Asset Scrap

[former_member762620]

For Asset Scrapping, Please suggest best practice in SAP Currently we're removing the asset from Register/Master & Move the asset to scrap location 551 & in future scrap sales happening. There is no link..

Also share how to sale after Asset Decommissioning in SAP..

Please advice...

[sanilbhandari]

Hi govind_8793

If you are selling a fixed asset no more in use, it is not really scrapping but sale to a customer with revenue which should be shown in P&L as "Other Income". You should ideally use F-92 to post such transactions - Sale of Asset to a customer with retirement.

In certain countries (Eg India), it is also required to generate an e invoice for such sales if made to a B2B Customer and hence it is all the more important to follow the right process.

Regards

Sanil Bhandari