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Former Member

Asset material code

Dear Expert

in our system presently we open asset code through as01 and in the PO we select the account assignment category A but now we want to create material code for the asset PO i.e with account assignment category A and material code how it effect the accounting procedure as we will be having 2 master material code and asset code . Is it hit the accounting of the company ??

Regards

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3 Answers

  • Best Answer
    Posted on Jul 17, 2009 at 10:10 AM

    There are two ways by which you can create an Asset PO.

    1. Create a material code with material type asset, that you need to create by copying from materoial type raw material.

    Create a normal PO and purchase as if you are purchasing raw material. Once the material is in your inventory then issue to an asset using movement type 241.

    2. In the second process, get the asset number created by your Finance department and then create a PO with Account assignment A. In this case as soon as you do GR the cost will automatically get allocated to an Asset.

    Hope this will help

    Regards

    Prabhjot Singh

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  • author's profile photo Former Member
    Former Member
    Posted on Jul 17, 2009 at 10:11 AM

    Dear Expert

    i want to know when i create material master for asset we have to create materail type so how it effect the present accounting of the company as when we create master for asset the inventory will also be maintained

    Regards

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  • author's profile photo Former Member
    Former Member
    Posted on Jul 20, 2009 at 04:48 AM

    Hi,

    Take the help of Raw material reference & create a new material type starting with Z Example ZAST. Then create a valuation class. Then assign respective GL accounts to that valuation class

    Regads

    Pandari

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    • Former Member

      Dear

      I have created material type by copying raw material material type after that create the material code for this material type.

      In purchase order i have choose the account assignment category A and enter material code which is created for material type of asset and enter asset code also in this way i have create purchase order , and then i have done the migo i.e goods reciept against the purchase order but when i check the stock of the material it is showing 0 , i have tick the quantity update and value update tick in the material type but the stock in 0 in the material so why the system is behaving in this fashion .

      Regards

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