ASSET ACCOUNTING
CONFIGURATION STEPS
1. Copy reference chart of depreciation
Give chart of depreciation your company code enter and save.
Go back 1 step
Double click on 2nd line
Click on position give chart of depreciation enter
Change the des as macimun valuation for ur company.
Enter and save and go back 1 step
Double click on copy/delete chart of depreciation.
Give chart of depreciation, enter
Select all dep areas except book depreciation clik on delete
Net book value : all values allowed
Acquisition value : all values allowed
Enter and save.
2. Step:
Assign tax codes for non taxable transactions
Click on position give company code, enter, give input tax V0, output
tax A0 enter, enter and save.
3. Step
Assign chart of depreciaton to company code
Click on position give chart of depreciation, enter, assign chart of
depreciation.enter and save.
4. Step
Specify account determination
Click on new entries
Give account determination and description.
Enter and save.
5. Step
Create screen layout rule.
(Path is same)
Select 2000 click on copy as
Give your own rule enter and save.
6.step
Define number range interval
Path is same
Give company code click on intervals , click on interval, give no 01,
frm nuumber 1 to number 100 enter and save.
7.step
Define asset classes
Path is same.
Click on new entries,
Give asset class, description, account deternination , screen layout
rule, number range interval.enter and save.
8. step
Create 7 G/L accounts:
A . Machinery a/c
a/c group: assets
sht text : machinery long text: machinery a/c
Recon.acct type: Assets
Tick line item display sort key : 018
Field status group; G067
Enter and save.
B. Sale of an asset
a/c group: incomes
sht text : sale of an asset long text:sale of an asset a/c
Tick line item display sort key : 001
Field status grp: G052
Enter and save.
C. Profit on asset
a/c group: incomes
sht text : Profit on asset long text:profit on asset a/c
Tick line item display sort key : 001
Field status grp: G001
Enter and save.
D. Loss on asset:
a/c group: expenses
sht text : loss on asset long text loss on asset a/c
Tick line item display sort key : 001
Field status grp: G001
Enter and save.
E. Scrap a/c
a/c group: Expenses
sht text : Scrap long text: Scrap a/c
Tick line item display sort key : 001
Field status grp: G001
Enter and save.
F. Depreciation a/c
a/c group: Liabilities
sht text : Depreciation long text: Depreciation a/c
Re con.acct type: assets
Tick line item display sort key : 018
Field status grp: G067
Enter and save.
G. Accumulated depreciation a/c
a/c group: Liabilities
sht text : Accumulated Depreciation long text: accumulated
Depreciation a/c
Re con.acct type: assets
Tick line item display sort key : 018
Field status grp: G067
Enter and save.
9. step:
Assign gl accounts
Give the chart of depreciation enter
Select chart of depreciation , double click on account determination,
select account detemination click on balance sheet ;a/cs
Enter , double click on depreciation a/cs
Give the a/cs enter and save.
10.step
Define maximum amount method
Click on new entries give max amt (any name)
Enter save select method created double click on max amounts
New entries
Enter, enter save.
11.step
Define multi level methods path is same
New entries
Give details enter and save
Double click on levels
Enter and save.
12.step
Maintain period control methods. path is same
New entries
Enter and save.
13.step
Set chart of depreciation
Give chart of depreciation enter.you will get a msg on status bar
14.step
Specify max amt for low value assets
Double click on 1st line
Select ur asset class click on low value assset chek give value 0.
Enter and save.
15.step
Specify rounding of net book values. Path is same.
Click on position, give company code. Select company code click on
rounding specifications
Enter and save.
16.step
Specify account assignment types for account assignment objexts
Click on position
Give company code
Select company code click on depreciation areas select book
depreciatrion click onaccount assignment objects click on new entries]
Enter and save.
17.step
Maintain depreciation key
Click on new entries
Enter , double click on assignment of calculation methods
New entries
Enter go back 4 steps select depreciation key created click on activate.
Enter and save.
18.step
Determine depreciation areas in the asset class
Click on position give asset class
Select asset class click on depreciation areas
New entries
Enter and save.
ENDUSER AREA:
1. Create asset (AS01)
Give asset class, company code
Enter
Click on time dependent tab
Give business area
Click on depreciation areas tab
