Assets Legacy Data Migration at mid-year

[Former Member]

Dear experts,

we are migrating the assets data in the middle of the fiscal year on 30.06.2014. The asset acquisition value and accumulated depr. are migrating as-is by 31.12.2013. There are few assets that were sold in March. How is it correct to migrate them?

Example:

asset acquisition value on 31.12.2013 --> 1000

accumulated depreciation on 31.12.2013 --> 800

Deactivation date: 06.03.2014 (sale date)

From 31.12.2013 up to sale date 06.03.2014 there was accumulated the depreciation of 130 (example). Where should I migrate this depreciation?

The system doesn't consider this asset during the AFAB launch.

Thanks

[narasimhulu_konnipati · Accepted solution]

While migrating assets, you can migrate these assets which the NBV is zero to show them in the Asset register. The process is same as AS91.

If this is a current year asset, then you will have to migrate this through AS91 - Uisng Transaction type 100 along with Acq. value, Acc. Dep and Ordinary depreciation.

In OASV, the asset acquisition GL gets 1000 Debit and Accumulated Dep / Ordinary depreciation accounts gets 1000 Credit.

Let us know if you need any further help,.

[Former Member · Accepted solution]

Thank you for your help.

We have done as suggested in order to have an evidence of the asset in the register.

Regards,

i