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

Similar Messages

Purchase of Fixed Asset through Cash Journal

Please let me know whether it is possible to purchase a Fixed Asset through Cash Journal without the Internal Order route?

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

Credit memo for Fixed Asset

Hi Experts,
My company has purchased a fixed asset and found the item is spoil. It will be returned to vendor and receive credit memo from them. But I found the credit memo in SAP there is no column to let me key in my asset tagged number and it credits to my SUPPLY and MATERIAL account which should credit to my Fixed Asset account. Please advise what is probably way to key in credit memo?

Hi,
Acording to me you can reverse the MIGO Document or you can reverse the Asset Document through T-Code AB08 and then the entry will be reversed. Else youo can crerate a return PO and then do MIGO of Return PO by that once you execute MIGO then the entry would be reversed and hence the effect would be nullified. Kindly check the above solutions and revert.
Regards,
Malhar.

Purchase Order and Fixed Asset Module.

Hi all,
I want to print my purchase order of fixed asset for record purposes. But the thing, I can't link purchase order or any of A/P documents to my fixed asset.
Meaning, if A/P invoice has been added into the system, it will not update my fixed asset master data.
Therefore, I have to use PO for printing, since there's no way to print Fixed Acquisition as a document. By doing this, i need to maintain both Item Master Data and Fixed Asset Master Data with Fixed Asset items, which i find tedious.
Is there a solution for this, like perhaps there's a way to copy info from PO to FA acquisition, or Posted A/P Invoice that contains Fixed Asset item will be linked to FA Acquisition, or perhaps there's a way to print FA Acquisition (like a PLD) that i am not aware of?
Please do help.
Thanks upfront!
Rgrds,
Kevin
Edited by: Kevin Lau Sieh Huo on May 20, 2008 7:25 AM

Hi Kevin,
I am afraid to inform you that the print layout function is not
supported for Fixed asset transactions such as acquisition.
As you mentioned, if you want to use it as PO document, you will need to create PO in business one since no integration is realized between Purchasing in business one and acquisition in Fixed asset addon.
If you think this will have critical impact on your business process, please post your requirement in our SAP Business One Product Development Collaboration.
/community [original link is broken]
Please refer to SAP Note 1028874
https://service.sap.com/sap/support/notes/1028874
Regards,
Ivy Zhang
SAP Business One Forums Team

Fixed Asset Acquisition linking to Purchase Order

Hi,
I would like to know how the Fixed Assets Acquistion process can be linked to Purchase Orders created in SAP. The process of acquiring assets starts with the PO and they want to link the PO to the Acquisition process in Fixed Assets.
Regards,
Andrew.

There is no integration of Fixed asset acquisition and Purchase orders and therefore no way to link the two.
Look at this thread as well Purchase Order and Fixed Asset Module..

How to relate the Fixed Asset module to Purchase Order?

Hello experts,
Good day!
How can I relate the fixed assets to purchase order? Is there a ways, so that we can't create different item code for purchase cycle and fixed asset module...
2nd, how to Increase the net value of fixed assets ( vehicle, machines) without affecting Profit and Loss? what is the SAP process to do this? Please help me on this..
Thanks,
Mari

Hi Mari,
First I suggest you add a lot more info. Are you doing this in Crsytal Report Designer or are you referring to one of the SAP applications? If an SAP app then please mark this case as answered and post your question to the SAP forums.
If you are using Crystal Reports then need more info like the version and what those tables are and if you can use a common link?
Thank you
Don

Does any one know how Fixed Assets links to the Purchasing ledger?

Hi,
Does any one know how Fixed Assets links to the Purchasing ledger? As I have looked high and low and can't find any table mappings or anyway the ledgers link, this is a problem as I am struggling to track an asset back to a Purchase Order.
I have looked at http://etrm.oracle.com with no joy and any help with this would be great.

You would want to try this forum as well:
General EBS Discussion

Link between Fixed Asset and Purchase Order Tables

Hi,
I am working in Fixed Asset Report. I have a folllowing Doubts.Please clarify.
1. How to link the Fixed asset tables with PO_HEADERS_ALL
2. I took the Asset_Account field from FA_ASSET_DISTRIBUTIONS_V . But how to link with this table to other Fixed asset tables.
Please give me the link between these tables. It will be grate helpful for me.
Thanks,
Prakash

Hi,
This should be mentioned/explained in [Oracle eTRM|http://etrm.oracle.com/] website (which is down for now). Others who already know the exact link may be able to help.
Regards,
Hussein

Fixed Asset calculates extra period for Depreciation

Hi All,
I have imported the Fixed Asset for 2007B for the Year 2010. while checking the import, i notice that the system calculates an additional period for depreciation.
Here is my scenario :
a. Asset Cost = 15,863.12 (purchased on 31-May-2007).
b. Useful Life = 36
c. Remaining Life = 4
The above are displayed according to import file.
At the Depreciation Tab, there are 5 rows of planned depreciation calculated. Period 01 to Period 05.
How can the system calculates 5 periods when there is only 4 remaining periods for the asset?
This happens to all the assets being imported.
Please advise.
Jessie

Further information.
The Net Book value = 1762.94
with Accumulated Depreciation = 14100.18.
So the remaining 4 periods should be calculated as = 440.735 (per month for 4 months).
but it is displayed as 352.59 per month for 5 months.
The Fixed Asset is setup as Monthly Basis.
Using Straight Line Mehtod = Net Book Value / remaining life.

