Legacy data AS91

[Former Member]

Please explain the following:

When doing asset conversion, we bring in the legacy asset via AS91. The legacy data we bring in is Accumulated depreciation and APC values. Also do we create two conversion G/L accounts for accu depreciation and APC values when doing AS91. Are these accounts supposed to be recon asset accounts? Is this all we bring in for legacy assets?

Next question, we then upload G/L balances for various accumulated depreciation accounts and apc value assets. Then reconcile asset accounting to g/l via ABST2. Is my understanding correct. After reconcilaition, we change the accounts to recon accounts. Please let me know if this is what asset conversion is all about.

One last question, is it only during initial implementation of assets we reconcile ABST2, and then dont do it again as year end process?

thankyou

[Former Member]

Hi

When you do AS91 the data goes to different Assets Account sub ledger based on the account determination available in the assets master data.

Once it is done you need to use t.code OASV where you need to post to the GL account of assets and accumulated dep account for each assets class.

Hope this helps

Regds

Rajiv

[Former Member]

Just to make sure i got it right:

AS91:

Asset: 123456

Co code- XYZ

Accumulated depreciation - $10,000 (goes to gl acct 100000 per acct determination in the asset master) acct 10000 is also the asset class

APC Values (it is a recon account) - $ 30,000 (goes to gl acct 100000 per acct determination in the asset master).

Then go to OASV

Enter posting date - 1/6/09

Enter document date-1/6/09

Enter co.code - XYZ

Document type - AA

G/L acct - Debit -- G/L acct 100000 -- Amount $ 20,000 (net book value)

What will the other side of the entry be - which G/L?

Do we do AS91 for each asset that has value?

Thank you

[Former Member]

Yes. The GL accounts for assets and accumulated depreciations are reconciliation accounts.

If you want to update the GL accounts after doing AS91, you have to do the transaction OASV for updating the GL accounts for depreciation, etc.