Legacy Asset Master upload

[Former Member]

Hi,

I am in a implimentation project where i am trying to upload legacy Assets. Client is follwing Jan - Dec calender. We are uploding Assets as on 01.04.2011

I have done below configuration.

1. Take-over-date: 31.12.2010

2. Last Period of Posting (OAYC) is 31.03.2011

Now i am uploading Assets through AS91. My question is:

1. Are the dates i have mentioned above are correct?

2. In Asset Master in Dep. Area Tab what date for Ordinary Depriciation Start date shall i mention, is it 01.04.2011 or Asset Capitalization Date or any other date. i am totally confused.Appriciate if you can explain about this field.

Spandana

[ajaycwa1981 · Accepted solution]

Hi

Yes, you can have Take over date as 31/12.. But will be a futile exercise... you will have to upload the transactions from Jan-Apr using F-90 one by one

When your client has given you balances as of 31/03/2011, why you want to upload balances as of 31.12.2010.... If you choose, 31.12.2010, then your vendor balance upload also has to be as of 31.12.2010

My sincere suggestion would be to use 31.03.11 instead of 31.12.10

br, Ajay M

[Former Member · Accepted solution]

Hi Ajay,

Thanks for your reply,

ok i will consider Take over date as 31.03.2011 and last period of posting is also 03.2011

and post the GL values as on 01.04.2011 through OASV according to the Asset Class.

Is there anything else need to be done. You have mentioned about Vendor Balances . if i use above dates do i need not to do those Vendor balances?

Thanks in advance.

[ajaycwa1981 · Accepted solution]

Hi

Yes, you have got it right....

You can upload vendir and all other balances as on 31/03 /11

br, Ajay M

[ajaycwa1981]

Hi

Yes, you can have Take over date as 31/12.. But will be a futile exercise... you will have to upload the transactions from Jan-Apr using F-90 one by one

When your client has given you balances as of 31/03/2011, why you want to upload balances as of 31.12.2010.... If you choose, 31.12.2010, then your vendor balance upload also has to be as of 31.12.2010

My sincere suggestion would be to use 31.03.11 instead of 31.12.10

br, Ajay M

[ajaycwa1981]

Hi

Yes, you can have Take over date as 31/12.. But will be a futile exercise... you will have to upload the transactions from Jan-Apr using F-90 one by one

When your client has given you balances as of 31/03/2011, why you want to upload balances as of 31.12.2010.... If you choose, 31.12.2010, then your vendor balance upload also has to be as of 31.12.2010

My sincere suggestion would be to use 31.03.11 instead of 31.12.10

br, Ajay M

[ajaycwa1981]

Hi

Yes, you can have Take over date as 31/12.. But will be a futile exercise... you will have to upload the transactions from Jan-Apr using F-90 one by one

When your client has given you balances as of 31/03/2011, why you want to upload balances as of 31.12.2010.... If you choose, 31.12.2010, then your vendor balance upload also has to be as of 31.12.2010

My sincere suggestion would be to use 31.03.11 instead of 31.12.10

br, Ajay M

[Former Member]

Hi Spandana,

It is recommended that the Takeover date should also be 31.12.2010 and the depreciation start date should be your capitalization date.

Regards,

Surendra.

[Former Member]

HI

Your take over date should be 31.12.2010

Satish

[ajaycwa1981]

Hi

I FULLY agree with the above reply....

1. Your take over date should be 31.03.2011 or your Last Dep posting period should be changed to 31/12/2010

You cant take over asset APC as of 31.12.2010 and Specify last dep posted as 03/2011

2. Your Asset Start date must not be changed.... It should be the date on which the asset was capitalized in the legacy system

br, Ajay M

[Former Member]

Dear Spandana,

It is recommended that the Takeover date should also be 31.03.2011 and the depreciation start date should be your capitalization date.

Best Regards,

Anss Shahid Essani