Process of Asset Write off.
Hi
Can any one tell me the process of Assest Write off. Is there any transction for writing off the assets.
Please advise.
Thank you.
Prasad,
You can use Transaction Code ABSO for Write off of the asset.
Then system increased the Value of asset as under
Accumulated depreciation ac...........Dr
Asset ac............................Cr
Let me know if you need any other information on this.
Regards,
Venkata Raju
Similar Messages
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Asset Write-off in Advance..
Hi All,
Can anybody explain me about an asset write-off procedure before the End-of-Date of that asset value date.
For example Asset having the End-of-date as 31.12.2008. For this, we want to write-off this asset on 31.10.2007.
Thanks in Advance...Hi Pal,
Thanks for your reply..
Here, we are having around 70 assets. For that we can do like this??
If we will do 100% dep. now itself, the remaining amount will post to the depreciation account na?? With this no problem??
Please reply me...
Thanks & Regards.. -
Dear SAP Gurus,
Can anyone help me with one of the Asset scenarios, whereby the user wants to have the option to park the asset write off first before making the actual posting. I can't seems to find any function available for this. If not, can anyone suggest if there's other way to resolve this.
Thank you very much. Your advice is much appreciated.
regards,
Aziah
Edited by: Ku Nor Aziah Ku Ariffin on Aug 2, 2011 8:21 AMHi
Welcome to SDN
I dont think its possble... You can Simulate the entry before posting, check and then Post... there is no option to Park as far as I know
br, Ajay M -
Hi SAP Gurus,
I have one asset under construction created in 2008 which is not yet capitalised. Now requirement is to write off the same in current year.
Need the soultion to this step by step..
Thanks in Advance!!
Edited by: rmk123 on Sep 24, 2011 8:00 PMtransaction ABAVN?
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Asset write off in the current fiscal year.
Hi Experts,
I want to write off an asset in next 4 periods of the current fiscal year 2007. For example:
Asset 11000
APC value: 10000
APC Date: 01.01.2005
The useful life will end in fiscal year 2008.
The book value left at the begining of the current fiscal year 2007 Rs. 4000.00
In the current fiscal year this asset has already been depreciated for previuos 3 periods.
Now Business wants to write off ( fully depreciated ) this asset in next 4 periods equally and then if the book value and tax value is nil, they want to scap the asset.
Now can you please tell me how to make this happened. Its very urgent. If you need any more information, most welcome.
Rgds,
BABAHi,
You would have to set the asset to manual depreciation(Depr.Key MANU)
and generate a posting via ABMA for each of the periods.
Kind regards -
Asset Write-off after retirement
Dear Masters in Asset Accounting,
I have a situation where I have to write off the asset in secondary ledger (Ledger A2). The problem is that the asset retirement (ABAVN) was done in the past so I can't write-off the same by using T-code ABSO. Also, we are posting the depreciation to that asset since last 5 months, so I can't write-off by using FB01 / FB01L.
Is there any other way I can write off the asset after retirement only in secondary ledger?
Thank you for reading this and your help.
JayHi Bernhard,
Why you can't make a write-off?
A: Because it gives me an error message. When I try to use ABSO, it gives me an error message saying Asset retirement has alredy been posted so transaction not possible. I am using ABSO because I want to make changes only in ledger A2 (secondary ledger / US GAAP). I can't ABAVN again because it will affect both the ledgers which I want to change only US GAAP.
Is the asset deactivated after ABAVN?
A: No, the asset is not deactivated. It is still active and in use.
Thank You,
Jay -
Asset write-off in prior month.
Is it possible to write off assets from an earlier month end date e.g the NBV of assets with a month end date of 31/05/09 or can you only write off within the current month?
If this is possible, how will SAP deal with the depreciation and how will it charge any depreciation posted after that date?Hi Jeremy Lumb
Yes you can retire an asset in prior period where depreciation has already been posted. The system will recalculate the total depreciation for year in the retirement year and make adjustments (positive value) in the next period. You can then run depreciation again so the adjusted value will be posted .
Hope this helps.
Thanks
Sanjeev -
Post Write-off from Disputes with Approval Process
Hi,
we want to post write-offs using the dispute escalation process. before the write-offs are posted they need to go for approval. is there any functionality within dispute mgmt which can be leveraged to post write-off from the dispute with approvalHi,
When you set up the escalation proces with reason code write off you can do it in two ways. Set up a Workflow for the approval process. Escalations are specifically meant for that. This is possible with the standard workflow.
