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New GL - Profit Center Trial Balance

Hi Friends,

I have a question regarding profit center trial balances in new GL. We have 1 company code and 3 profit centers - 1 for HO and 2 for branches. We are able to draw up profit center-wise trial balance using document splitting. We have one scenario wherein during asset acquisition, we are posting the acquisition transactions to HO profit center. Afterwards the asset is being transferred to one of the branches say B1. Now we can change the cost center in the asset master so that the depreciation is posted to profit center B1 through cost center B1. However, the asset a/c debit and vendor a/c credit is still being shown in the HO profit center. How to change this so that the asset a/c debit and vendor credit is seen in profit center B1?

Thanks & Regards,

Sameer S Gupte

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1 Answer

  • Sep 08, 2014 at 11:29 AM

    Hi Sameer,

    Why are you capturing the assets initially H.O. instead of Branch? Please clarify us.

    Regards,

    Mukthar

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    • Hi

      For asset transfer you need to create a new asset for the location change. You can than maintain the correct cost center in the reciveing asset. Alternatively create manual posting accounts for every asset grouping and pass a JV between these manual gl accounts.You cannot post directly with a profit center for asset subledger

      You can also follow a similar approach for vendor to vendor posting since you cannot post directly to a profit center for a vendor to vendor posting unless it is a special gl posting.

      Thanks & Regards


      Sanil Bhandari