Sale of assets

Dear all.
  My clined want to sell the assets. if I use the f-92. it is ok. but my client want to take sale invoice printout. It that possition. what i have to do. pl guide me .
girija

Solution is Available
Create a material Number
Book the value and qty of the asset against the material number.
Scarp the asset.
Entry will be
Loss On Scarpping Dr
To Asset Cr
Sale the material through normal invoicing route.As the value and qty of the asset is there in the Material the Invoicing will happen.
Entry will be
Customer Dr
To Sale Cr
The trf the Asset scarping entry (Through JV Route)
Sale Dr
Loss on Scarping Cr
Profit/Loss on Sale of Asset Dr /Cr

Similar Messages

  • Accumulated depreciation is not posted at the time of  sale of asset with r

    hi
    all
    i have created a asset with acquisition date 1.4.2011. i have posted the  acquisition value as 20000 inr.
    i have executed the depreciation run in  AFAB t.code  for april2011, may 2011,.. the depreciation is posted. in august i am retiring the asset with revenue in f-92. at this time  the accumulated depreciation is not debited .  the system is taking the difference between the acquisition value and sale proceeds  to loss on sale of asset directly.
    pls suggest me what is to be done
    thanx  in advance

    yes, i have assigned  the GL account for the accumulated depreciation on the asset in AO90.  when i  execute the depreciation run the system is posting the entry
    depreciation a/c     dr
        to  accumulated depreciation on asset a/c
    but at the time of retiring the asset  it is not debiting the accumulated depreciation on asset a/c.
    any how thanx for Ur reply

  • Sale of asset (Output Taxation Issue)

    Hi,
    While doing Sale of asset through F-92, and inputting Tax Code... The system gives following error despite of all the configs related to L2 has been made in the system:
    Tax code L2 country IN does not exist in procedure TAXJFA
    Message no. FF713
    Diagnosis
    You entered a tax code which is not defined for the country of the company code to be posted to in the tax calculation procedure.
    System Response
    Procedure
    Check and, if necessary, correct the entry.
    Procedure for System Administration
    If it is not an input error, check and possibly change the system settings.
    To do this, choose Maintain entries (F5).
    Check whether the company code is assigned to the correct country and whether the correct tax calculation procedure has been entered for the company code country.
    Create a new tax code if necessary.
    Caution:
    Since it is possible that the tables in question are being updated at a different time on another computer, it can take a certain amount of time for the tax code to be on all local machines in client server architectures after saving the new code.
    KINDLY ASSIST ON THIS ISSUE

    Hi sagar,
                 follwo the following steps
    Spro->Financial Accounting->Financial Accounting Global settings--->Tax on Sales/Purchase,
    Now in basic settings first of all check the "Assign country to calculation procedure" if it is correctly define then check in to "specify structure of tax jurisdiction code". These are the only two option due to which problem is creating.
    Regards,
    SAP.Tactics

  • Accd dep is not coming as a line item in Sale of Asset.

    Hi Fi Experts,
    The issue related to Asset a/cing.
    I have configured everything in Asset a/cing, while doing the Sale of Asset (F-92), i suppose to see all the 6 Line items, but i am not getting the Accumulated dep one, cud u pls help me out, whts the mistake i have done or if i have missed any settings..
    rgds
    Raj.

    Hi
    In Asset Accounting Configuration , Assign GL Accounts-- AO90 , you must assign Accumulated Depreciation A/C for Ordinary Deprecaition and Expense A/C for Ordinary Depreciation.
    If you double click on Depreciation you will get these fields which GL Accounts to be entered.
    This will solve your problem.
    Regards
    Venkat

  • Mass sale of asset using t code.abaon.

