Asset Accounting Overview: Asset Accounting is an important module in SAP and manages assets of an organisation by master records. Asset accounting is a . The first € price and the £ and $ price are net prices, subject to local VAT. Prices indicated with * include VAT for books; the €(D) includes 7% for. Germany, the. Asset Accounting Configuration. The Asset Accounting module. 1. Organizational structures. In this section, you define the features of the Asset Accounting.

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In addition, you also have the feature Takeover values where you enter the Acquisition and Production costs and the accumulated depreciation values for the different depreciation areas.

Depreciation keys contain the calculation methods for depreciation calculation and parameters that control: A Table purchased may be booked as a individual asset linked to an asset class “Furniture”.

In other words, classification of fixed assets for balance sheet disclosure purposes becomes easy. Here check all the accounts that will be affected It will be take over value and the accum depreciation and save. Permalink Nov 29, But they are subject to wear and tear, and to provide for this we need to depreciate them. Created by Guestlast modified by Nathan Genez on Oct 12, Each company code defined in Asset Accounting must refer to a chart of depreciation.


In the Asset Accounting Module, we can categorize individual fixed assets into asset classes, and thus we can meet this requirement. AS91 The procedure is the same as in Create asset.

A t tachments 0 Page History. Asset inherits account determination key from asset class.

Asset accounting configuration needed in sap – sap concept hub

The settlement profile is applicable to assets under construction. Data transfer from a legacy system is usually the first activity that you need to perform in on new production system after configuration and asset classification.

This will be applicable only if you have different group currency else forget this step. Each chart of depreciation contains the rules for the evaluation of assets that are valid in a specific country or economic area.

We can give settlement profile 10 to enable settlement to all receivers. This facility of settlement is provided by the Asset accounting module. SAP provides country-specific charts of depreciation with predefined depreciation areas. The asset accounting module in SAP is one where the assft pertaining to fixed assets is done.

Screenshot showing how to deactivate depreciation area in asset class T code: This configuratoon the problem that you are facing. Close the year in the asset transaction Reset Reconciliation account in production transfer settings. From company code, chart of depreciation is picked which in turn leads to determination of depreciation areas.


For this, in the production startup in the earlier mentioned spro path, click on the set reconciliation account and run it for all the applicable company codes Run the new year opening in the asset accounting.

If needed, an asset class can be vonfiguration in any particular depreciation area. We configure the account assignment objects that can be posted based on: For the asset class, useful life and depreciation key is defined in depreciation area. Based upon screen layout, asset master input fields are either required or optional or suppressed. Asset class controls asset master data.


From asset configuratjon, system picks screen layout. Chart of depreciation has list of depreciation areas depending upon the accounting requirement. All these configuration settings has been discussed below: In addition to the manual transaction, there are three more methods for transferring legacy data automatically: We specify if the period for depreciation posting in the run is monthly, bi-monthly, quarterly etc.