Tax Category Indicator on Asset Reconciliation Accounts

Does setting the tax indicator flag to '*' have any affect on reconciliation postings to an Asset Reconciliation account?

Hi,
Generally tax indicator "-" (Only input tax allowed) is set in Asset Reconciliation accounts.
Setting * for the same will also suffice.
The tax indicator setting is required as the asset acqusition process is done through asset purchase in MM. for that purpose the input taxes will be calculated.
I hope this answers your query.
Regards,
Ashutosh

Similar Messages

Vendor Reconciliation & Asset Reconciliation Account

Dears
I am a little confused regarding the reconciliation accounts.
We are making for Asset Config settings for down payment posting. I selected downpayment account for Asset Downpayment in AO90; but the system says the GL is not a reconciliation account.
When I saw the GL account, it is created as a Vendor Reconciliation account.
But in AO90 I think, we should give an Asset Reconciliation Account, right ?
If that is the case, why we should have separate reconciliation account for Vendor and Asset in Downpayment posting for Assets ?
When we post the Vendor Downpayment in F-48 using Spl. GL indicator 'A' , we are assigning the PO number also where asset is linked.
Spl-GL 'A' is linked to a reconciliation account for vendor.
Asset downpayment is also linked to a reconciliation account for asset.
If that is the case, which downpayment account, the advance amount for asset is posted ?

Hi Niki
I personally dont like updating the Down Payments for assets in Asset Accounting.. It is inviting troubles w/o much of value-add.. If you post DP to asset, then Invoice and you dont clear the DP, the depreciation is calculated on Invoice amount + DP Amount
Ofcourse, it gets adjusted in future depreciation runs once you clear DP. But if you clear in subsequent FY, then thats a problem
In order to avoid updating DP in AA, follow the below steps
1. Create a new FSG as a copy of G067 in which you will suppress the Asset Number
2. Assign this FSG in Vendor recon accounts
3. Do F-47 and enter the PO Number..
4. System will give an error msg F5 378..
5. Suppress it in OBA5, and you are done..
I remember this till date because this was one of my initial findings / learnings in my SAP Career ;-)
Best Regards
Ajay M

Asset Reconciliation Account

Hello Experts-
I fell in a tricky situation at my work place. We have an asset reconciliation account which has a balance but, this balance does not correspond to any asset. When SAP Fixed assets was implemented here, they had a balance for this account and then have converted it into a reconciliation account. How do I create an asset which represents that balance as APC value? Or how would I transfer it from this reconciliation account to a clearing account so that I can create a real asset and transfer this APC to a real asset?
Any thoughts on this issue would be really appreciated.
Thanks in advance.
RNarayan

Hi,
To post the balance values from the take over values from AS91 on the Asset Reconciliation Account
You can use transaction:
OASV
ABFI (use transaction type 100 and don't fill in an asset number)
The postings on these account are total postings by bussines area and there is no 1:1 relation with assets like with debtors and credititors. (when you run the depreciation it create total amounts

How to post externally to asset reconciliation account

Hi,
I need to post one entry externally to asset reconciliation account & I dont want to update asset due to that entry. How to do that?
Pl. help. I will award points for suitable answer.
Thanks
Veena

You are permitted to post the recon account undercertain special circumstances :
USe the transaction codes OAMK and OASV.
Kindly read the SAP on line documentation before making a postings directly to the recon account.
Definition of the Reconciliation Accounts
You are not allowed to manually post to the reconciliation accounts for Asset Accounting in Financial Accounting. Normally, you designate the corresponding General Ledger accounts in Financial Accounting as reconciliation accounts. This change, however, can no longer be made in Financial Accounting, once these accounts already have balances from the legacy data transfer. However, you can use a special report to assign these accounts the status of reconciliation accounts in Financial Accounting (in Customizing for Asset Accounting, choose Preparing for Production Startup ® Production Startup ® Set Reconciliation Accounts).
There is another report for removing this specification (Reset Reconciliation Accounts).
Subsequent Correction Postings to Reconciliation Accounts
Suppose you have already defined the asset G/L accounts in Financial Accounting as reconciliation accounts, but still need to transfer balances to these accounts, or make corrections. You can make correction postings to these reconciliation accounts with a special posting transaction in Customizing for Asset Accounting (Transfer Balances), using posting key 40 or 50. You can only postings to those accounts in a company code with implementation status (Customizing for Asset Accounting, choose Preparing for Production Startup ® Production Startup ® Activate Company Code).