    Hi All
    Mass sale of asset using t code.abaon
    *After there is a difference between area 63 Asset history sheet and the Account balance list which wasn't their prior to this sale. The difference is between summarizing all of the dep. columns and comparing that to the Accumulate Dep. in the same sheet.
    Now The EVL assets are Finland specific. They are used to post gaine/loss for sales and scrap in tax area, so they are effected by the sale.
    Awaiting for solution

    hi
    is there any table or program to clear the difference.
    plesde let me know
    thanks

  • Legacy Asset Net Book Value is Zero-Want to post Sale of Asset for the same

    I have Scenario
    We have upload the legacy Assets in Year 2005. One of the Asset Net Book Value is Zero. When we are trying to post Asset Retirement, the for that Asset following is error message received:
    "Retirement of Old Assets data not possible (No Existing old Asset Data).
    Though in the books the Net book value is Zero, we have received profit on sale of Asset.
    How post the profit on Asset & also how to take it from the gross block.
    Thanks
    Rags

    Hi,
    the e-message stated, that you must use another transaction type:
    so not a transaction type with old asset data like 210.
    try / test  transaction types : 250-275
    pls reward useful answers
    thx.
    Andreas

  • Asset accounting ----sales os asset - pls urgent

    Hi
    I have one small doubt.
    i have asset that total amount is 250000/(computers)
    i run depreciation for 2 month.(30%)
    but i want sale my keyword (25000/-)
    but i am not getting
    what transction code can i use ?
    what is the entry can i have to pass?
    waht is the asset transction type ?
    pls explain me

    Hi,
    If you are scrapping the part of asset, the T.code ABAVN.
    In T.codes ABAON & ABAVN, you need to select is it related to "previous yr acquisition" or Current yr acquisition" in partial retirement tab page.
    Regards,

  • Sale of assets cycle

    Dear all,
    pl explain the procedure / steps for assets sale step by step .
    Regards

    Hi Venky,
    please check the SAP Help Portal documentation on Fixed Asset Accounting. There is one complete chapter about the topic asset retirement. It´s explained in detail what is scrapping or selling the asset. With/without revenue, Posting of Gain or Loss, etc.
    It should answer all your questions in detail.
    Regards,
    Markus

  • Sales of assets...

    hi all,
    i know that assets are sold in fi module. is it possible to open a sales order for an asset?

    Yes we can make asset sales, provided sales view should have been maintained for the asset material code
    In fact, on excise duty part, if the asset is purchased with duty paid, the same amount should be charged while selling also.  If not, while selling also, it should not be charged.
    thanks
    G. Lakshmipathi

  • Fixed Asset Sale through SD & AA Module

    Dear All,
    While selling the fixed asset, carried out the following procedure. Is it correct?
    In India, we need to pay excise. Due to this, the asset which is required to be sold, needs to be created as a material.
    Following steps are carried out -
    a) Material code created under Material Type Finished Goods with Sales View. Value of the asset which is to be sold is put in as a Standard Price.
    b) For sale, created inventory of the Finished Goods ( which is created for the asset) by way of Initial upload.
    Accounting Entry - Finished Goods -
    Dr 25000
                                   To Initial Upload -
    25000
    c) Now, through SD , created PGI i.e.Post Goods Issue.
    Accounting Entry -
    FG COGoods Manufactured -
    Dr 25000
    (Exp Account)
          To Finished goods               25000
    d) Billing Document Created
    Accounting Entry -
    Customer Account -
    Dr   17996.16
        To Sales Offsetting A/c                  15000
        To Cenvat Suspense                        2400
        To Cenvat Suspense                           48
        To Cenvat Suspense                           24 
        To CST Payable                               524
    Excise Document Created
    Cenvat Suspense A/c -
    Dr   2472
               To BED Payable                      2400
               To E.Cess Payable                      48
               To Hr E.Cess payable                   24
    e) Now carried out Asset Accounting Transaction
        ABAON - Asset Sale Without Customer
    Accounting Document created
    Sales Offsetting Account -
    Dr 15000
    Loss on Sale of Asset            Dr   9996
    Accumulated Depre               Dr         4
         To Asset Account (sold asset)               25000
    I m not sure on the initial upload & FG COGM effects. Whether I carried out correct process? Whether the accounting effects are correct?
    Pl help. this is very urgent
    Thanks in advance,
    Gov.

