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author's profile photo Former Member
Former Member

Asset Migration from legacy system to new system

Hi,

I have a problem on how to report an asset retirement in the old system. The user retired the asset in June and the depreciation is suppose to end in Dec of this year but they post the depreciation and expense to the depreciation expense GL account in the old system. Currently they are using the asset module in the new system but the retired asset is no longer consider as an asset. Where should I post this retired amount? into loss on sale in new system?

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 20, 2007 at 07:36 AM

    Hi,

    1st thing-- was Retired asset uploaded in the sysytem, if yes, then retired in the system

    if not, then there is no question of retirement in SAP. it will be purely FI entry(profit/loss account balance), no role of Asset Accounting.

    2nd Thing--- if not uploaded earlier but want to do it. then upload it thriugh legacy upload and then retire from system.

    Hope it is clear

    Regards,

    Atul

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 20, 2007 at 10:07 AM

    HI,

    Loss on sale of asset will not effect your AA migration data. Because, Loss on sale of asset is a GL account. It is loss, so it is comes under profit and loss account type. Upload this like other GLs using FB50. It is no way related to your asset legacy data or Asset accounting

    Radha

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