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Fixed Asset Retirement Issue in SAP B1 9.2 PL-4

Hi Expert,

We have some issue on Fixed Assets Retirement Journal Entry.

During retirement entry the depreciation value for the current year added with APC value and ledger debited & credited by the depreciation value of the current year. The current year depreciation should be reversed in retirement period but ledger posting showing correctly but in assets history report and master data of assets,the depreciation value showing. It is not reversing the value and in report the accumulated depreciation suppose to zero but showing the total accumulated depreciation as at retirement month.

Our setup -

Depreciation area - Posting of Depreciation – Indirect posting , Posting of Retirement – Gross

Depreciation Type – Method - Declining Balance, Calculation Base – yearly ,

Example....

we purchase Assets APC value 1,000,000/- on 1st Jan-2016

on 31/12/16 we run depreciation@37.5% will be 375,000/-

We sold same item on 31/10/17 500,000/- JE will pass

body,div,table,thead,tbody,tfoot,tr,th,td,p { font-family:"Arial"; font-size:x-small }

G/L Acct/BP Code G/L Acct/BP Name Debit Credit 71030104 Profit / Loss on Sale of Fixed Assets 0.00 500,000.00 11010112 Fixed Assets Clearing Account 500,000.00 0.00 11010205 Heavy Earth Moving Equipment Accumulated Depreciation 550,781.25 0.00 11010105 Heavy Earth Moving Equipment Cost / Valuation 0.00 1,175,781.25 51030903 Cos – Depreciation – Heavy Earth Moving Equipment 0.00 175,781.25 11010105 Heavy Earth Moving Equipment Cost / Valuation 175,781.25 0.00 71030104 Profit / Loss on Sale of Fixed Assets 625,000.00 0.00

Highlighted in bold will be shown under credit side but in this case 175,781.25 will be showing under debit side.

Can any one advise, how to fix this issue.

Regards,

Mukesh Singh

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