cancel
Showing results for 
Search instead for 
Did you mean: 

Asset Sale from SD module

Former Member
0 Kudos

Hi All,

As per new business requirement we need to sale asset thru SD module. I found below solution in SCN.

I have few queries in the below Process.

Sale of fixed asset with Excise and Vat possible through the following way.

1. You have to create material master with non valuated with material group DIEN

2. create the new pricing procedure for sale of asset and other required configuration for sale of DIEN material.

3. Create the Output for sale of asset by coping your existing output.

4. Do the Sale of asset without customer from FI (Transaction Code ABAON)

  Entries are like under

  Asset a/c - Credit

  Depreciation reserve - Debit

  Profit/Loss on sale of asset -Dr/Cr(based on sale value)

  Asset Sale Clearing Account -Debited

5. Create Sales order and do the billing(VA01 and VF01)

  Customer account - debit

  VAT a/c - Credit

  Excise a/c- Credit

  Asset Sale Clearing Account -Credit

  

at the time of asset sale without customer Asset Sale Clearing Account -Debited and at the time of billing Asset Sale Clearing Account -Credited.

If you have not completed the billing Asset Sale Clearing Account showing debit balance, when you complete the billing clearing account become Zero. In other words asset sale clearing account is linking between FI and SD.

Q.1- How do i get value in Non-valuated material. What steps need to be followed to get the same .

Please Guide.

Regards

Rakshith

Accepted Solutions (1)

Accepted Solutions (1)

ajaycwa1981
Active Contributor
0 Kudos

Hi Rakshith

Your process is correct

Why do you need value in Non Valuated material.. This material is just for name sake..

The pricing procedure for this must allow you to enter the sale value manually in the Cond type..

SImply speaking there are 2 parts

1. The asset needs to be removed from asset register (Either sale with Customer or without customer)

2. Then do the invoicing from SD, so that taxes are accounted and Invoice can be printed

Br, Ajay M

Former Member
0 Kudos

Hi,

Ajay Thanks a lot for the reply. We developed scenario and delivered the same to  business.

I have one query on the same, What if they want to see Profit or Loss on asset sale.

How to to get that entry.

Please suggest me on this.

Regards

Rakshith

ajaycwa1981
Active Contributor
0 Kudos

Hi

Any P/L on sale of asset has to be seen from asset module only. Aw01n or asset history reports s-alr-87011990

Br. Ajay M

Answers (1)

Answers (1)

Marssel700
Active Contributor
0 Kudos

Rakshith,

You are using Asset Sale Clearing Account for credit istead Non-valuated material. Your the Asset is your "stock material".

please also check:

regards

Former Member
0 Kudos

Hi Marssel,

Thanks for the response.

Regards

Rakshith