    Rakshith,
    You are using Asset Sale Clearing Account for credit istead Non-valuated material. Your the Asset is your "stock material".
    please also check:
    Sale Of Fixed Assets from SD
    Sales Order For Asset Sale
    regards

  • Sale value of group asset- sub asset more than wdv less than group total

    Hi,
    I am maintaining group asset for Income Tax Depreciation. All the asset under the same class is consider single asset for Income tax purpose. For eg value of Plant and machinery under Income tax is derived for all asset totaled together after depreciation for the year. Thus P&M is considered single asset for calculating I.T. Depreciation, even though it may contain 100 assets.
    For Income tax, for P & M class of asset depreciation for first year is with different rate and for rest years with different rate. Hence I have maintained sub asset for this group asset. Whenever a new asset is purchase, for income tax purpose it is recorded in the newly created sub asset number.
    The problem arises in sale of asset. When I am selling any machinery the sale value is deducted from the group value for IT purpose. In this case even though the value of sale is higher than the WDV of the individual asset it is adjusted in total. While configuring this in SAP I am facing following difficulties-
    1.     As the rate of depreciation is different for different years I am not able to maintain a single group asset. I have to create a sub asset. This facilitate the right depreciation calculation by different dep rate for purchases in diff year.
    2.     But as I am maintaining different Sub asset the sale value cannot exceed the balance of that particular asset, even though the total value in SAP for all the group assets is higher.
    3.     I can not allow having negative values. Negative values are not allowed to maintain in IT Records.
    Please help to resolve the issue.

    Hi,
    I am maintaining group asset for Income Tax Depreciation. All the asset under the same class is consider single asset for Income tax purpose. For eg value of Plant and machinery under Income tax is derived for all asset totaled together after depreciation for the year. Thus P&M is considered single asset for calculating I.T. Depreciation, even though it may contain 100 assets.
    For Income tax, for P & M class of asset depreciation for first year is with different rate and for rest years with different rate. Hence I have maintained sub asset for this group asset. Whenever a new asset is purchase, for income tax purpose it is recorded in the newly created sub asset number.
    The problem arises in sale of asset. When I am selling any machinery the sale value is deducted from the group value for IT purpose. In this case even though the value of sale is higher than the WDV of the individual asset it is adjusted in total. While configuring this in SAP I am facing following difficulties-
    1.     As the rate of depreciation is different for different years I am not able to maintain a single group asset. I have to create a sub asset. This facilitate the right depreciation calculation by different dep rate for purchases in diff year.
    2.     But as I am maintaining different Sub asset the sale value cannot exceed the balance of that particular asset, even though the total value in SAP for all the group assets is higher.
    3.     I can not allow having negative values. Negative values are not allowed to maintain in IT Records.
    Please help to resolve the issue.

  • Is it possible to sell assets through a sales order

    Hi,
    Is it possible to sell assets through a sales order?
    Kindly help me
    Thanks
    Supriya

    Hi
    The basic process are as under:
    1. You need to create the asset as non valuated material
    2. You need to define a pricing procedure for the sale of asset. This would enable you to create a commerical outgoing invoice as well as capture all the taxes involved.
    3. You need to assign suitable revenu and tax accounts in VKOA
    4. Create a Sales Order and do the billing. This should create an Accounting entry
    Customer A/c Dr
         Revenue - Asset Sale Cr
         Sales Tax/Vat Payable Cr
    5. You need to create an outgoing excise invoice for the asset
    6. Through T Code ABAON, you need to pass an entry in Asset Accounting for Sale of Asset, with Revenue and W/o Customer. This would pass the accounting entry
    Revenue - Asset Sale Dr
        Asset Account Cr
    Hope this clarifies
    Thanks & Best Regards
    Sanil K Bhandari

  • Vat charge when we sale asset through asset accounting f-92

    what configuration settings we need to be done to charge vat on asset sale through asset accounting f-92.

