Skip to Content
author's profile photo Former Member
Former Member

Procurement of Assets

Dear All,

While making a po for assets a asset master was created while making the PO.

A valuation class was created, with the same number given for asset class.

It was linked to the material group, since there is no possiblity of giving account category reference as there is no material master for assets.

Also for GR/IR clearing account WRX was assigned to a g/l account with reference to the valuation class created for assets.

But still I am getting an error related to account determination for WRX.

Please provide a solution for this problem.

Thanks & Regards,

Venkat.

Add a comment
10|10000 characters needed characters exceeded

Related questions

1 Answer

  • Posted on Nov 05, 2007 at 06:25 AM

    Hai,

    Hope, your procedure for procurement of asset is wrong.First of all asset is a property like land, machinery, buildings etc., Here how comes the GR/IR account?.The purchse process for assets are as folows :

    1.Create the asset master data for the asset class( SAP standard or can be created) by using Tcode as01.Under the general data, acct determination field is there,this is defaulted from the IMG. The asset classes are linked with account determination,check the Tcode OAOA. In turn GL accounts are assigned to the acount determination for the Chart of account. Check the TCode AO90.This are all FI - AA integration, check with FI peoples.

    <b>IMG - Financial accounting New -Asset accounting - Asset classes - Integration with ledger</b>.

    2.Generally, the account assignment category plays the main role in Asset purchasing.The acct assignment category is A, for the asset purchasing.

    you have to enter the asset master data in the account assignment tab in the item detail of PO. This asset will bring the GL acct automatically from the Asse master data thro acct determination.

    3.While doing MIGO wrt PO, only matl doc is generated.No subsequent accounting document is created.

    4.Invoice verification wrt po is done.Both matl doc & accting document is created.The accting entries are credit vendor acct & debit asset acct.The posting key for asset gl acct is VNL.

    Hope, the above said will clear.

    First of all while doing GR, No accounting document is found.During Invoice verification, the accounting document is generated.The accountinh entries are Credit vendor acct & debit asset account.

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.