Asset Migration during fiscal year

[Former Member]

Hi,

Could anyone please tell me what are the steps needed to complete if we migrate our fixed assets during fiscal year as compared to start of new fi8scal year.Anyone if could explain the tax depreciation steps to configure tax dep.area.Thanks

Regards

Shaun

[Former Member · Accepted solution]

Maverick,

Please read SAP help on the following link. It will help you understand the steps to be undertaken for a mid-year asset transfer. Please read everything under the section 'Legacy Data Transfer'.

http://help.sap.com/saphelp_erp2004/helpdata/en/4f/71e327448011d189f00000e81ddfac/content.htm

This would be definitely helpful for you. Regarding the tax depreciation, it really depends on which country you are implementing it for. SAP provides standard templates for Chart of depreciation for various countries. I would suggest you to copy one of the charts of depreciation as per your country and save it in your own key name space.

You can post a message if you need more help on this same thread.

Regards,

Vishal.

[Former Member · Accepted solution]

Thanks Vishal for your answer.

Regards

Shaun

[former_member601419]

Hi,

Mid year transfer is slightly different from a end of year conversion. You need to enter your legacy transfer date eg 6/1/2009. When you load Asset balances you would load accumulated depreciation and acquistition value as of 12/31/2008 in AS91, then you would enter all current year transactions eg acquisitions during 09, retirements etc in the takeover value screen. You also need to enter the proportional values here.

Your tax depreciation rules should come from the tax department eg should it allow bonus depreciation or not, Depreciation is not posted and is only calcualted for tax areas. Majority of your work would be in configuring dep keys to meet the tax requirements.

Regards,

Zaid