Revaluation of Fixed assets

After posting asset revaluation using transaction ABAW- Bal Sheet Valuation an internal asset document is created which update the asset values as shown in asset explorer report however not updating the G/L accounts. How then are the G/L accounts updated for the assets balances to match with the G/L account balances?

When running AFAB at the end of the month I see that only a part of the revaluation is posted into GL, the rest will be posted within the folowing periods of the year. How can I get the whole revaluation posted into the period where revaluation was done?

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Error Message of - APERB023 during Revaluation of Fixed Assets- AR29N

Hello Experts
I would like to carry the revalution of fixed assets for certains assets w.e.f. 01.04.2011 (our financial year is April to March).
Last Depreciation Run we did is March'2011
Our Fiscal year variant is April'2011 to March'2012
We are carrying the revaluation run through T.Code AR29N under "New Valuation of an Asset".
We have choosen the apporpriate Transaction Type and choosen "with depreciation written back" option.
Also, we have choosen the revaluation area " from start of fiscal year - 01.04.2011"
While exeuction of AR29N, we are getting the following error
Revaluation data does not agree with date of depreciation posting
Message no. APERB023
Diagnosis
You want to execute the revaluation posting in period 001/2011. This requires that this period was the last period posted by the depreciation posting run. No other period may be posted after that. The posting run for this period is also not allowed to be still outstanding. According to the log table, the last run posted was 012/2010.
System Response
Posting is not possible.
Procedure
Correct the revaluation date
Is it necessary to carry the April'2011 deprecaition run, if we wish to carry the revaluation run for the month of Apr'2011
Kindly revert
Regards
Anil Kumar

Hello Experts..
SAP system is demanding, the Depreciation Run (AFAB) for the month of Apr'2011 before carring the revalution (T.Code AR29N) with posting date as 01.04.2011
However i am being unable to find any SAP documentation / FAQ's, where the pre-requisites of AR29N.
Kindly share your experience, if any configurations points, that i need to check in order to avoid the error.
Regards
Anil Kumar

Steps for Revaluation of Fixed Assets?

Hi
Friends,
Can anybody done Revaluation of Fixed assets for portugal country? If yes could you explain the steps to be configure.
Anil

now when I save the document following error is appearing
Revaluation 01---dependent dep area 20 is missing for area 01.
Revaluation 01---dependent dep area 31 is missing for area 01.
Revaluation 01: Dependent dep. area 20 is missing for area 01
Message no. AC721
Diagnosis
You entered depreciation area 01 for revaluation measure 01. Depreciation area 20 adopts identical values from depreciation area 01. In order to ensure that values are also identical for revaluation measure 01, then depreciation area 20 also has to be included in the measure.
System Response
Data is not saved on the database.
Procedure
Depreciation area 20 has to be included in the revaluation measure.

How to post/configure revaluation of Fixed Assets

hello gurus,
i want step by step customization for revaluating fixed assets.
regards,
anand

Hi,
For revaluation of asset we have two options available
1.Indexed Replacement:In this case change in value of asset is posted automatically at the time of depreciation posting.In this method we have to define index series.Follow the steps given below
a. Deifne dep area (OR64) In this step we determine the dep area in which we want to manage revaluation of assets.
b.Define Index series(OAV5)
c.Enter index series in asset class or asset master record(as02) for the specific dep area.
2.Revaluation with Inflation management: In this case either we can go for one time revaluation or periodic revaluation.

Fix Assets Revaluation Reversal - ABAW

FA Experts,
I posted a revaluation to fix assets thru tcode ABAW. After my reconciliation of the assets I realized that one asset was posted twice for the same amount in revaluation. Before I did thi I change the depreciation key as well.
Does any one knows how to reverse a revaluation amount for a single fix asset?

I was able to reverse the entry by using same tcode ABAW and selecting 897 Revaluation (downward) current year
then re-run depreciation as a repeat and both entries will net out to zero.