    Hi Abhi
    What I have seen clients doing is this:
    They post F-92 to remove the assets from the assets register...Either with or without tax
    Then they post VF01 with 100 discount so that VF01 posts only the Tax amount incase its not posted in F-92
    Later on you can print the invoice from SD and pass it on to the customer
    br, Ajay M

  • No need of the Profit/Loss account in asset sale

    Hi friends,
    When I sale the asset, it would be generated the below entries:
    001 01       (0015006599 WIPRO LTD                )                   20,000.00 ;                
    002 50       (0031000040 Sales Of Assets        )                   20,000.00-
    003 75       (0020000070 001042170010 0000  )                   20,000.00-
    004 70       (0012000070 001042170010 0000  )                      2,000.00
    005 40       (0031000040 Sales Of Assets         )                    20,000.00
    006 50       (0033100010 Prof Sale Of F.Asst ;   )                      2,000.00-
    But, my client wants to no need of the profit/loss of asset accounts.
    User expected the below entry.
    001 01       (0015006599 WIPRO LTD                  )                       20,000.00                
    002 50       (0031000040 Sales Of Assets          )                       20,000.00-
    003 75       (0020000070 001042170010 0000    )                       20,000.00-
    005 40       (0031000040 Sales Of Assets           )                       20,000.00
    Please suggest the how to change the setting.
    Thanks,
    Chandra.
    Edited by: Chandra on Nov 20, 2010 12:05 PM

    Ask your user to follow a course book keeping!!!!
    003 75 (0020000070 001042170010 0000 ) 20,000.00-
    004 70 (0012000070 001042170010 0000 ) 2,000.00
    The net Book value was 18.000
    003 75 (0020000070 001042170010 0000 ) 20,000.00-
    Now you post 20.000
    There is still a net book value from 2.000 on the asset but it is sold!!
    In your depreciation key is a period control rule there you found the basis when the depreciation stops for an asset with sales. This is working in combination with asset value date in your posting. (then perhaps the 2.000 depreciation is posted in the comming periods)

  • Issue with F-92 incorrect accumluated deprecaition calculated in the sale

    We have discovered that SAP processes the disposal in a correct way but very strange.
    We found that although it does not do what appears to be a correct entry for accumulated depreciation at the time of the disposal (f-92) it proceeds to do a follow up correction in the following  monthsu2019 depreciation run to  make up the u2018shortfallu2019 on the accumulated depreciation.
    I can best demonstrate this by an example of a sale that was made in recently.
    Below is the retirement journal for the disposal (F-92) of asset 140769 in co 5000
    "F-92"      Sale of asset 140769     "Posting Date 20.05.2010 (period 11"
    "PK"     "Account"                            "DR"                  "CR"
    1     Customer                            8000     
    50     Sale of Fixed Assets                           7272.73
    50     GST                                  727.27
    75     Asset 140769                              11800     
    70     Asset 140769                    4425     
    40     Clearing sale of FA     7272.73     
    40     Gain / s on Sale FA     102.27
         "Asset 140769     year 2010"     
         Acquisition Value     11800     
         Ord Dep start of Year     4327     
         Planned dep (for year)     983     
         "Posted Depreciation"          
         Period 1     98     
         Period 2     99     
         Period 3     98     
         Period 4     98     
         Period 5     99     
         Period 6     98     
         Period 7     98     
         Period 8     99     
         Period 9     98     
         Period 10     98     
    Notice the entry for the accumulated depreciation is for only $4425.00
    The asset master values  although shows that it had $5310 accumulated depreciation charged to it to the end of period 10
    Now the surprise u2026 for some reason SAP plans another depreciation entry in the following month of the sale.
    In this case it the negative depreciation of 885 (9/10 of the depreciation) that it proposes for period 11.
    The entry there would be
    Dr Accumu2019d  Depreciation  885
                                CR Depreciation 885
    When depreciation is run for period 11  it will be the final closing entry against the asset to finalise its balances are closed off to zero
    This appears to be a very strange way of accounting for the sale
    Your assistance would be greatly appreciated.
    Robert Biscaro

    How the depreciaton calculation is calculated is based on the period controle rule in the depreciation keyfor asset retirement/sales  from the asset. It is based to on the value date you fill in the posting

Maybe you are looking for