Partial retirement in fixed assets

Hi,
we are having one strange fixed asset problem.. today we have processed all the fixed assets transactions from january to may
2000.. we did a partial retirement of an asset in dec 2001.. like we had 4 units of it and we retired 1 becaz it was stolen..
the transaction worked in december everywhere (like in fixed assets, general ledger)..now in 2002 this transaction is there
in fixed assets but not showing in General ledger so our fixed asset is not matching with general ledger.. so can someone
suggest that where we did the mistake??? any help will be highly appreciated..please let me know if i'm not clear enough
becaz i'm new to oracle finance...
Thanks.
Sandeep

Hi Experts,
can anyone help me how can i identify what account i should be set-up in Account Determination of Fixed Asset
(Administration> Set-up> Fixed Asset> G/L Account Determination):
i am using SAP BUSINESS ONE 2007 A (8.00.181) SP:00 PL:47
1) Retirement: Net Method
a.) Sales Revenue for Asset Sales Net
b.) Asset Retirement with Exp. Net
c.) Revenue for Asset Retirement Net
2) Retirement: Gross Method
a.) Leave with Expense Net Book Value
b.) Leave with Revenue Net Book Value
I can not run the Retirement of Assets because this part was not been set-up
and Please do sent me also the copy of PDF to my e-mail.. thanks..

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Partial disposition of fixed assets

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is it possible or not
Rgd

Actually I want to retire only particular transction not amt about amt I know but anyway you dont worry i think this is not possible pls can you tell me about this
Tcode :- ABAON > click on Partial retirement tab> in this tab two option under tab related to 1) Prior -yr acquis 2) From cur. yr. acq.
when I select Prior yr acq in partial payment i get below error .
"Error "
Retirement of old assets data not possible (No existing old assets data)
 Message no. AA 416
Diagnosis
 You have tried to post an retirement based on amount, using a
 transaction type which refers to old assets data (acquisitions from
 previous years).
 However, the sum of the APC at the start of the fiscal year and the
 transactions, related to the past, equals 0.
Procedure
 Check the transaction type entered and the asset.
 "Error end"
And when I select From cur yr acq then its O.K.
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Thanks a lot
null

Partial Retirement for Asset

I have an Asset with Asset number 1000, and this asset has inventory number of 31000, which has to items in this inventory number, ie: 31001 and 31002.
I want to have partial retirement for this asset, ie: I want to sell item 31001 only.
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Hello
Choose Posting ® Retirement ® Retirement with revenue ® No customer
Enter the asset.
Check the date specifications, and make any necessary entries on the Transaction data tab page. If you do not enter an asset value date, the system automatically determines this date when you save.
Enter the revenue in the Specifications for revenue group box. Enter the:
Revenue amount
Depreciation area, from which the net book value should be used as the revenue amount
Enter additional posting information (such as document type) and the transaction type on the Additional details tab page.
In addition, you can also enter costs here that arose from the retirement. However, these costs are posted only as asset line items. However, there is no integration of this posting with cost accounting or the general ledger.
If you do not enter a transaction type, the system automatically determines one when you save.
To post a partial transfer, enter a posting amount, a percentage or a quantity on the Partial transfer tab page. Specify whether the retirement applies to prior-year acquisitions or to current-year acquisitions.
The system determines the appropriate transaction type automatically.
If you do not make any entries on this tab page, the system carries out a complete transfer.
Enter a text for the posting document on the Note tab page.
Save.
Using this transaction, it is not possible to:
Manually enter different amounts for different depreciation areas
Have the system propose depreciation areas for certain transaction types
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Reg
*assign points if useful

Fixed Assets - retirement issues

Oracle Assets : Retirement and reinstatement of an asset
Version -10.7
Units : 12 Nos.
Dt Placed in service : 03-05-2001
Units retired : 3
Dt of retirement : 16-05-2001.
In process of retirement, entered wrong date(i.e
default date of the current open period - 30-June-2001)
and retired the asset. Then, Calculate gain/loss program
was run which ended with error no.APP-48154.
Failed reason: FAPROC : Units out of balance.No more assets
to retire.
Later,instead of reinstating,corrected the current cost
in the depreciation books thinking that in retirement books
it would be reinstated with original cost and units.But it
didn't happen so. And then,we tried to reinstate - by querying
on transaction number and then row/delete. It is not getting
deleted.
Error message: APP-47433
You cannot delete retirement because there are transactions
after it
Cause:
"You have performed one or more transactions on
this asset since the partial retirement so you cannot
reinstate the partial retirement.
Action:
Use the Transaciton History form to view the
transaction history for this asset.
Now, what is the course of action?

You might have luck - if you post in the right forum!
Try here - SAP ERP Financials - Asset Accounting

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Hi, everyone know haow can I use API to retirements Fixed asset, what is the several set up?
Mass External Retirements
please
Edited by: 1010437 on Jun 7, 2013 3:53 AM

Pls check with this API
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pls refer this note
Oracle Assets Retirements/Reinstatements API Documentation Supplement [ID 206476.1]

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Dear All,
I am using Group Assets and I would like to partially retire an asset attached to the group asset. The issue is that SAP is making a positive adjustment on the current year depreciation, and only this year's depreciation is incorrect. All the following years depreciate correctly, according to the newly calculated NBV. Does anyone know if there's something in Customizing that I can adjust or will my users have to manually re-adjust this?
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Hi Sharif,
I think system is correctly posting to loss/gain account to the externt sales value and net book value difference. It should not go to asset logically, don't you think so? Why do you think it should go to asset?
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Depreciation On Retired Fixed Assets