Fix Asset - Write Downs Impairment

FA Experts,
Our company is in the process to book an impairment amount to some of our manufacturing assets. Since this is a procedure rarely use I am not too familiar with the configuration process. We have SAP 7.0 does anyone have any information as to where I can find information as the best SAP practice for Impairment? or can anyone point me to the right direction? I have done some research in the SDN but I am not finding detail information that can help me enough as to what to watch out for and how to configure it, reports available etc.
Your help will be greatly appreciated

Here are the steps I took for impairment, basically SAP does not provide an impairment procedure as there are many ways of doing it. We did a REVALUATION of fix assets using tcode ABAW.
Here are the steps you need to configure:
1) FI     SPRO     IMG > Financial Accounting > Asset Accounting > Integration with General Ledger > Post APC Values Periodically to General Ledger > Specify Document Type for Periodic Posting of Asset Values
2) FI     AFAMP     IMG > Financial Accounting > Asset Accounting > Depreciation > Valuation Methods > Depreciation Key > Calculation Methods > Maintain Period Control Methods
3) FI     AFAMS     IMG > Financial Accounting > Asset Accounting > Depreciation > Valuation Methods > Depreciation Key > Calculation Methods > Define Multi-Level Methods
4) FI     AFAMA     IMG > Financial Accounting > Asset Accounting > Depreciation > Valuation Methods > Depreciation Key > Maintain Depreciation Key
5) FI     AO90     IMG > Financial Accounting > Asset Accounting > Integration with General Ledger > Assign GL accounts
6) FI     OABW     IMG > Financial Accounting > Asset Accounting > Special Valuation > Revaluation of Fixed Assets > Revaluation for Balance Sheet > Determine Depreciation Areas
7) FI     OAYR     IMG > Financial Accounting > Asset Accounting > Organizational Structures > Specify Intervals and Posting Rules
regards,

Depreciation on revaluated fixed asset

Dear Experts,
I have revaluated fixed assets. My query is that, while posting depreciation on this revaluated FA, the depreciation should be calculated from the asset value date mentioned in the master record of the fixed asset or system should calculate depreciation from the asset value date mentioned in the 'revaluation posting transaction'? How it is calculated in the general practise in asset acccounting? This depreciation should be calculated on the new acquisition and production cost.
Please help
Thanks and regards
Aniruddha.

DEAR
if you using AB01
the config for posting revaluation in book dep area 01 is as follows:
> in the dep area 01 mark fields,revaluation,transfer of reserve and rev ord dep as all values allowed.
>in specify intervell and posting rule mark revaluation button on.
>AO90 assign the gl account in the asset classes which have to be revalued in assign g/l accounts area.
>   if going for one time rev .give seperate rev measure.in define rev measure screen.
>   post revaluation in abaw.
>   while running afab the amount will get posted make sure it is planned posting run
MAKE SURE THIS FACT AB01 INCREASES YOUR BOOK VALUE BY REVALUED AMOUNT. BUT IF YOU WANT NEW VALUATION POST NEW VALUATION THROUGH AR29N
if you using AR29N go to new valuation of asset tab.
for using that you 1st need to create a transaction type in AO73 with credit transaction, doc type --aa , post gross ,do not post to affiliated company. go back and limit transaction to dep area.
define reval measure
now revaluate asset in AR29N
regards
rohit

Fixed Asset failed to do a capitalization credit memo

Hi All
financial period April - Mar
I have this fixed asset capitalized on 1 May 2014, from A/P invoice at the price of 14,649.37. I have done the depreciation run for May-Jul (period 2 - 4). Now I want to do a capitalization credit memo on 1 Aug 2014 and noticed that it prompted me error even though I have just put $1. Then I tried to do an asset revaluation, realized that the NBV is negative now. I believe this is the reason why the cn is disallowed, but I have no idea why it has fallen to negative value. Please kindly advise.
At first I thought the quantity matters, because I didnt put "Consider quantity" in the AP invoice, so the capitalization which was created automatically has zero quantity. But later on I realized that I have other asset which has also zero quantity and has done depreciation before, yet managed to do a credit memo.
In the asset class, I set to SL1, but in the fix asset master, i changed to SL. I dont this is the cause of the error.
The (1627.76) is derived from the depreciation, 406.94 * 4 months (May, Jun, Jul, Aug) even though the depreciation for august has not been done yet.
Regards
Yvaine

Hi,
Please refer SAP note :
1898965 - 9.0 - Cannot add AP Credit Memo or Capitalization Credit
Memo for fixed assets
Thanks & Regards,
Nagarajan

How to create crystal report for fixed assets

Hi,
I am beginner to SAP B1. I have to create crystal report on fixed assets. for the following fields I have to get data.
Fixed Asset,
Cost of Fixed asset,
Disposal of fixed asset
Scrap of fixed asset
Additional cost on fixed asset
Fixed asset cost after additional cost
Rate of fixed asset –Depreciation item cost - Percentage
Depreciation of fixed asset on item cost
write-up cost on fixed asset –write-up
Rate of fixed asset-Depreciation on write-up cost --percentage
Depreciation of fixed asset on write -up cost
Net Book value of fixed asset.
your help here is appreciated.
Thanks,
Challa

