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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Screen Layout rules are created to make it easier to maintain the asset master data as the asset master contains a large number of fields which are used for different purposes. For the rest, transactions to the general ledger can be posted automatically using periodic processing. You can assign several asset classes to the same account determination key.

WelcomeGuest Login Register. Screenshot showing how to deactivate depreciation area in asset class T code: Calculated depreciation amount is posted to accounts which are assigned to account determination key.

As given earlier, companies are required to classify their assets in the balance sheet into different broad heads, and asset classes may be created to suit these.

Each chart of depreciation contains the rules for the evaluation of assets that are valid in a specific country or economic area.

Compare the values that have been uploaded of account balances and that of the Asset wap Set the Recon account to normal.

Asset Accounting Configuration in SAP ERP: A Step-by-Step Guide [Book]

The applicable date should be the date on which oldest asset was capitalized and the rate should be same as Dec You can use them to structure your fixed assets according to different criteria. The procedure is the same as in Create asset. You can define any number of asset classes in the system.


Close the year in the asset transaction Reset Reconciliation account in production transfer settings. Individual assets must compulsorily be assigned to an asset class at time of creating them, e. We configure the account assignment objects that can be posted based on: Here we can define how the controlling area posting of cost required for each asset transaction type. This default applies when the financial statement version is contained in the sort version used for a given report.

Take a report of the takeover value and accumulated depreciation Upload BDC for the account codes of the opening balances. This will be applicable only if you have different group currency else forget this step. Asset inherits account determination key from asset class.

ASSET ACCOUNTING Configuration Steps in SAP FICO

A chart of depreciation is a directory of depreciation areas arranged according to business requirements. Depreciation keys contain the calculation methods for depreciation calculation and parameters that control: This defines acfounting financial statement version should SAP use for each depreciation area as a default.

From asset class, system picks screen layout. Upload the asset master using the BDC using as91 transaction. Based upon screen layout, asset master input fields are either required or optional or suppressed. But they are subject to wear and tear, and to provide for this we need to depreciate them.

The settlement profile includes settings on the allowed receivers of the settlement. From company code, chart of depreciation is picked which in turn leads to determination of depreciation areas.

Asset Accounting Configuration in SAP ERP: A Step-by-Step Guide

Once input fields in asset master are filled, click on the save button. These include transactions accounging acquisition of fixed assets, sale of fixed assets, in-house development of assets, settlement of WIP, and accounting for depreciation on fixed assets and so on. Enter business area on the Time Dependent data tab screen D.


Land, Plant and Machinery etc. Chart of aaset has list of depreciation areas depending upon the accounting requirement. Created by Guestlast modified by Nathan Genez on Oct 12, Such feature is not there in the normal GL Accounting.

Here we specify the depreciation areas for which the depreciation is posted to the general ledger during the depreciation run. All these configuration settings has been discussed below: Permalink Nov 29, The settlement profile is applicable to assets under construction.

AS91 The procedure is the same as in Create asset. You can either transfer data automatically from a legacy system using any of the following:. This includes setting up the organization structure, defining the depreciation areas, creating the different asset classes, acconuting assignment, defining depreciation keys and so on. These values are defaulted whenever postings to assets of these classes is done.

These charts of depreciation are only references for customer charts of depreciation and therefore, cannot be used directly. Display the asset using the Asset Explorer 2.

Asset accounting configuration needed in sap

This facility of settlement is provided by the Asset accounting module. Let’s understand the configuration needed for asset accounting in very simple terms with the help of example.

Many values are derived from asset class while creating the master data. Since the asset accounts are not more recon accounts all the asset related account data will also go through. I hope this will help the readers with the basic settings required for configuring Asset Confiyuration in SAP 6.