What is asset reconciliation account.

What is asset reconciliation account. Is this like other reconciliation accounts like A/P and A/R. How can we use it.

Hi
GL for Asset as Reconciliation is defined in FS00
Account determination rule is defined under SPRO - FAg - AAg - Org structures - Asset classes
The A/c determination is included in the Asset class
In AO90 GL a/c is assigned to Account determination rule
Finally, Asset master is created under a Asset class thru AS01
Thank You,

Assigning Asset Reconciliation Account

Hi Guys,
Where do we assign the Asset Reconciliation Account to an Asset?
Does it flow from the Asset Class? IF so..Where do we assign this GL account..
Thanks,
Kris..

Hi,
Asset reconcillation account is determined based on the accoun determination assigned to the asset class and baed on the account determinaton the reconcillation account is being identified

Special G/L indicator or alternative reconciliation accounts in HR

HI.
Is possible to use special G/L indicator or alternative reconciliation accounts in HR ?
I have a employee that is registered as vendor in FI.. and I need make posts to 2 diferents accounts from RH, it's possible ?
I'll assign good points.

Andres:
Is it RH or HR?
Vj

Special G/L indicator or alternative reconciliation accounts in RH

HI.
Is possible to use special G/L indicator or alternative reconciliation accounts in RH ?
I have a employee that is registered as vendor too.. and I need to post 2 diferents accounts from RH, it's possible ?
I'll assign good points.

Andres:
Is it RH or HR?
Vj

APC Posting to Assets Reconciliation Account

Hi Experts,
We are currently working with AS91 and AS94 legcay data Transfer. The acquisition is completed, we gave acquisition values in Dep Area 01 (Book Depreciation Area), Do we also need to reset the Assets reconciliation account and post the APC values to them? Or the 01 acquistion values will automatically post to Assets reconciliation accounts and how?
What is to be done?
Please guide.
Best Regards
VK

Thanks Krishna,
OASV does not provide the option of document and local curreny. We would like to force the values from Local currency to group currency disregarding the exchange rates.
So after restetting the reconciliation account we will post using F-02.
Any negative impact?
Best Regards
VK

Tax Category Settings forTax Allocation / Assessment Accounts

What should the tax category and post without tax settings be for allocation / assessment accounts in ECC?

Hi,
If you are talking about the assessment cost elemnts for CO.. I dont think u r question is valid... As this is a secondary cost element, there is no question of GL master.. hence no tax category assignment arises..
If any thing is of primary cost element u r creating, u can try with *.
Regards
Sudhakar Reddy

Link Asset class to an Asset Reconciliation GL Account

Hi Everyone,
i want to specify a new Asset Class to a Particular Asset Reconciliation Account, which i have created in FS00 and also mentioned as a Reconciliation account in OAMK. can anyone help me where can i go and do this ?I am using ECC 6
Thanks & Regards,
Guru

Account determination key is maintained in asset class. Using AO90 transaction code you need to maintain GL Accounts for Acquisition as well as other accouonts against account determination.