Hi,
Actually they are not going to standard reports as Revaluation amount we are creating User defined fields and that needs to be fetched to the report. As well they want original cost, depreciation original cost, Revaluation amount and depreciation on revaluation separately..
As per my understand system will provide one cost and the depreciation on that.
So, can somebody help me in guiding me..
Thanks in advance.
Thanks,
Challa

Best Practice for Impairment Of Fixed Assets

Dear friends,
I have seen lots of thread about impairment of fixed assets. However, lots of it have different solutions and some resulted in need to use different depreciation area too.
Since IFRS is so common to all countries nowadays, I believe SAP should have a standard solution for treatment of impairment for fixed assets. Basically, it should affect only depreciation area 01 so that asset history sheet will show all movement of fixed assets in one sheet, show reduced the depreciation calculated IMMEDIATELY (not only in new fiscal year when using unplanned depreciation), and also be able to reverse that impairment accordingly subjected to limitation of earlier impairment value and what taken out via reduced depreciation.
What is the BEST standard practice that all consultants can use as long as that country follow IFRS? Other packages already have a fixed solution but in SAP, we are still disputing which is the right one.
Thanks,
Stephen Siew

Hi Stephen,
How you set it up is based on your bussiness requirements, (paralel ledgers, currencies,...) In the most cases you have more depreciation area's some are creating posting other ones are statistical.
I think in the most cases you will have a minimum from 3 depreciation areas
01 Local books Real-on that create postins
02 Tax book Based on the local tax rules
10 IFRS Create postings or not
When you use IFRS you have to think about the transaction AR29N - Post Revaluation and New Valuation (see the help there).
With this transaction you can upload (new) values from am excel file Search on this forum with AR29N, Marcus give some tips about it
You can use idexes to for doing the revaluation

IAS 16 Compliance in Fixed Assets Add-on

Is the Fixed Assets Add-on in SBO compliant with IAS 16 in terms of revaluation of an asset.

Hi Karl,
Kindly check the following thread, though it is not talking about IAS 16, you can find more info regarding this add-on from the link:
Fixed Asset Add-On in India
Thanks,
Gordon

Inflation Accounting on Fixed Assets

Hi ,
Could anyone advice how to configure for Inflation Accounting on Fixed Assets wherein Accumulated Depreciation needs to get Revalued.
Is there any Notes to be applied in this regard.
regards,
M Suresh Kumar

You can use as basis SAP Note 725957 - Inflation adjustment of fixed assets in Turkey
https://service.sap.com/sap/support/notes/725957
The compleet set-up is in there, perhaps there is a version for your own country
Me setup is:
03 Local books               (create postings)
13 Local books inflation   (create postings)
14 = 03 + 13                  (for reporting)

Difference between doing revaluation of an asset and posting a credit memo

Hi all,
My cleint wants to know what exactly is the difference between posting a credit memo to an asset and doing revaluation of an asset.
Any help is appreciated.
Thanks,
Krishna

hi,
revaluation: An adjustment to asset values to compensate for a reduction in the value of a currency because of inflation or when adopting market value principles for the valuation of fixed assets.Revaluation enables you to valuate assets at their replacement value (which differs from the acquisition and production costs).
credit memo: A posting that reduces the balance of the asset
A.
pls reward useful answers
thank you

Import Fixed Asset by excel

Hi Every one,
     I am importing FA in SAP B1 PL 09 but failed, with system message log " Its active depreciation areas must be the same as those defined in the corresponding asset class. I checked depreciation areas and asset class, They corresponded to each other.
     Please help me to find way to solve this error.
Thanks & Best Regards
     Loan Tran

check below..
Fixed Asset SAP Business One 9.0 Configuration

Importing the (active) Fix Asset with ◦Accumulated ordinary depreciation to Sap Business One 9

Hi all,
I'm trying to upload the Active Fix Asset to the SBO (no new).
for example:
item:                          FixAsset
Useful life :                48 (month)
Remaining Life:        12 (month)
APC(Historical cost): 10000
Accumulated Ordinary Depr.: 7500
So Value Balance: 1500
and Life Balance :     12 month
I have tried to Import active ITEM by Excel ,follow this link : Importing Fixed Asset Master Data from Microsoft Excel - SAP Business One 9.0 - SAP Library
every time recieve the message :
Cannot import asset "fixasset"; a new asset's useful life and remaining life must be the same in depreciation area "AFA"

Hi,
Please check SAP note:
2001876 - The system does not consider the Salvage Value nor the
Remaining Book Value when you import assets
Thanks & Regards,
Nagarajan

Revaluation of Fixed assets

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