Procurement of assets

Hi friends,
Our client wants to handle the procurement of assets like computers, tables, chairs etc.. I feel this can be handled thru projects. But is there any advantage if I handle it thru PS?
Normally how is this procurement handled?
This is a bit urgent. Please help.
regards
Pratap.V

Dear vishnu
Let me illustrate, there two types of scenarios
1) procurement of material, which needs to be capitalized. - Normally In this case(which are direct procurement type, ex: purchase of computer, chair, etc.), no need to use PS module. Its unneccarily complicating the process .
2) procurement of material or services/material with long lead times (generally more than 6 months) with part deliveries, part payments, etc which needs to be capitalized.(ex: construction of new plant, office building) - PS module functionalites are very helpful.
Regards
Murali

Similar Messages

  • Methods of procuring an asset

    Dear Friends,
    I have gone through forum and reviewed all threads relating to capital/asset procurement but still i am unclear on the methods of procurement.
    Can some one clearly give difference between why should we procure asset
    1) with material code
    2) without material code ( using short text instead)
    I have referred the below thread Asset (Capital item purchase) for the same but have not found a precise reply for the same.
    Please advise & help as this is one of the queries raised by our client..
    Rgds
    Nandu

    Hi;
    You can Procure asset with material code or without material code
    As per my suggestion go with material code it will  help much better to track everything related to asset
    check following link it will clear you
    [http://www.sdn.sap.com/irj/scn/index?rid=/library/uuid/808c60ca-013b-2c10-34a2-94d1eb442e6f]
    Regards
    Kailas Ugale

  • Procurement of Assets and MRO items

    HI all,
    Can anyone share with me if return delivery is applicable to procurement of MRO items(acct assigned K) or Assets(acct assigned A)?
    Not sure if return delivery can be done for consumable materials..Hope to have a clearer concept on return deliveries..
    Thanks.

    Not possible with stadard functioanlity but you can make it work around
    like creating dummy non valuated material and take in the stock and when you need to return use this material
    but make sure that bussiness really want to da that

  • Procuring fixed Assets

    Hy
    How do you define fixed assets in inventory and what special attributes must be checked for it.How do we procure and recive in inventory please provisde details regarding this

    Hi,
    what could be the join b/w fixed asset and order management.
    Thanks in advance!!!
    Ramya

  • Procure to Asset  Complete Cycle

    Does anybody know all setups required to complete cycle from creating an item for asset ,creating PO, transfering asset to FA(rather than inventory) and paying this invoice etc .does any body have this test cycle-

    1.Create an item that is purchasable but not inventory item and assign and expense account which is equal asset clear account the asset category of your choice.
    2.Assign asset category to the item in the item master
    3.Enter a PO for this item
    4.Make sure accrue on receipt is not checked (which should be by default)
    5.Check the distributions that the account is defaulting as the account you have chosen in the item master
    5.Approve the PO
    6.Match the PO to the invoice and see that the account that you have used in the PO distributions defaults into the invoice distributions.
    7.Track as an asset flag should be checked here as well
    8.Validate and account the PO and transfer that to GL.
    9.Run the Mass Additions Create
    10.Run Mass Additions Post in FA
    11.Asset should be created.
    Thanks
    Nagamohan

  • Capturing of Excise for  Procurement of Assets

    Dear SAP Gurus,
    When excise invoice is captured, material is a capital goods and the
    material attracts more than two types of duty ( ex: BED and Education
    cess) . Error "Balance in transaction currency " (F5 702) is
    encountered while posting excise invoice if the duties are having odd
    numbers.
    Example: Total BED duty = 160.11, Total ECS duty = 3.23. Then while posting the excise invoice  error message is encountered.
    Our system is version 4.6C, and we have implemented SNote 763141 Note
    763141 - Error: Balance in transaction currency - J1IEX.
    We're not sure why we're still facing this error. Can you help? Will reward for any helpful suggestions. Thank you.
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    Message was edited by:
            Ju Lee Tan

    Hi Kedar,
    My previous simulation shows that Debit and Credit Balance doesn't match because of this odd decimal reason. And when you do a simulation in J1IEX, it will be display mode, thus, user will not have a chance to adjust the values.
    Any idea how to resolve it?
    Thank you for your reply and time.
    regards,
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  • Budget Check against Asset Procurement

    Hi,
    We have defined the budget profile and assigned the same in the project and we have loaded the budget against WBS element of AED 10000 and we define the tolerance limits as below
    Usage %    Indicator
    75              Warning
    85              Warning with mail
    100            Error message
    And also we assigned the same WBS element is asset master record and while we procuring the asset through PO for AED 9000 it is giving an error message of funds committments is less than 1500 by budgeted amount.And if we give lessthan  AED 8500 it is working fine and also for more than AED 10000.
    Why it is giving the error mesage number BP613 even the funds committments were less than budgeted amount.

    You can achieve your requirement thru PSM-Funds Management , by creating commitment items, you can control the asset procurement.
    First search on the web for the PSM-FM documentation and then configure it.
    And for the Acc Assign Cate A, change the field statuses for FM related fields.

