asset procurment through mm

[Former Member]

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hi,

can any body help me out how to go head for asset procurment in cluding erection chrges like contractor charges ,

installation charges , additional parts ,how this costs are to be taken into consideration if any body sends a step by step process i am very thankful

with regards,

jayaprakash

[Former Member]

Hi Jayaprakash

The simple way is create a Internal Order, capture all the expenses with respect

to the asset and settle the IO to Asset, once you decide to capitalise the asset.

Also create the Asset under AUC, so that once the captilisation date is finalised you can settle the AUC to Final Fixed asset.

Regarding procurment through MM, you can create a PO with account assignment "A", which requires asset. Normally AA Category "A" would be non valuated, means no accounting document would be generated while doing MIGO, the value would get posted to Asset when you do the Invoice Verification.

I hope above would help you to certain extent.

Regards

Chandrasekaran A