Manual posting to reconciliation account under asset account group

We need to maintain Asset Group (G007) to allow manual input in order to post a period end-closing adjustment as required by our external auditors. ( i.e in the reconciliation account under the asset account group, we need to check the 'allow manual input' option so as to do posting to this account manually).
Under normal circumstances, the posting should have been from WBS Element, to AUC, then to Fixed Assets. However, since all the procedures have been completed until Depreciation Run, we have no option but to input this manually.
Similar Recon accounts which allow manual inputs are Accounts Receivable (GL Code 115000) and Accounts Payable (GL 210000).
My intention is to have this captured in the system as of Dec. 31, 2008; Reversed the same transaction on 01-Jan-09 and process it normally as mentioned above.
Valuable assistance will be highly appreciated.
Best regards,

You can make manual postings on the asset reconciliation account with the transaction ABF1
Use PK 70 or 75 , G/L account and transaction type 100.
The result is that asset accounting is no longer in line with your G/L accounts.
Put this transaction in your authorization make the posting and reverse and take the transaction out off the authorization!

Alternative reconciliation account

Hi,
we have a following requirement from the client:
The business process is the following:
approx.10.000 Retail beer customers in dist. channel X and Y. We would like to invoice a so-called rent fee with sundry invoicing for the equipments they use. (In the future we will create other kind of sundry invoices for them too.) Depending on the category of the equipment we will invoice 3 different amounts per equipment.
These customers will issue towards us an invoice with the same amount as a marketing contribution.
Incoming and outgoing invoices have to be settled against each other. This is not a onetime action. We must repeat this process year by year.
Business process:
1.     Outgoing invoices have to be created for customers about the annual rent fee
2.             Mass creation of sales orders and invoices using LSMW.
3.     Customer issues an incoming invoice in the same value about marketing cost contribution ( with LSMW for FB01 transaction ).
4.     Outgoing and incoming invoices have to be settled (zero settlement)
4.     If customer doesnu2019t issues invoice, he has to be dunned
My questions are:
1) our client has asked to Make settings for u201CPosting with alternative reconciliation accountu201D: allow for G/L account ABC to post with alternative reconciliation account Nr. DEF.
we can not change the recon. account to alternative recon. account here, when the customer invoices are get created from VF01, so what is the purpose of alternative recon. account here ?
2) How to carry out Automatic Zero settlement of incoming and outgoing invoices using automatic payment program?
Thanks,
Vidya

Answer 1
=======
During document entry, you use the reconciliation account to define the G\L account in which the transaction figures are to be updated. You determine which G\L account is to be used using:
The special G\L indicator or
The reconciliation account which is defined in the master record (default) and, if relevant, any additional alternative reconciliation accounts which you can define per reconciliation account in Customizing
Define accordingly for customers and vendors
Answer 2
=======
The is no automatic scheduling of Payment Run in F110
However, you can schedule the proposals in F110S. Make you use of this.
Create a variant and schedule them in background.
Regards,
Ravi

Why i can not see the columns of "Tax Category" in transaction code FS00

Dear Experts,
Why i can not see the columns of "Tax Category" and "Posting without tax allowed" in tab of "Control Data" transaction code FS00?
How can i add the columns of "Tax Category" and "Posting without tax allowed"?
Looking forward to your reply.
Best Regards,
Merry

Hi,
Go to transaction OBD4, and check whether the field "Tax category" is suppressed in group "Account control" for your GL account group.
If not, then go to OB26 and check the field status for the same field for create, change activity.
Regards,
Gaurav

Reconciliation Account change to GL.

Hi
I have a reconciliation account, I Viewed this on FS00. Now the balance carryforward to account AB1 cannot be transferred to AB2 due to wrong setting of account AB1 as "Asset" Reconciliation account.
Heres the problem,
When I tried to change the Reconciliation account type to 'blank' their was an error "Modifications to reconciliation account AB1 is not permitted"
Thanks,
John

The rule is that you cannot change the reconciliation accounts for vendor and customers, if the date is there.
You can reset the asset reconciliation accounts to non reconciliation accounts in OAMK. Note that this only done at the initial stages, before uploading the initial uploading of asset. I would recommend not to change these accounts in between.
I would suggest to block the current account and create a new account.
Regards,
Ravi

Tax Category Indicator on Asset Reconciliation Accounts

Similar Messages

Maybe you are looking for