INTRODUCTION

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

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  1. 2. Specify Description of Chart of Depreciation

Change the name as per your requirement.

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3. Copy/Delete Depreciation Areas

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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%)

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5. Assign Chart of Depreciation to company code


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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.

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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.


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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.

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For Example:

01

2013

2100000000

2199999999

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.

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Double Click on Asset Class and assign Account determination, Screen layout to Asset Class and Number Range.

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11. Assign G/L Accounts


In this step you assign the balance sheet accounts and the depreciation

accounts for Asset accounting.

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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.

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13. Specify Document Type for Posting of Depreciation


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7 Comments

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  1. Ranu Eugene

    Hi Jazib,

    Great work and great effort.

    Very good document and very helpful.

    Keep up the good work 🙂

    Best of Luck 🙂

    Regards

    Eugene

    (0) 

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