Assets procured and paid outside SAP 2018. How to create the assets, pay and depreciate this year?

[brian_mogambi]

Hi,

We have Assets procured and paid outside SAP in June 2018. How do we create the assets, pay and depreciate in the current fiscal year? The asset useful life is 5 years and 21 months have already expired.

[sanilbhandari]

Hi brian.mogambi

You could do a wirite up, also known as Post Capitalization. The below scope item J62 should be useful for you.

https://rapid.sap.com/bp/scopeitems/J62

Thanks & Regards

Sanil Bhandari

[brian_mogambi]

Sanil,

Thanks for the response. From the procedure you suggested, it requires a "Revenue Post-Capitalization account".
We do not have the Revenue from post-capitalization G/L account and also we don't wish to carry revenue from this capitalization. Is there an alternative solution to this?

[TammyPowlas]

Brian,

Anirban has a nice blog explaining this situation, called post capitalization: https://blogs.sap.com/2018/12/06/post-capitalization-in-asset-accounting/

The blog shows using a Fiori tile, but same steps can be performed using transaction ABNAN

[brian_mogambi]

Hi Tammy,

Thanks for your response, I've gone through the procedure and noted the asset payments will be posted in the current year. Is there a way we can also post the payments in the year 2018?

[TammyPowlas]

Hi Brian - to post in 2018, you would have to open the FI periods and that is simply not done as 2018 has likely already been audited.

Post capitalization is prior year adjustment

I recommend reviewing the entries with the accountants

[brian_mogambi]

Tammy,

Thanks for the response.
We do not have the Revenue from post-capitalization G/L account and also we don't wish to carry revenue from this capitalization. Is there an alternative solution to this?