Usage of Internal order for Assets

[Former Member]

Hi All,

I am new to the concept of using internal orders for asset settlement.Can please somebody tell me how to use the internal order for the purpose of settling down to assets.

1) Which order are we talikng here.Internal order or investment order

2) how we use it.Do we mention the order number in PO or MIRO.

3) how to create the order for this purpose.

4) how the Cutome Clearing charges and all will be refelcted in order

5) How to setllt the order

Archit

[sivaprasad_r · Accepted solution]

Hi !

The settlement of Internal order to Asset is as below:

1. Create an internal order ( KO01)

2. Maintain the settlement rule with Asset ( Existing)

3. Post transactions with the internal order as the cost object. If a PO is related to the Internal order, then Internal order must be mentioned in the PO ( with account assignment as )

If the investment management is Active,

1. You can create the internal order with order type ( order type has the investmet profile etc).

2. Depending upon the customisation, AUC asset is automatically created after the Internal order is created with AUC Asset in the settlement rule.

3. The internal order is periodically settled to the AUC asset.

4. The balance onthe internal order must be made Zero before closing the internal order.

5. Create the final asset

6. Transfer the cost from AUC asset to the Final asset.

The automation and control is more in this case than the earlier one

Thanks

Siva

Thanks

Siva

[Former Member]

Hi Archit

Please see below my answers

- You use internal order not investment order

- You must use the internal order in the PO

- KO01 to create the internal order

- Customs clearing is part of the asset procurement process so it should also be included in the order. Mostly depends on the legal requirement of the country

- AIAB and AIBU are the settlement transactions

Thanks

Ashok

Assign points for useful answer

[Former Member]

Hi Ashok,

Will it always be an AUC?

I have in more doubt.When i am entering the order number in PO its giving me an error."The CO account assignment object belongs to company code 812, not 811

' though the order is for company 812.

Plz advice

[Former Member]

Hi Archit

The asset will always go to Internal order and then finally settled to final asset.

Regard your internal order master data, you need to check.

Thanks

Ashok

Assign points for useful answer

[Former Member]

Hi,

From your mail,i can understand that you are using C/code :811 for posting the docmt.

The order [ you have entered in PO] has been assigned to c/code:812.

This is why this order is not being accepted in 811.

To resolve this,choose a difernt order which has assignment to 812[ This you can see in the order master-KO02].If the order- you are trying with- has not been posted so far,you can go to the order M/data and change the c/code to 811.

Hope this helps.

Regards,

Ramesh.