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Reply from shaiq shah on Sep 26 at 11:03 PM Sunny,
You need to upload legacy assets thru AS91, this will take care of sub
ledger. Now to reconcile your sub ledger with GL, you need to move the
balances from manual APC account/Depreciation account to reconciliation
accounts thru posting a transfer journal. You can use OASV to update the
reconciliation accounts and GL should be in sync with sub ledger.
Regards
| | | ---------------Original Message---------------
From: Sunny
Sent: Friday, September 26, 2014 1:12 PM
Subject: Asset Legacy Data Issue
Hello Experts,
I am working on a project and I am stuck with Fixed Asset Legacy Data Conversion. I know it is long message but I will really appreciate anybody's input in this complicated situation.
The client is using SAP for last 6 years and for some reason they were calculating depreciation on the side in Excel and were posting entries to the depreciation and accumulated depreciation accounts manually. They also have acquisition accounts and they have been posting into these accounts as they buy new assets. In other words, they've never used AFAB or F-90 OR AW01N.
I have configured the Asset Accounting for new assets with new GL accounts for all of the asset classes and it is working fine but I am confused how I should move Legacy Data in FI. I am thinking that it will double the postings as acquisition, depreciations and accumulated depreciations are already in the system.
How should I tackle this situation?
Should I go ahead and just post AS91 for these legacy assets without OASV FI entry? The system will start calculating Depreciation going forward for Legacy Assets through AFAB by per asset.
Or should I go ahead and post AS91 for these legacy assets with OASV FI entry and then block these takeover accounts for any other postings?
The Takeover accounts will have the difference of Asset Acquisition Cost and Accumulated Depreciation as of Transfer Date after the following GL entry per asset class
Furniture (Acquisition Cost) DR $1000
Asset Takeover Account (Balance Sheet Account) CR $1000
Asset Takeover Account (Balance Sheet Account) DR $600
Accumulated Depreciation – Furniture CR $600
Please let me know the best solution and I will really appreciate your help.
Sunny |
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