Asset Purchase Order

[Former Member]

Hi Guys,

I have a doubt. If i create a PO with A/c Assignment category as ASSET, whether valuation will happen??Please explain me this scenario.

Also please let me know whether valuation will be there for other A/c assignment categories

Thanks,

Pallu Tillu

[Former Member]

thanks guys

[former_member335885]

HI,

Check this link, you will get the flow chart of the process flow of asset cycle.

http://www3.ntu.edu.sg/finance2/purchasing/sap%20procurement%20process%20flow.doc

In Brief -

Hi,

Use Transaction, AS01 - Create Asset Master (Take help of FI Person here)

1. ME21N - Create PO (Use Account Assignment Category as "A" - Asset)

Under "Account Assignment" Tab, enter Asset Master, Asset GL Account will get determined from the Asset Account Determination (Not from OBYC)

2. MIGO - GR for PO

Here Accounting Entry will be

(Asset Account Determination) Asset GL Account - Dr

(OBYC - WRX) GR/IR Clearing A/c - Cr

3. MIRO - LIV against PO

Vendor A/c - Cr

GR/IR Clearing A/c - Dr

Thanks & Regards,

Kiran

[former_member529134]

Hello

Valuation will not happen for Account assignment category 'A'.

As Capital goods are posted to separate Asset accounts that why we need to create Capital goods PO as account assigned PO with "A" as account category category.

At the time of MIRO for account assignment category 'A'

the entries falling will be

Credit : Vendor acct

Debit : Asset acct.