-26-09 (This is 1st period of Fiscal year 2010)
As mentioned above we are using 6-4-4-6 fiscal year
When acquiring an asset with mid month concept at year end we are facing problem in depri start date and hence calculation.
The setting in OAVH for period control 03 are as below
FV   Period Control     Desc.                             Year   Month   Day    Period    MidMonth
NL        03              Pro rata at mid period          2009    12        4         12           ticked
NL        03              Pro rata at mid period          2009    12        25       12           ticked
NL        03              Pro rata at mid period          2009    12        31        1            ticked
NL        03              Pro rata at mid period          2010    1          15        1            ticked
Thanks in advance

Deepak,
Your period 12/2009 starts and ends between 11/14/09 ends 12/25/09. Now you acquire an asset on 12/4/2009. As per OAVH, you want depreciation calculation start mid-period. Then how is depreciation start date of Nov 14, 2009 for this case?
Then you acquire an asset on Dec6, 2009. This, as per OAVH, falls into period 12/2009. Then why should the calculation start from period 1/2010 for this case?
Thanks,
Asheesh

Fixed Assets Mid-Month rule using non-calendar fiscal months.

Our fiscal year variant is year dependent with twelve posting periods. For example, period 11 for fiscal year 2007 is defined as 29-Oct-07 through 25-Nov-07 and period 12 is defined as 26-Nov-07 through 31-Dec-07.
Fixed Asset depreciation keys MSTL and NA1 use period control 03 (Pro rata at mid-period). Period control 03 is currently not configured in our SAP development system. The IMG help text for Use of Half Months in the Company Code states that You cannot use half periods with non-calendar fiscal months.
How do USA companies configure mid-month depreciation keys (like MSTL and NA1) and mid-quarter depreciation keys when they use non-calendar fiscal months?

Mike,
Would be helfpul if you can describe how you resolved the above issue
Thanks.

Mid month convention - Period Control method

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