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We specify if the period for depreciation posting in the run is monthly, bi-monthly, quarterly etc. In the Asset Accounting Module, we can categorize individual fixed assets into asset classes, and thus we can meet this requirement. Land, Plant and Machinery etc. Each company code defined in Asset Accounting must refer to a chart of depreciation. As given earlier, companies are required to classify their assets in the balance sheet into different broad heads, and asset classes may be created to suit these.
Asset classes are the most important structuring elements for fixed assets.
Asset Accounting Configuration in SAP ERP: A Step-by-Step Guide
Here we give the accounting document type to be used in depreciation postings, for the company code. This includes setting up the organization structure, defining the depreciation areas, creating the different asset classes, account assignment, defining depreciation keys and so on.
Cnfiguration of depreciation has list of depreciation areas depending upon the accounting requirement. Created by Guestlast modified by Nathan Genez on Oct 12, Screenshot showing parameters maintained in asset class T code: Here we can define how the controlling area posting of cost required for each asset transaction type.
These values are defaulted whenever postings to assets of these classes is done. Asset class controls asset master data.
Asset accounting configuration needed in sap
All these configuration settings has been discussed below: From asset class, system picks screen layout. Screenshot showing how to deactivate depreciation area in asset class T code: For creating asset master T code: SAP provides country-specific charts of depreciation with predefined depreciation areas.
Company code is assigned to chart of depreciation. In other words, classification of fixed assets for balance sheet disclosure purposes becomes easy. A chart of depreciation is a directory of depreciation areas arranged according to business requirements. We configure the account assignment objects that can be posted based on: When assst run is executed, depreciation amount is calculated from APC value, useful life and depreciation key.
You can use them to structure your fixed assets according to different criteria. A Table purchased may be booked as a individual asset linked to an asset class “Furniture”. Individual assets must compulsorily be assigned to an asset ec6 at time of creating them, e. The settlement profile includes settings on the allowed receivers of the settlement.
Asset Accounting Configuration in SAP ERP: A Step-by-Step Guide [Book]
Based on asset classes, we also assign the account assignment for various transactions pertaining to that asset class. AS01we need to input asset class and company code. Copy reference Chart of Depreciation: These include transactions like acquisition of fixed assets, sale of fixed assets, in-house development of assets, settlement of WIP, and accounting for depreciation on fixed assets and so on. The Asset Accounting Module enables such calculation of depreciation we can create depreciation keys where we give the rate of depreciation.
Asset inherits account determination key from asset class. When you create your own chart of depreciation, you must copy a reference chart of depreciation. For the asset class, useful life and depreciation key is defined in depreciation area. Here, asset classes are assigned default values for the depreciation key and useful life.
Asset accounting configuration needed in sap – sap concept hub
You can define any number of asset classes in the system. Asset master is created with asset number picked from number range assigned to asset class. The asset accounting module in SAP is one where the accounting pertaining to fixed assets is done.
This facility of settlement is provided by the Asset accounting module. Usually this is the book depreciation area Screen Layout rules are created to make it easier to maintain the asset master data as the asset master contains a large number fi,etype fields which are used for different purposes.