Last year acquisition - Current Year reverse

[Former Member]

Hi,

1. We have purchased one asset on 01.01.2009(FY 2008). Due to some reasons asset is returned to party on 01.04.2009(FY 2009).already we have run depreciation. Now we want to cancel the actual invoice amount and also depreciation as on 01.04.2009. What is the actual procedure?

2. We have purchased asset (100 Qty - each one 100/-) on 01.02.2009. But actual rate of the asset(as per invoice) is 80/-. Now we want adjust the amount in current year. How to solve the above issue.

Thanks in advance

[Former Member]

Hi,

1. We have purchased one asset on 01.01.2009(FY 2008). Due to some reasons asset is returned to party on 01.04.2009(FY 2009).already we have run depreciation. Now we want to cancel the actual invoice amount and also depreciation as on 01.04.2009. What is the actual procedure?

There are two ways to handle this issue

A) You can pass a Write Up entry with transaction ABZU for an amount, which is equallent to dep posted in FY 2008 for that asset on 01.04.2009. So while doing ABZU system will not post any accounting document, but while you run the AFAB for 01-2009 period, system will post that amount to that asset, so NBV will become as same as your purchase value. and on 01.04.2009 post transaction ABSO for that asset with TTY 105 with amount (purchase value).

B) open your FY 2008 and post ABSO with TTY 105 for purchase value and do AFAB in repeat run for period 12-2008.

2. We have purchased asset (100 Qty - each one 100/-) on 01.02.2009. But actual rate of the asset(as per invoice) is 80/-. Now we want adjust the amount in current year. How to solve the above issue.

--Create a custom TTY through AO73 with reference to standard TTY 100, and change the config for that TTY for radio button as credit transaction and deselect capitalisae FA. Then post transaction ABSO with that TTY to that asset on 01.04.2009 for the diff amount (100*20).

Thanks,

Srinu

[Former Member]

hi

post an FI Entry