Drawer FA 2

[Former Member]

Hi All,

in what drawer should I place the following accounts that relate to Fixed Asset G/L Acct Determination:

Sales revenue for Asset SAles Net

Asset retirement with exp. net

Revenue for asset retirement net

Pls give advice. TIA

Edu

[ivy_zhang · Accepted solution]

Hi Edu,

Different localizations may have different drawers by system design.

If your chart of account is similar as UK licalization, the accounts reside in the drawer of 'Non-operating income and expenditure' .

Regards,

Ivy

[Former Member · Accepted solution]

I am using SAP B1 2007A SP00 PL30 Lawwset : AU

Pls give advice if I use AU

Tks

Edu

[ivy_zhang · Accepted solution]

Hi Edu,

AU is similar as UK. The drawer of 'Non-operating income and expenditure'.

Regards,

Ivy

[suemc · Accepted solution]

Hi Ivy,

I'm in AU and am trying to retire an asset that was traded-in as part of the purchase of a new similar asset (camera).

What I need to know is, which draw does the "Revenue Clearing Account" sit, in the B1 Chart of Accounts?

When I go to create the A/R "Item" invoice to "sell" the old camera to the supplier, I don't see the Revenue Clearing Account I created under Liabilities, which is where all our other clearing accounts sit, as an option.

All assistance greatly appreciated!

Sue

[Joselito]

Hi Sue

I just happened to see this question, I guess that by now, you already found the answer on your own

Never the less, I share here what I believe is the explanation.

Fixed assets are not regular Items , the set of accounts used in marketing documents are not the ones defined when you sale or purchase items or services in the GL account determination set for the company, warehouse , item group or item, but a different and specific set of GL accounts defined in Administration> Setup>Financials>Fixed Assets> GL Account determination/s (you can have as many sets as your business process or local regulation on fixed assets may require)

The system will use the set associated to the asset class.

The posting relevant for the 'retirement' transaction that the the sale of the asset will create simultaneously to the Sale, will have different type of posting, depending if the depreciation area for booking has set for retirement a 'Gross' or 'net system' .

Regards,

Jose