Asset reports and GL reports are not Matching.

[former_member644684]

Hi All

My client wrongly created plant & machinery asset under building asset class in 2015 (both having separate dep keys).

Auditors said to transfer assets from building to plant & machinery asset class (because both the asset life is different).

but user posted values building recon a/c to plant & machinery recon a/c in 2015 by removing recon a/c in OAMK ( but no impact on assets) he is not used standard asset transactions.

Now for those assets 100% depreciation is over

Now my client is asking why asset reports and GL reports not matching (i gave above reason) and they are asked to correct.

i tried to transfer assets from building to plant & machinery in ABUMN.

I am getting error zero value asset transfer is not possible.

(client is agreed to reverse entry which they posted in 2015 but how to transfer values from 1 asset to other asset, already which asset values are ZERO) 100% dep is over.

thanks, in advance.

Naveen

[JonathanEemans · Accepted solution]

Hi,

You can transfer asset with current book value zero can be done using transaction ABUMN (Transfer within Company Code).

Example
Asset with current book value 0.

Transfer asset using transaction ABUMN to new asset.

Posting from asset transfer

As you've mentioned, it's important to reverse the posting made directly on reconciliation accounts in same period as the asset transfer.

Best regards,
Jonathan Eemans

[giova10ni]

Dear Naveenkumar,

Never post directly to Asset GL accounts. So first of all, these postings should be reversed.

Are you trying to transfer an asset with zero value or zero net book value? Please post a printscreen of the exact error message.

Thanks

[former_member644684]

Hi giova10ni

thanks for reply,

posting with ZERO net book value

[giova10ni]

Hi Naveenkumar,

Please provide a printscreen of the exact sap message (sap number & text).

[former_member644684]

Hi giova10ni

thank you so much my issues resolved.

thanks,

Naveen