Asset accounting module in SAP manages fixed assets data of an
organization by way of asset master records. Asset accounting module thus
acts as a sub ledger to the FI module for managing asset records.
You must assign a chart of depreciation to each company code that is defined
in Asset Accounting. SAP provides country-specific charts of depreciation with
predefined depreciation areas. These charts of depreciation serve only as a
reference for creating your own charts of depreciation, and are therefore not
directly accessible in the SAP system. When creating a chart of depreciation,
you have to copy the reference chart of depreciation.
Copy Reference Chart of Depreciation/Depreciation areas
- 2. Specify Description of Chart of Depreciation
Change the name as per your requirement.
3. Copy/Delete Depreciation Areas
4. Assign Input Tax Indicator for Non-Taxable Acquisitions
In this step, you specify an input tax indicator per company code. The system
then uses this indicator when you post acquisitions that are not subject to tax,
but which are posted to accounts that are tax-relevant.
Assign input tax indicator Z1 (Input tax 0%)
Assign output tax indicator Y3 (output tax 0%)
5. Assign Chart of Depreciation to company code
7. Specify Account Determination
The key of an account determination must be stored in the asset class. The
account determination links an asset master record to the general ledger
accounts to be posted for an accounting transaction using the asset class.
8. Create Screen Layout Rules
In this step, you create only the keys and descriptions of the screen layout
controls. You define the field group rules for the screen layouts themselves in
the step Master data.
9. Define Number Range Interval
Number range interval is required for the main asset number for the company
code. Normally we should specify internal number ranges for assets. The
number range key is then assigned to each of the asset class.
10. Define Asset Classes
The asset class is the most important criteria for structuring fixed assets from
an accounting point of view. Every asset has to be assigned to exactly one
asset class. The asset class is used to assign the assets (and their business
transactions) to the correct general ledger accounts. Several asset classes
can use the same account assignment.
Double Click on Asset Class and assign Account determination, Screen layout to Asset Class and Number Range.
11. Assign G/L Accounts
In this step you assign the balance sheet accounts and the depreciation
accounts for Asset accounting.
12. Specify Financial Statement Version for Asset Reports
You specify which financial statement version the system is to use as a
default per depreciation area. This default applies when the financial
statement version is contained in the sort version used for a given report.
Select company code xxxx.
13. Specify Document Type for Posting of Depreciation