If you want to work w/o workflow. Then you can have the responsible person go into UDM_disputes query all specific escalation reason and e.g. change status or maybe create a different escalation reason. (E.g. Write off request/ Write off granted)
You can check if you can change the roles that certain functions can only set certain reasons.
Rgds,
Richard -
Write-off asset below or after certain Value of Asset.
Hi All,
I am try to write-off asset value from using ABZU - Write-Up But i am confused is it wright tcode or any other process please help me.
Regards,
juhiHi All,
Thanks
When I try to post write-off asset useing ABZU error will be coming You cannot post write-ups
We are using the Transaction Type - 700
Regards,
Juhi
Edited by: juhis022 on Aug 24, 2011 8:57 AM -
Hi,
I want to write off the asset value where WDV is below 5000 at certain perod end automatically.
how it is possible in system ? Or Pls let us know Which is the standard process recomended ?
Thanks
Nilesh R
Do not use SMS Language. Respect Forum rules.Hi All,
Thanks
When I try to post write-off asset useing ABZU error will be coming You cannot post write-ups
We are using the Transaction Type - 700
Regards,
Juhi
Edited by: juhis022 on Aug 24, 2011 8:57 AM -
Tables for additions/write-off/transfer of assets
Hi,
What are the tables for getting values reg asset additions/write-off/transfer during year/period.
Regards
AnkurhI
Goto SE11 - give in database table- ANLA---click on display tab -
click on contents Icon which is befire Technical settings
Goto Menu bar-settingsFormat lst-choose Fields
Thanks
P J Anil kumar -
Write off asset under construction
we have one AUC, we have create a PO for this AUC, the AUC has amount of 200K USD, we haven't transfer it to fixed assets, how to write off the AUC, (we want to completely write off this AUC, because the company code which creates this AUC going bankruptcy), I tried ABAON, ABAVN, but this is specific to asset, asset under construction can't be used. any idea? thanks
Hi,
1) AIAB - Distribute (update a rule with G/L settlement with a GL account for 100%)
AIBU - Settle (Execute settlement)
Or
2)
Posting direct FI entry.
FB01
Debit 40 posting key GL expenses to which you write off,
Credit 75 posting key Asset #
Best Regards,
Madhu -
Write off process--BAPI/FM ?
Hi All,
I've a requirement to do write off goods using a program.
I've gone through this thread: [write-off the MM inventory stock;
However, I need a FM or BAPI to pass movement type 551 and cost center?
I understand to write off, that has to be 'borne' by a cost center..so, should I pass cost center also?
Also would appreciate what other implications/ considerations I've to make while carrying out the write off process?
sorry, if am re-posting and this has been answered already..I did some searching but couldn't find hence posting.
Regards,
Raghu.thanks! I was in the wrong direction I was looking for an Inventory Adjustment process which is done using cycle count and differences posted using MI07 which uses movement type 701/702. So decided to use BAPI_MATPHYSINV_POSTDIFF with phy inventory document and fiscal yr etc..
Regards,
Raghu. -
Write off process in dispute management
Can some body throw more ligght on the write off process in dispute management . Including configuration steps(t-code), level of details / AR-table affected etc.
Thanks
NikIn order to write-off dispute case appropriate confiuration needs to be done which includes assigning an "Escalation REason" to Write off a dispute case.
This means that you have an option of writing off all dispute cases with a specific Escalation Reason.
The impact of the write off would that the customer invoice is cleared and written off amount is debited to a GL account defined in the configuration. You also have the option of Cost Center to which this amount has to hit to analysis purpose.
Raj/ -
Can anyone help me telling 'How Write off process with Tcode happens in FICA'. FP04 Tcode using for write off. What are the impact for this in CA, And how it displays in history.
Hi,
Please refer to the following documentation in help.sap.com-
http://help.sap.com/saphelp_utilities472/helpdata/en/14/08723521faee41e10000009b38f889/frameset.htm
There is no SAP standard process that triggers any change in the standard fields in the contract account level for a write-off.
However, from accounting point of view the following entries gets posted-
Bad debt A/c Dr
To Customer A/c.
Thanks
Amlan
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