Need assistance in troubleshooting an error reported during depreciation process. Error occurs when starting the process "GAINS/LOSS" section of the run. It reports error in CCID for a particular asset which has been retired due to sales. We've checked already checked all set-up relating to depreciation & retirement, which looks ok. Process goes through without error when we "unretire" the asset.
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Hi
Th reason for this is that retirement (scrapping) is calculated
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Note 1162647 it does not explain this particular scenario
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950 = (1200- 250 ) being 250 = 50 * 5 months (from start fiscal year
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Hi Alex,
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Hi Andreas,
Thanks for getting back to me so quickly!
I thought a custom query would probably be best. I'll need to request access to the transaction before I can try it out, but I'm sure I'll have a bunch more questions to bug you with when I do!
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Fixed Assets Report on Acquisitions & Disposals

Hi,
Dear Friends could you please advise as to how can we generate the Fixed Assets Report for acquisitions and disposals of assets? Also we need to generate a report on Fixed Assets giving the complete details on opening balance, depreciation, acquisitions, disposals and closing balances.
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Hi,
The following reports should meet your needs:
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Fixed asset error: 21151: error while posting asset document: '100000039'

Hello Experts,
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The client is using SAP B1 8.81 patch 5.
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Luz

hi Luz Cornejo,
please do check this SAP Note: [1246921|https://websmp230.sap-ag.de/sap(bD1lbiZjPTAwMQ==)/bc/bsp/sno/ui_entry/entry.htm?param=69765F6D6F64653D3030312669765F7361706E6F7465735F6E756D6265723D3030303132343639323126]
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Fidel

Automatic VAT code during fixed asset PO creation

Hi all,
We have a classic AUC acquisition process : through MM with IO allocation.
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The person in charge of PO creation don't have to choice between VAT codes, this is the reason why VAT code has to be affected automatically.
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Best Regards

Hi Ocean,
if you use as91 you have to enter as followed:
***.acquis.val. 120.242,00 <- enter
***.down paymts
***.reval.of RV
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***.unplnd.dep.
***.reserves
***.reval.O.dep
Net book value 49.432,82 <- calculated automatically
***. interest
Reval. posted
Ord.dep.posted 3.340,06 <- enter
Pstd.spec.dep.
Pstd.unpl.dep. 0,00
Res.posted
Of course SAP reverses the amount because it is entered as ord dep. posted (this means current fiscal year!!!) insted of accm. ord. depr. (depr. up to 31.12.2007)
The ***. depreciation up to 31.12.2007 has to be enterend in ACCM. ord. deprec.
The *** and posted depreciation from the current year has to entered in ORD.DEP.Posted, pls. have a look at my calculation.
How to correct the fields Ord.-dep. posted and Accm ord. dep? This depends on many parameters:
Have you carried out the datantransfer already in the P-System????
Any other postings for SAP AM already carried out
How many assets have to be changed.
You can reset the Companycode in AM (only recommendable if deprun is not posted and no other postings - retirements, aquisitions transfers have been entered). Then start a new upload
Even lsmw and a BI-recording as92 with the last screen could be a solution.
At least if you have only a few assets - correct them manually - it's not worth the effort to create a BIR and a LSMW - the user is faster.
Best regards
 Horst

How to clear all fixed assets in SAP Business One

Client wants to clear all fixed assets and create new ones. What is the best way to do it.
Thanks.

Hi,
My assumption is that your customer is using 9.0, is it?
I assume that the reason is because there was a mistake during the implementation, meaning that assets created using the application or using import fixed assets master data from excel are not what the user wanted.
The existing rule is that only assets in status 'new' can be removed, and this is a consistency requirement, both technical and from accountancy point of view.
So if the asset is not in status 'new' , it cannot be removed.
What you can do is cancel all transactions generated for the asset, acquisitions, retirements, etc, starting from the last, transaction, until you cancel the first.
Then you execute again depreciation run, to ensure any automatic posted depreciation is reverted.
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GL balances are not matching with Fixed assets ledger

Hi,
Please suggest me regarding this...
The issues is:when the legacy balances are uploaded in to sap there was the mistake.3 assets were entered twice(once in asset class 1250 & once in asset class 1300).It causes the GL balances are not matching with Fixed Asset balances(GL is less than FA).so now the client is asking to make manual entry by removing the recconcilation account settings and post manual entry then keep the reconcilation account as usual.They wanted to reverse the accumulated depreciation for the above 3 duplicated asssets for year 2007 & 2008.
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1.GL balance was not equal (i.e lower) to FA ledger even at the time of go live(FI is lesser than FA)
2.For this i need to post one manual entry in FI-GL with the GO-LIVE date.is it possible? suggest me how to post?
3.After that i need to reverse the accumulated depreciation for the above 3 duplicated assets.how can i do this?
4.After that i need to remove the above 3 duplicated assets,how can i?
Please help me by giving your thoughts regarding this
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Sap Guru

Hi,
It is possible to post the adjustment entry from go live date provided you open the posting periods for the pervious year. (However this approach is not recommended for the following reasons - you have closed the books and must have published the results to local authorities. Adjustment now in the past year can cause some trouble from auditors etc. Secondly you are adjusting the GL balance for the last year, so you will have to complete the period end and year end closing for GL balances. So avoid kindly it)
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Or Go to transaction code OAMK and set the recon account to post the adjustment entry.
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regards
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Partial retirement in fixed assets

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