Fixed Asset Opening Balance

Hi,
Any idea to do (by import and manual create) the opening balance for fixed asset Mmaster data? Tried to search SAP notes or guide, only can find related topic on Import FA Master Data and not manual create of FA Master Data, and how to import the FA Master Data with belong to same Asset Type (same life-span) but due to purchase at different timing, now having different remaining life span).
Thank you.

Hello,
I am sorry for unclear answer. I did not mean that you have to develop addon.
after checking our client database, I see that one asset class will have same useful life and depreciation type which it means that different asset class can only the way to have different useful life (UL), and of course it will be different in depreciation type (DT).
For example : machine A : UL : 96, DT : SL12.5
land B ; UL 250 DT : SL25.
Hope you also could discuss with SAP support about this.
Rgds,

Fixed Asset Importation Issue (Capitalisation Date)

Hello experts,
I have an issue regarding fixed asset importation.
I've import the fixed asset master data correctly in the system, with it's correct capitalisation date, APC, depreciation cumulative value and everything else correctly in the master data. Under Administration --> Data Import/Export --> Data Import --> Import Fixed Asset Master Data from Microsoft Excel.
However, where the issue is, it's now on the fixed asset history sheet, where the capitalisation date, is defined as the first date of the fiscal year "01/01/2014". Where by none of these assets were purchased on that date. But everything else on the report is correct except the capitalisation date.
Due to this issue, it is hard to explain how an asset was purchased on 01/01/2014, which have a use full life of 4 years, has depreciate completely in 2015. But if I check in its master data, I find out the capitalisation date is like in 6 years ego.
Note: I'm using SAP Business One 9.0 PL11
Any suggestion, comment or help is highly appreciated.
Best Regards,
Cedric Kayitare

Hi Cedric,
Capitalization date won't change it self after import. Check your import sheet which capitalization date you have enter. you need to execute fiscal year change and then import sheet.
If you have capitalization date for different years then you should have all period created and then year transfer.
In that case you will have to run depreciation from SAP for all corresponding year.
Post your sheet with heading for more understanding.
Regards,
Chintan

Fixed asset import

Hi,
I understand the FA import only allow us to import starting from the beginning of the financial year (e.g. Jan 2010).
My question is what about fixed asset purchased after Jan 2010. My customer is going live on 1 Jul 2010. Does it mean they have to key in manually?
For asset purchased before Jan 2010, my depreciation start date should be Jan 2010, and the useful life should be equal to the remaining life. Do I need to date back my accumulated depreciation back to Jan 2010?
Thanks.

There is a SAP note containing a work around whereby assets can be imported for the current financial year, you should find it by searching the self help.
For the system to calculate the correct book value, you should import the original cost and the accumulated depreciation to date

Fixed Assets

Hi experts,
I did a acquisition with vendor through fixed assets add-on but I cannot see the particular invoice when I run the Purchase Analysis report(by Purchase Invoice)?So the report is inaccurate.
Why the fixed assets add-on is not linked with SAP standard modules? or I missed out some important settings?
Please advice.
Thank you.

The addon will create a journal but not an AP Invoice to the vendor.
If you want to see an invoice, create a service invoice to the vendor where the GL account is your defined Fixed Assets clearing account, then do your acquisition without vendor to the clearing account.

Automatic VAT code during fixed asset PO creation

Hi all,
We have a classic AUC acquisition process : through MM with IO allocation.
My question is = is it possible to automatically affect one VAT code relating to fixed asset acquisition during purchase order creation? (and not VAT relating to goods and services acquisition, we have to distinguish both with french rules).
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.
Thanks in advance for your answer.
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
***.invst.grant
Accm.ord.deprec     70.809,18 <- enter
***.Spec.dep.
***.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

Assets (Investment profile): Transfer value from AuC to Fixed asset

Good afternoon all,
We have implemented Assets across investments profile. The settlement of investment is u201CSummary settlementu201D and we do not have u201CList of Originsu201D.
We have created a project and then a WBS that automatically creates the AuC (asset under construction). Transaction code CJ20N.
Then we have created the purchase order (ME21N) and afterwards we have carried out an entry sheet (ML81N) where we have informed the WBS previously created.
Through CJ88 we have done the settlement of the WBS and we have checked it.
Now we have created the fixed asset and we would like to transfer the value of the AuC to the fixed asset. I am not able and I am a bit lost. I do not how to perform it.
Any idea?
Many thanks and regards in advance. Daniel

Hi Renfe,
If the asset is an asset under construction belonging to an investment measure, then the transaction code KO88 needs to be used.
Warm regards,
Murukan Arunachalam

Purchase of Fixed Asset

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