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please any give me customizing path of asset accounting ?

please any give me customizing path of asset accounting ?

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  • Best Answer
    Posted on Jun 19, 2007 at 04:24 AM

    Hi,

    The minimum configruation of Asset Accounting - Pls. do the customization as per requirements

    1. Unit I

    a. Minimum Configuration

    i. Create assets in fixed accounts in FS00

    ii. Create ‘Accumulated Depreciation Reserve’ for each asset under ‘Reserves’ account group

    1. Reconciliation Account – A: Assets

    2. Select ‘Line item display’

    3. Sort Key: 018

    4. Field Status Group: G067

    iii. Create ‘Depreciation’ under expense account group

    1. Select ‘Only balance in local Currency’

    iv. Create ‘Loss on sale of asset’ under expense account group

    v. Create ‘Scrap’ under expense account group

    vi. Since asset is a reconciliation account, sale of asset cannot be done directly. Hence create ‘Sale of asset’ under Income account group. This is done for offsetting.

    vii. Create ‘Profit on sale of asset’ in Income account group

    b. Creation of Chart of Depreciation –

    i. IMG  Financial Account  Asset Accounting  Organization Structure

    1. Copy Reference chart of depreciation / depreciation area

    a. Copy reference CoD

    i. Click Copy icon

    ii. Source CoD – 0DE; To: Any Text

    iii. OK

    b. Specify description of CoD

    i. Search your CoD

    ii. Change the description

    iii. Save

    c. Copy / Delete Depreciation area

    i. Give CoD

    ii. Except 01, delete the other 10 entries

    iii. Save (Ignore all errors)

    ii. IMG  Financial Account  Asset Accounting  Integration with GL Assign input tax indicator for non taxable acquisition

    1. Give Co Code

    2. Input Tax – V0

    3. Output Tax – A0

    4. Save (Ignore Warning)

    iii. IMG  Financial Account  Asset Accounting  Organization structure  Assign CoD to Co code

    1. Give Co code

    2. Assign CoD

    3. Save

    c. Asset Class - IMG  Financial Account  Asset Accounting  Account class

    i. Specify Account Determination (Moderator for Asset & GL)

    1. New Entries

    2. Account Determination (Any text)

    3. Description (Any Text)

    4. Save

    ii. Create Screen layout rules

    1. Copy from 1100 – Building (Predefined)

    2. Click ‘Copy’ icon

    3. Change the name and description

    4. Save (Do this step for all assets)

    iii. Define number range interval

    1. Enter co code

    2. Click ‘Change Interval’

    3. Create separate number range for each assets

    4. Save

    iv. Define asset Classes (For each asset group)

    1. New Entries

    2. Asset Class: Any text

    3. Asset Type:

    a. Account Determination: Step ci

    b. Screen Layout: Step cii

    c. Number range: Step ciii

    v. IMG  Financial Account  Asset Accounting  Valuation  Determine depreciation area in the asset class

    1. Select your asset aclass

    2. double click on ‘Depreciation area’ folder

    3. Activate only ‘Book depreciation’

    4. Layout: 2000 (for all)

    5. Save (do for all asset class)

    d. Integration of Asset and General Ledger - IMG  Financial Account  Asset Accounting  Integration with GL

    i. Assign GL Accounts(By default CoD is assigned to CoA)

    1. Select the CoA

    2. Double click ‘Account Determination’ folder

    3. Select the Account determination

    4. Double click Balance Sheet Accounts

    a. Acquisition & Production cost – GL account number of corresponding fixed asset

    b. Loss made on asset retirement w/o revenue – GL account of Scrap

    c. Clearing account – revenue from sale – Asset Sale GL account

    d. Gain from Asset sale – Corresponding GL a/c

    e. Loss from asset Sale – Corresponding GL a/c

    5. Double click on ‘Depreciation folder’

    a. Acc. Depn account for ordinary depn – Acc. Depn reserve account GL account number

    b. Expense account for ordinary depreciation – Depn GL account number

    Do the same settings for each assets

    2. Unit II

    a. Depreciation Key calculation: - IMG  Financial Account  Asset Accounting  Fixed Asset account  Depreciation  Valuation method  Depreciation key  Calculation method

    i. Define base method

    1. Method used as base is 0014

    ii. Define declining balance method – 001

    iii. Define multi level methods

    1. New entries

    2. Multi level method: Any text

    3. Description: Any text

    4. Validity start: 2: From ord. depn. Start date

    5. Double click on ‘Levels’ folder

    a. New entries

    b. Acq Year

    c. Year of usage

    d. Period per year: 12

    e. Base value:

    i. If WDV : 24

    ii. If SLM: 01

    iii. Percent (Rate of Depn)

    f. Save

    iv. Maintain Period Control Methods

    1. New entries

    2. Description : Any text

    3. Acquition: 01: Pro Rata at period start date

    4. Addition, retrun, tfr: 01

    v. - IMG  Financial Account  Asset Accounting  Fixed Asset account  Depreciation  Valuation method  Depreciation key  Maintain Depreciation key

