Re: [sap-acct] Asset Sold - SAP FI
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 | Posted by Vidhyadhar (Mr.) on Feb 20 at 11:30 PM |  Mark as helpful |
Hi
It is customary that asset values (APR) is configured to accept zero and
postitive values only. It is perfectly logical. is it not.....? Can you ever
own an asset with negative value ? Generally, an asset t should contain
value (> 0.00 monetary value) or zero value (fully depreciated asset and the
entire cost expired).
If your problem has something to do with book depreciation area, it would be
better not to tinker with the configuration (though you may configure so
that asset values can be forced to contain negative values...It is generally
used for special occasions where the cost accountant would have some
requirements to value an asset which is functional beyond the expected
useful life of the asset ....... However, from the accounting point of view,
it is absurd to assgin negative values to an asset....).
While doing asset retirement, you can account your revenue from sale of such
asset and any extra amount which you earn would be treated as prrofit from
sale of asset. The system makes adjustments for depreciation , accumulated
depreciation and APC on prorata basis depending on the usage period. Any
extra income collectible fro your customer would be reflected as profit from
sale of asset. Please note that you can also incur a loss in such a
transaction....
Moreover, Sale of fixed asset is non-operating activity and therefore is
shown in SAP below the books as a note to Financial Statements.
When you post the asset retirement , make sure that you use 50 as posting
key for accounting the sale of asset (and it may be a complete or part
retirement) and the system would automatically transfer the extra income
(over and above the net book value) as profit. (Of course, I am assuming
that your acccount determination configuration has been done correctly).
Try it out and let me know.
Should you observe anything more, please share it with me.
Regards
VidhyaDhar
Try it out and
On 2/20/10, platobose via sap-acct <sap-acct@groups.ittoolbox.com> wrote:
>
> Posted by platobose(FICO consultant)
> on Feb 20 at 11:06 AM
> Hello,
> please check in master data of the asset & click the negative value option
>
> On Thu, Feb 18, 2010 at 4:03 PM, chanderssvijay via sap-acct <
> sap-acct@groups.ittoolbox.com> wrote:
> > Posted by chanderssvijay
> > on Feb 18 at 10:11 AM
> > Hi Experts,
> > I am facing a problem in posting Entry thru F-92 (retirement with
> > Customer), when Asset value is more than the Asset value sold than how
> this
> > entry will flow as it is not accepting Negative Value.
> > Pl Suggest
> > Thanks
__.____._ It is customary that asset values (APR) is configured to accept zero and
postitive values only. It is perfectly logical. is it not.....? Can you ever
own an asset with negative value ? Generally, an asset t should contain
value (> 0.00 monetary value) or zero value (fully depreciated asset and the
entire cost expired).
If your problem has something to do with book depreciation area, it would be
better not to tinker with the configuration (though you may configure so
that asset values can be forced to contain negative values...It is generally
used for special occasions where the cost accountant would have some
requirements to value an asset which is functional beyond the expected
useful life of the asset ....... However, from the accounting point of view,
it is absurd to assgin negative values to an asset....).
While doing asset retirement, you can account your revenue from sale of such
asset and any extra amount which you earn would be treated as prrofit from
sale of asset. The system makes adjustments for depreciation , accumulated
depreciation and APC on prorata basis depending on the usage period. Any
extra income collectible fro your customer would be reflected as profit from
sale of asset. Please note that you can also incur a loss in such a
transaction....
Moreover, Sale of fixed asset is non-operating activity and therefore is
shown in SAP below the books as a note to Financial Statements.
When you post the asset retirement , make sure that you use 50 as posting
key for accounting the sale of asset (and it may be a complete or part
retirement) and the system would automatically transfer the extra income
(over and above the net book value) as profit. (Of course, I am assuming
that your acccount determination configuration has been done correctly).
Try it out and let me know.
Should you observe anything more, please share it with me.
Regards
VidhyaDhar
Try it out and
On 2/20/10, platobose via sap-acct <sap-acct@groups.ittoolbox.com> wrote:
>
> Posted by platobose(FICO consultant)
> on Feb 20 at 11:06 AM
> Hello,
> please check in master data of the asset & click the negative value option
>
> On Thu, Feb 18, 2010 at 4:03 PM, chanderssvijay via sap-acct <
> sap-acct@groups.ittoolbox.com> wrote:
> > Posted by chanderssvijay
> > on Feb 18 at 10:11 AM
> > Hi Experts,
> > I am facing a problem in posting Entry thru F-92 (retirement with
> > Customer), when Asset value is more than the Asset value sold than how
> this
> > entry will flow as it is not accepting Negative Value.
> > Pl Suggest
> > Thanks
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