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author's profile photo Former Member
Former Member

Fixed Assets Opening Records

Hello Experts

What is the Best way to import data

I read from notes that the data Import option is only for historical data to be imported in previous Fiscal Years but can also do it for the current Fiscal Year of 1st Period like on 01.01.

I am trying to Implement FA on 8.82 Middle of the current Fiscal Year & SBO is in use for a long time now.

should I be importing all Assets Data as per the Actual fiscal Years like 2007, 08, 09 etc or Only for current Year Balances as on 01.01.14 with calculated APC Values .

I mean

Actuals

# Asset Purchased 01.02.12, Useful Life 34 Month, APC Value 34000 Salvage: 0


Import:

Import Date: 01.01.14

Start Depriciation : 01.01.14

Remaining Life: 11 months

Useful Life: 11 Month

APC Value:11000

Net Book Value: 11000

Salvage:0

Is this correct?

Thanks and Regards

Sandeep

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    author's profile photo Former Member
    Former Member
    Posted on Jun 03, 2014 at 01:58 PM

    Hi Sandeep

    I have found it best to import the previous years and recapture the current year assets. If you bring in the incorrect depreciation start date/capitalization date or useful life then the current year will try to play catch up and this might not be what you want, rather try to match the opening balance by bringing in the correct historical dates, etc.

    Kind regards

    Peter Juby

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    • Former Member Former Member

      Hi Sandeep

      If for example the useful life is out by 1 month, then SAP will increase the monthly depreciation as it will determine that too little was taken historically. You do not have to post depreciation for previous years. If the book value matches the useful life remaining, as well as the capitalization date and the depreciation start date, then nothing should change at go live. Your history should then be correct. All that is needed is to ensure you post the correct JE in the G/L to match the opening balances.

      Kind regards

      Peter Juby

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