Asset Procurement & Asset Goods Movement

[Former Member]

Dear Experts,

Please Explain the Asset Procurement Scenario in details.

1] Asset Material type - whether it should be copied from Raw Material type or Directly Raw Material type

can be used and what about quantity and value update check box

2] Purchase Order - PO creation with account assignment category A and the Asset number of the asset

material.

3] Goods Receipt - GR for Asset Purchase Order. Asset material will be posted directly to Consumption?

whether Accounting document will be posted? How the inventory of Asset material will

be managed?

4] Goods Issue - How to manage goods issue or withdrawal of Asset material? after goods receipt

5] Invoice verification for Asset Purchase Order?

Thanks in Advance

[Former Member · Accepted solution]

Hi,

1) Asset Material type: You can use the non-valuated material type or normal valuated material type (subject to how you are going to manage your stock as per your inventory management strategy).

2) Purchase Order: The PO shall be raised with the "A" Account Assignment Category where the Asset No, Internal Order number shall be entered.

3) Goods Receipt - Upon GR posting, subject to how your material type is defined, it can either increase your stock quantity (in case of non-valuated material type) or for direct consumption. This GR posting will generate the accounting document in background automatically.

4) Goods Issue - It is very much again subject to how your material type is defined. If it is set as non-valuated material type, then you can make further goods issue after GR. Otherwise, no goods issue is required as the items are to be consumed directly upon GR posting.

5) Invoice receipt - The LIV process will be used in this particular case.

Cheers,

HT