Download this free SAP FICO Configuration Guide, pdf material from Payable 9 Accounts Receivable 10 Asset Accounting ; 2. Asset Management – Overall Logical Architecture. S/4HANA SAP EAM Plant Maintenance Improvements: Counting . Release: ECC EhP7 SP08 ability to configure the layout of Invoice mgmt. and Accounts payable. Concatenate XML file type JAVA versions. Also a summary description of the configuration made for the programs to work, is .. b) For 20 years, for construction or purchasing a real estate assets, or for transforming o The solution is provided for SAP Add-on component Core as of release ECC To get a.
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Asset accounting configuration needed in sap – sap concept hub
As given earlier, companies are required to classify their assets in the balance sheet into different broad heads, and asset classes may be created ecc66 suit these. Here we can define how the controlling area posting of cost required for each asset transaction type. Asset class controls asset master data.
Based upon screen layout, sao master input fields are either required or optional or suppressed Once input fields in asset master are filled, click on the accountinb button. The settlement profile is applicable to assets under construction. These charts of depreciation are only references for customer charts of depreciation and therefore, cannot be used directly.
This default applies when the financial statement version is contained in the sort version used for a given report.
These values are defaulted whenever postings to assets of these classes is done. Based on asset classes, we also assign the account assignment for various transactions pertaining to acocunting asset class. The settlement profile includes settings on the allowed receivers of the settlement. All these configuration settings has been discussed below: Based upon screen layout, asset master input fields are either required or optional or suppressed.
Usually this is the book depreciation area In the Asset Accounting Module, we can categorize individual fixed assets into asset classes, and thus we can meet this requirement.
This includes setting up the organization structure, defining the depreciation areas, creating the different asset classes, account assignment, defining depreciation keys and so on. We specify if the period for depreciation posting in the run is monthly, bi-monthly, quarterly etc.
Some of these characteristics of fixed assets which necessitate a separate Asset accounting module, are given below: Here we specify the depreciation areas for which the depreciation is posted to the general ledger during the depreciation run. Permalink Nov 29, Copy reference Chart of Depreciation: The Asset Accounting Module enables such calculation of depreciation we can create depreciation keys where we give the rate of depreciation.
Asset number, GL accounts, screen layouts are derived from asset class. Let’s understand the configuration needed for asset accounting in very simple terms with the help of example. Depreciation keys contain the calculation methods for depreciation calculation and parameters that control: You can assign several asset classes to the same account determination key. Each company code defined in Asset Accounting must afcounting to a chart of depreciation.
This link is created connfiguration the account determination key in each asset class. Chart of depreciation has list of depreciation areas depending upon the accounting requirement.
Asset Accounting Configuration Steps in SAP | Asset Accounting FICO
Here, asset classes are assigned default values for the depreciation key and useful life. SAP provides country-specific charts of depreciation with predefined depreciation areas. Asset picks useful life and depreciation key for each depreciation area from depreciation area and asset class combination. A t tachments 0 Page History.
Screen Layout rules are created to make it easier to maintain the asset master data as the asset master contains a large number of fields which are used for different purposes.
But they are subject to wear and tear, and to provide for this we need to depreciate them. Company code is assigned to chart of depreciation. From asset class, system picks screen layout. We configure the configuratoon assignment objects that can be posted based on: Created by Guestlast modified by Nathan Genez on Oct 12, A Table purchased may be booked as a individual asset linked to an asset class “Furniture”. We can give settlement profile 10 to enable settlement to all receivers.
Screenshot showing parameters maintained in asset class T code: When an accounting document is generated for asset transaction, GL accounts for accounting document are picked from account determination key. WelcomeGuest Login Register. Further it provides default depreciation keys xccounting creating the master data.
Screenshot showing how to deactivate depreciation area in asset class T code: SAP can post the APC transactions of one depreciation area to the general ledger online automatically. When depreciation run is executed, depreciation amount is calculated from APC value, useful life and depreciation key. This facility of settlement is provided by the Asset accounting module.
Could you please add corresponding tables as well, this will really help when people are doing support or projects. When you assign a Chart of Depreciation, you assign a Company code for asset accounting. Individual assets must compulsorily be assigned to an asset class at time of creating them, e.
I hope this will help the readers with the basic settings required for configuring Asset Accounting in SAP 6. Calculated depreciation amount is posted to accounts which are assigned to account determination key.
You can change the definition of the depreciation areas that were copied from the standard depreciation plan, and add additional depreciation areas if required: The asset accounting module in SAP is one where the accounting pertaining to fixed assets is done. Such feature is not there in the normal GL Accounting. Asset master is created with asset number picked from number range assigned to asset class.