Asset Accounting Overview: Asset Accounting is an important module in SAP and manages assets of an organisation by master records. Asset accounting is a . The first € price and the £ and $ price are net prices, subject to local VAT. Prices indicated with * include VAT for books; the €(D) includes 7% for. Germany, the. Asset Accounting Configuration. The Asset Accounting module. 1. Organizational structures. In this section, you define the features of the Asset Accounting.
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This includes setting up the organization structure, defining the depreciation areas, creating the different asset classes, account assignment, defining depreciation keys and so on.
You can either transfer data automatically from a legacy system using any of the following: Many values are derived from asset class while creating the master data.
This will be applicable only if you have different group currency else forget this step. In addition to the manual transaction, there are three more methods for transferring legacy data automatically: Asset inherits account determination key from asset class. Each company code defined in Asset Accounting must refer to a chart of depreciation. WelcomeGuest Login Register. If needed, an asset class can be deactivated in any particular depreciation area.
The applicable date should be the date on which oldest asset was capitalized and the rate should be same as Dec But they are subject to wear and tear, and to provide for this we need to depreciate them. Take a report of the takeover value and accumulated depreciation Upload BDC for the account codes of the opening balances. A Table purchased may be booked as configurwtion individual asset linked to an asset class “Furniture”.
Permalink Nov 29, We can give settlement profile 10 to enable settlement to all receivers. Created by Guestlast modified by Nathan Genez on Oct 12, Click on Enter an acquisition value in the Book Depreciation column Enter the following ordinary depreciation values: A chart of depreciation is a directory of depreciation areas arranged according to business requirements.
Could you please add corresponding tables as well, this will really help when people are doing support or projects. You can assign several asset classes to the same account determination key. Since the asset accounts are not more recon accounts all the asset related account data will also go through. We specify if the period for depreciation posting in the run is monthly, bi-monthly, quarterly etc.
Here, asset classes are assigned default values for accounnting depreciation key and useful life. When cconfiguration create your own chart of depreciation, you must cnofiguration a reference chart of depreciation. On the Master Data screen: These charts of depreciation are only references for customer charts of depreciation and therefore, cannot be used directly.
You can change the definition of the depreciation areas that were copied from the standard depreciation plan, assett add additional depreciation areas if required: SAP provides country-specific charts configuragion depreciation with predefined depreciation areas. In addition, you also have the feature Takeover values where you enter the Acquisition and Production costs and the accumulated depreciation values for the different depreciation areas.
Here we configurwtion the accounting document type to be used in depreciation postings, for the company code. Some of these characteristics of fixed assets which necessitate a separate Asset accounting module, are given below: Here we specify the depreciation areas for which the depreciation is posted to the general ledger during the depreciation run.
Asset accounting configuration needed in sap – sap concept hub
A separate Asset Accounting Module is required for these transactions because there are some distinguishing characteristics of fixed assets as compared to normal General Ledger accounts. This default applies when the financial statement version is contained in the sort version used for a given report.
Here check all the accounts that will be affected It will be take over value and the accum depreciation and save. A t tachments 0 Page History. Data transfer from a legacy system is usually the first activity that you need to perform in a new production system after configuration and asset classification.
Copy reference Chart of Depreciation: For the asset class, useful life and depreciation key is defined in depreciation area. The procedure is the same as in Create asset. From asset class, system picks screen layout.
Here we can define how the controlling area posting of cost required for each asset transaction type. Asset number, GL accounts, screen layouts are derived from asset class. Asset class controls asset master data.
The settlement profile is applicable to assets under construction. This facility of settlement is provided by the Asset accounting module. I hope this will help the readers with the basic settings required for configuring Asset Accounting in SAP 6.
Let’s understand the configuration needed for asset accounting in very simple terms with the help of example.
Once input fields in asset master are filled, click on the save button. Land, Plant and Machinery etc.
AS01we need to input asset class and company code. In the Asset Accounting Module, we can categorize individual fixed assets into conriguration classes, and thus we can meet this requirement. When depreciation run is executed, depreciation amount is calculated from APC value, useful life and depreciation key. You can either transfer data automatically from a legacy system using any of the following:.