write off asset under construction

[Former Member]

we have one AUC, we have create a PO for this AUC, the AUC has amount of 200K USD, we haven't transfer it to fixed assets, how to write off the AUC, (we want to completely write off this AUC, because the company code which creates this AUC going bankruptcy), I tried ABAON, ABAVN, but this is specific to asset, asset under construction can't be used. any idea? thanks

[Former Member]

Hello

Writeoff let us assume as settlement of an AUC. Create an expense account and an equivalent cost center, In the distribution rules, mention the reciever as the cost center, to enable you to adjust to cost center.Specify the cost element in the account determination to settle this to cost centers.

Rememberas long the assets are aquired in the same fiscal year this works.

Reg

Suresh

[Former Member]

Hi,

Clarity is required regarding how the AUC value has come ? Is it through Internal order or direct posting ?

If it is through Internal order, reverse the settlement through KO88, make FI entry and executive KO88. AUC amount will be zero.

If it is direct posting, either reverse the document or make direct FI entry.

Muralidhar

[madhusoodanan_ramachandra]

Hi,

1) AIAB - Distribute (update a rule with G/L settlement with a GL account for 100%)

AIBU - Settle (Execute settlement)

Or

2)

Posting direct FI entry.

FB01

Debit 40 posting key GL expenses to which you write off,

Credit 75 posting key Asset #

Best Regards,

Madhu

[Former Member]

thanks