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Asset Procurement Cycle - Financial Implications at the time of MIGO

Hi Experts,


I want your kind opinion on the below scenario:


My clients want clarification on Asset procurement Cycle. As you are aware that in a standard scenario we currently perform the Asset Procurement cycle like creating the Capital PO with Account assignment category as "A", and doing our GRN entry. At this time there would be no financial impact (at the time of MIGO) and no account entries will be generated at this time. When we do the Bill passing entry in MIRO, the actual FI implications happen.


Here my client requires the financial implications should to occur at the time of MIGO. I have checked from my side and was of the opinion that by creating the asset as Material Code; it may generate the FI documents but in vain. Still it did not create any FI documents at the time of MIGO.


But my client wants a recheck on the same.


Could you please guide me as I think that there is no other way to go about it ?



Thanks

Seema Bhagwat



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4 Answers

  • Posted on May 07, 2015 at 04:08 PM

    Hi

    Use T-code OME9 and un-mark GR non valuated check box in order to allow FI document when MIGO..

    you may also refer to below document .. it might provide some useful information about asset purchasing process

    Budget on Asset Purchase

    Regards

    Mahmoud El Nady

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  • Posted on May 15, 2015 at 08:47 AM

    Dear Seema,

    Can you explain that what entry is getting generated by the system at the time of MIGO? Usually the following entry gets generated:

    Dr. Asset XXX

    Cr. GR/IR Asset XXX

    Regards,

    Amar Lal

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  • Posted on May 15, 2015 at 04:42 PM

    Hi Seema,

    I think, you're heading in the right direction.

    The entry at the time of MIGO is -

    Dr. Asset XXX

    Cr. GR/IR Clearing XXX

    and during MIRO-

    Dr. GR/IR Clearing XXX

    Cr. Vendor XXX

    taking the above entries into consideration, FI has no Implication until the Payment is made.

    Regards,

    Sudhakar*

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  • Posted on May 18, 2015 at 06:30 AM

    Hi

    If you want the Accounting entry to happen at the time of GR, make sure that the account assignment category for your Capital PO does not have the check box maintained for GR Non Valuated as per screen shot below:

    Thanks & regards


    Sanil Bhandari


    Capture.JPG (79.0 kB)
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