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Jun 11, 2020 at 09:43 AM

Will asset posting template generates P&L depreciation accounting entries?

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Hi All,

I am currently deploying S4HC 2005 and with mid-year go-live date. I tried to perform legacy asset migration with asset posting template by entering values in "Cumulative Values" tab with previous fiscal year amount and current fiscal year amount in "Posted Values' tab. However, upon checking I noticed there is no entries generated for P&L depreciation item. The current year accumulated depreciation posted with credit entry where I expected debit entry will post with P&L Depreciation account but it is not. The current year accumulated depreciation posted with Dr Initial AM Conversion and Cr Accumulated Depreciation. Please advise is there a separate task to migrate P&L depreciation balances in asset posting template, else is the GL balances templates is the approach to migrate P&L depreciation balances.

Appreciate your advice on this.

Thank you.