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Former Member
Nov 24, 2007 at 10:35 AM

SAP Entry for Asset



I have an issue for a particular asset.Befor the go live happened , a loss which had occured for sale of asset prior to go live has been transferred to the legacy balance account in SAP. However, in SAP, the asset during the go live financial year were created manually and so was the treatment for asset in question.This asset was retired before the go live. So when we retired the asset in the system, the amount of loss has been transferred to the "Loss on Sale of asset" account and the same amount is also there in the legacy account. As a result there is a difference in the balance sheet.

Pls suggest what could be the way out?


Sanil Bhandari