    1. New Entries

    2. Depr key: Any text

    3. Description

    4. Select Period Control accounting to fiscal year

    5. Double click ‘Assignment of calculation methods’

    a. New Entries

    b. Depn type: Ordinary

    c. Phase:1

    d. Base Method: 0014

    e. Decl. bal method: 001

    f. Prd Control: 006 – 2aiv

    g. Multi level: 2aiii

    h. Class: 2

    i. Save

    j. Go 4 steps back, go to the initial scree and check for depreciation key created now

    k. Select your depreciation key and click ‘Activate’

    l. Save

    m. Similarly do for SLM, where Multilevel Method: give corresponding method; Class: 1

    3. Unit III

    a. Asset Master Data creation – Easy Access  FA Asset  Create (AS01)

    i. Give Co. code

    ii. Class: Select the asset class

    iii. No. of similar Assets : 1

    iv. Enter

    v. General:

    1. Description

    2. Account Determination: automatic

    3. Capitaliosed on:

    vi. Depreciation area

    1. Depn key – Give the key

    2. Useful lie

    3. Period: Months

    4. Ord depn start date:

    5. Save

    Create similarly for each asset group

    b. Posting

    i. Purchase of asset (f-90)

    1. Doc Date

    2. Account: Vendor Account GL

    3. Posting key: 70

    4. Account: Give the asset name

    5. Transaction type: 100

    Note: Asset Explorer: AW01N

    c. Calculation of Depreciation - Easy Access  FAPeriodic processing  Depreciation run (AFAB)

    i. Co code

    ii. FY

    iii. Posting period

    iv. Select List assets

    v. Select Planned posting

    Other TCODES:

    ABAON – Asset sale w/o customer

    ABAVN – Asset sale with scrap

    Please assign points if it useful.

    Regards

    Ravinagh Boni

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  • Posted on Jun 19, 2007 at 04:25 AM
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  • author's profile photo Former Member
    Former Member
    Posted on Jun 20, 2007 at 01:57 PM

    Re: please any one can give me customizing path of Extended withholding tax?

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 04, 2007 at 09:40 AM

    > please any give me customizing path of asset

    > accounting ?

    Path of assets accounting you can find here SPRO - IMG - FI GL Accounting New - Asset Accounting. you can find the complete menu path regarding assets accounting. However I have mentioned some points regarding configuration

    1. Assets should be structured according to Companies Act and Tax Laws.This is main task to configure the asset.

    2. Chart of Depreciation copied(always suggestable rather that creating our own COD) from the standard one and assign it to you company code. And we should know that COD is hierarchy for Asset Accounting.

    3. We need to integrate with FI through assigning G/L Accounts @ T Code AO90.

    4. Asset class is to be created for each asset class that differ from the nature of asset and rate of Depreciation.

    5. Tax Depreciation should not be posted in FI-GL and thus we need not to assging the G/L accounts to Tax Depreciation

    6. For calculating Tax Depreciation we need to create Group assets. I have give some steps to configure for Tax Depreciation.

    [ 1. Create Separate Asset class for IT Group of Assets.

    The following settings is required while creating Assets class for IT Group of Assets

    a) Do not check the Include Asset check box.

    2. Assign Number Range Separately for this Group of Assets

    3. Create Depreciation Key separately for each class of Assets as per IT

    4. Specify Depreciation area for this group of assets

    5. Specify Asset class for Group of Assets

    6. Creation of Group of assets AS21, AS22,AS23

    7. Creation of Group asset Sub number AS24. Assign Depreciation key for each class of asset.

    8. T Code for Depreciation Run is AFAB

    9. To assign group of asset to that of respective assets

    a) Go to the assets master AS01,AS02.

    b) Go to the Depreciation areas

    c) Double click the Tax depreciation line item

    d) Assign the respective asset class in the group asset.]

    7. To Explore the assets values use T Code AW01N

    8. Asset Acquisition can be made through Purchase Order (ME21N) or FI Entry through F-90.

    I hope you can take up with this.

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