Machiner Purchased (Asset Booking)

[Former Member]

Hi Experts,

We have purchased a machinery. I want to know what would be the correct procedure to book the machinery from the following or any other and why it would be correct??????

1. Create a material in Capital Item category and book the quantity through MM.

2. Open a asset master in FI and made a manual entry in concerned G/Ls through JV.

Thanks & Regards

Kuldeep Dahiya

[Former Member · Accepted solution]

Hi,

The procedure of procuring machinary or asset is :

A asset master is to be created in FI.

Create a purchase order with account assignment category 'Asset',here dont give material, give only short text quantity unit and price.Give the asset number in the item details account assignment tab.

Dont forget to check the GR nonvaluated tick in the delivery tab of the item details.Because this desides whether you want to valuate the asset at the time of GR or not.

Then GR and IR are as usual.

Check the asset master after PO,GR and IR and observe the changes.

Regards,

Rambhupal reddy