  • Capital Goods(Asset) Procurement

    Hi all,
    I have a scenario where company is procuring an asset and the vendor from which the company is procuring the Asset is sending that Asset in different parts like for a whole machinery the vendor is dismantling at its end and then assemble inside the client premisis but sending in different shipements
    Now requirement is In the PO there is only one line item with Asset code, GR is to be done for all the Dismantled parts and for that parts material master is not maintained, on some of the dismantled parts excise entry is required.
    When is Asset is assembled i have to show the GR entry for complete asset and have to update my RG23C register for both Part1 and Part2 entry.
    How to map such a scenario??
    Regards
    Akshit

    Dear ,
    I feel u want to take the Credit for the Parts material.
    In J1IEX  use the option without PO & take the credit.
    In this u don't ahve to create the material code,by using material Description of u can take the credit.
    Pi. use this .
    Biswajit

  • Asset Procurement  Cycle need info in sap mm

    Hi All.
    Thanks  in advance for all sap mm dudes.
    Need Asset procurement cycle steps in sap mm.
    From creation of asset,
    Then any inforecord, source list, etc.
    Next Purchase order,
    Next MIGO details like FI Documents,
    FINAL MIRO  with Transaction details.
    Regards.
    Parameshwar
    Note : Search forum or in other sap resources(articles,sap help,wiki etc.,) before posting.
    Edited by: Jeyakanthan A on Jul 22, 2011 2:36 PM

    steps to process the procurement of Assets:
    1. Create requisition ME51N
    2. Release PR if release procedure applicable- ME54N
    3. Create Asset Master by Finance department.- AS01
    4. Create PO (ME21N) with ref to the requisition. Ensure that you select the Account assignment category as 'A'. Enter the asset number, in account assignment tab. The PO can be created without material or if it with material to keep a track on the stock, you can use Non-valuated material type.
    5. Release PO - ME29N or ME28
    6. Print PO (ME9F)
    7. Carry out GR against the PO (MIGO)
    8. Advise finance to update the Asset Master (AS02)

  • Asset material procurement

    hai,
    Anybody knows the procurement of Asset materials.
    Tell me the steps from material creation to Invoice verific..
    Thanks

    U can do it many  ways . For example
    1) Non valuated( UNBW Material type) Material code can be created for this purpose and can be used for asset procurement . Probably this materials will have qty tracking . Procurement will happen with asset account assignment. when ever GR or IR is done , cost is booked to the asset.
    2) U can procure the material and keep it in inventory and the material can be issued to the asset account from the inventory by movement type 241.
    3) asset procurement can be done without creating the material also . in this case the tracking of the asset by material is not possible.
    Based on the requirement , any one of the above can be adopted
    Regards
    Mani

  • Asset acquisition value is not updated in Profit center as well as segment

    Dear All,
    I procured an asset through MM, (MIGO and MIRO). the acquisition value is updated in the asset master as well as GL account. but no value is updated in the profit center and related segment.
    I did the following (using ECC 6, document spiltting activated)
    1. Asset master data created and cost center assigned. Profit center is assigned in the Cost center and Segment is assigned in the profit center master data.
    1. me21n - po created
    2. MIGO - done
    3. MIRO - done.
    Can any one help me to solve this issue
    Looking forward your valuable reply
    Thanks in advance
    regards
    Govan

    Hi
    Please check whether cost center is suppressed field for the respective GL Account. Also it seems that you have not made profit cneter as mandatory field. Goto IMG> Financial Accounting (New) > General Ledger Accounting (New) > Business Transactions > Document Splitting > Define Document Splitting Characteristics for General Ledger Accounting . Here you can make the mandatory field as per requirement.
    Warm Regards

  • Asset

    hi,
    sap guru
    plz give me the steps for procuring the asset material alon with creation of master data for upto invoice verification.
    give full details
    thanks
    rahul

    hi,
    create asset master with AS01
    and use the material in PO with acc *** cat as A and save the doc and
    next process is same as the standard po process

  • Different GL Account for WRX for Separate Asset Class

    Hi Gurus
    We are on 4.7 in a Production environment. We have the following scenario:
    We have created a new asset class called as LA. For procurement of asset from this asset class, we want to maintain a different GL in the WRX (GR/IR) account key in OBYC. All the other assets should use the default WRX GL account except the new asset class LA.
    Pls advise on how to achieve this.
    Regards

    Hi
    Asset postings will not be based on valuation class/ class. What ever is the default GL account assigned in WRX (without valuation class) postings will hit that account.
    Thanks

  • Purchase order for asset

    Hi All,
    I have asset material. And i want to procure that asset material in Account assignment category F(Order).
    So when i am doing MRN/GR for that material. Financial entry is hitting as following.
    Expense account Dr.
       To GR/IR Asset account Cr.
    But i want that it should not hint GR/IR Asset Account. It should hit GR/IR General Account.
    Will it be possible after createing new material?
    Regards,
    Zubin

    Hi
    Its all dependednt on the Valuation class being assigned to your asset material. If you cahnge the valuation class to general material then it will hit genereal Gr/IR account
    Thanks & Regards
    Kishore

  • Purchase of Fixed Asset

    Hi
    Where does the account code combination of asset item defaults while creating purchase order.How asset item are defined in inventory.where does the clearing account come from while creating purchase order?
    Please let me know the complete flow with accounting entries.
    Thanks

    Hi,
    You can not procure Asset directly from Cash Journal. Also it is not the Best Practice to procure asset from Cash.
    Still if you want to procure an asset from Cash Journal, there is a workaround available. You have to route the transaction via Clearing Account (Balance sheet A/c). The Business Transaction in the Cash Journal will be mapped to a Clearing account specifically created for Asset Procurement. The entry which will be passed is
    Asset Clearing Account Dr.
    Cash A/c Cr.
    Then you will have to pass a entry for taking this amount from the Asset Clearing account to the Asset. The entry will be
    Asset A/c Dr.
    Asset Clearing Account Cr.
    You have to activate the Open Item Management for the Asset Clearing Account.
    Regards,
    Amit

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