Assets Legacy Data Migration at mid-year

[Former Member]

Dear experts,

we are migrating the assets data in the middle of the fiscal year on 30.06.2014. The asset acquisition value and accumulated depr. are migrating as-is by 31.12.2013. There are few assets that were sold in March. How is it correct to migrate them?

Example:

asset acquisition value on 31.12.2013 --> 1000

accumulated depreciation on 31.12.2013 --> 800

Deactivation date: 06.03.2014 (sale date)

From 31.12.2013 up to sale date 06.03.2014 there was accumulated the depreciation of 130 (example). Where should I migrate this depreciation?

The system doesn't consider this asset during the AFAB launch.

Thanks

[narasimhulu_konnipati · Accepted solution]

While migrating assets, you can migrate these assets which the NBV is zero to show them in the Asset register. The process is same as AS91.

If this is a current year asset, then you will have to migrate this through AS91 - Uisng Transaction type 100 along with Acq. value, Acc. Dep and Ordinary depreciation.

In OASV, the asset acquisition GL gets 1000 Debit and Accumulated Dep / Ordinary depreciation accounts gets 1000 Credit.

Let us know if you need any further help,.

[Former Member · Accepted solution]

Thank you for your help.

We have done as suggested in order to have an evidence of the asset in the register.

Regards,

i

[Former Member]

Dear Iris;

If you have sold the asset in March, you should not create asset master.

Because when you sold the asset, asset account and the depreciation account will be 0 for this in March. When you go live in July, it should not be in your asset list.

sale document

Customer                       ->          X

Asset aquisition account ->      -1000

accumulated depr account->       800

Unordinary Gain/loss         ->     X-200

after this document if you run depreciation

accumulated depr account->  130

cost for asset account       -> -130

Some cases you wont need second document,

Customer                       ->          X

Asset aquisition account ->      -1000

accumulated depr account->       930

Unordinary Gain/loss         ->     X-270

Both of these scenarios asset accounts are 0 and should not be in my list in 30.06.14.

I hope it will help.

Best regards

Aydın

[Former Member]

Hi Aydin,

you are right that I don't have this asset at the go-live, but in any case I should have this asset in asset registers for the 2014 FY and I should have the values for the beggining of the year. So as I understand it, the master data should be created with the values at 31.12.2014, but I need to reflect the retirement movement in the asset Accounting and also post the accumulated depreciation from 01.01.2014 to 06.03.2014. But can I do it from AS92 or I should post directly in FI? What is the impact?

Thanks

Iris

[Former Member]

Iris;

If you go on live in 30.06.14, you dont have the chance to show the asset which is sold on march. If

you want to show the list which is before 30.06.14, you should take the list from your old system unfortunately

BR,

Aydın