Hi
Functionally similar assets can be grouped together and the group is called
an Asset Class. This helps you to colonize all your assets into few asset
groups.
As rightly said by Patrick, try OAOA and do an account determination for
each such class. This would help in assigning the same General Ledger
Accounts to each class of asset ( which essentially means every asset in
that class ). But make sure that you have created G L accounts for Asset
Acquisition (recon account ) , Accumulated Depreciation (recon account),
Asset Retirement , Asset Transfer, Asset Revaluation etc.. These are
essentially balance sheet accounts. Then you proceed to create General
Ledger Accounts for Depreciation ( Planned, Unplanned and for tax purposes
), Losses, Gains etc which are profit and loss accounts. You can create a
set of all the said accounts per asset class and you may have to create
multiple sets for each asset class if you are planning to use more
depreciation areas.
The account determination helps you converge the accounting impact of all
assets (in the subledger and belonging to an asset class ) to a few General
Ledger accounts via the asset class.
This helps you prune the size of the multitude of assets you work with in
the subledger to be accommodated into few sets of General Ledger Accounts (
this happens via creation of asset classes and assigning an account
determination key to each class thereby assigning the related G L accounts
for each asset related activity you wish to perform).
Regards
VidhyaDhar
On Sun, Jul 11, 2010 at 8:52 PM, Patrick_V via sap-acct <
sap-acct@groups.ittoolbox.com> wrote:
> Posted by Patrick_V
> on Jul 11 at 11:20 AM Hello
> Gbenga,
>
> In OAOA, you define the account determination key in the asset class
> customizing.
> Then in AO90, you assign the GL account number to the account determination
> key.
>
> This way, you can have a complex asset organization in AA module, by
> creating as many asset classes as required. But several asset classes can
> share the same determination key, or have a different determination key but
> use almost the same GL accounts (example : same asset account, different
> depreciation account).
> Thus you'll use only a limited number of GL accounts.
>
> However, if your client insists to have the complex asset structure
> replicated in FI (and not only in AA), then you'll have no other option than
> to configure account determination for these 200 GL accounts.
>
> Hope this helps,
>
> Patrick
>
> ---------------Original Message---------------
> From: Maxwelly
> Sent: Friday, July 09, 2010 3:35 PM
> Subject: Structuring Asset Master Record
>
> > Hi gurus,
> >
> > I am having problem with structuring my client asset master record.What
> is the best way or the basis to structure an asset?My client presently have
> over 200 GLs for Assets(Oil and Gas Industry) and it will not be nice
> putting all these as Asset Class and GL will not be neat.
> > How can I structure the asset in configure and the migrating legacy data?
>
> >
> > Thanks
| __.____._ Copyright © 2010 Toolbox.com and message author.
Toolbox.com 4343 N. Scottsdale Road Suite 280, Scottsdale, AZ 85251
| |  VidhyaDhar
SAP Accounting Helper
Posted helpful replies on 5 threads in a group to earn a Bronze Achievement _.____.__ |
Mark as helpful
