on 02-01-2012 4:19 AM
Hi All,
Thanks for bearing for all my queries.
We have charged the "ORD Dep" twice for LOCAL BOOK.
As per Local GAAP, the FY is April to March.....As per US GAAP, it is JAN to DEC.
My user has given the Accumulated Dep for local book from JAN to March which was captured in Current year ORD DEP POSTED field.
Agian the depreciation has been calculated and posted by the system for complete 2011 year.
Now, we need to adjust the Dep to ONLY LOCAL BOOK which was charged twice.
"Accumulated Dep account is a Recon account". Here i need your help
Kindly suggest me the way to do it
Thanks
It was very helpful
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How did you post the depreciation twice? Was it thru Manual entry? If so, what transaction type did you use?
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Experts,
Could you please suggest me best practice to correct the Excess depreciation charged for 3 months for my Local Books?
If i remove the "Recon account" option and post the difference amount with off-setting entry, will it be fine?
Kindly help me
Thanks
Edited by: nkonnipati on Feb 3, 2012 7:05 AM
Dear Friend,
I have 3 books, US GAAP, IFRS, and Local GAAP.
US GAAP and IFRS are fine. There is no problem at all. Only the excess depreciation got posted into Local GAAP.
If ABCO supports me to post the excess dep correction to Local GAAP ONLY, i am really haapy to proceed
Kindly suggest me my dear
Thanks
Edited by: nkonnipati on Feb 3, 2012 8:20 AM
Dear Experts,
I have 3 books, US GAAP, IFRS, and Local GAAP.
US GAAP and IFRS are fine. There is no problem at all. Only the excess depreciation got posted into Local GAAP.
If ABCO supports me to post the excess dep correction to Local GAAP ONLY, i am really haapy to proceed
Kindly suggest me the best way
Thanks
Dear nkonnipati
1.Create a saperate trasaction type with Z101,
2.Later you can limit it only to Depreciation Area 65
Path- Asset accounting - transactions-acqusitions-Define transaction type for aqusition
take second one limit trasaction types to depreciation area - here you can limit
select your transaction type double click on depreciation area specifications - here you can give your depreciation area 65 (click on new entries)
3. next you can try via ABCO or ABSO
Regards
Shankar
Narasimha,
My advise to you is, not to post journal entries directly to the Accumulated recon account unless you have some difference between the subledger (Asset accounts) and ledger (accu depr account).
If there are accumulated depreciation in the previous fiscal year, you can post a write up entry after creating a new transaction type as said by sankar in the earlier threads. Use transaction code ABZP.
Dear Friends,
Once again with a new query
I need the Transaction type to copy and make my own for one depreciation area to adjust the Accumulated depreciation which was excessly posted for previous year.
Depreciation Area 65 has to be adjusted -
Ex: Actual Acc. dep. was 5000, by mistake it was posted as 6500. The year has been closed. Now i need to write off the excess dep. charged.
1. TType to adjust the Accumulated depreciation for previous year (Write-up excess depreciation)
2. Can i achive Write up the excess depreciation through ABSO?
Please advise me
Thanks
Hi ,
Go to T.code: OAMK And select your company code and click on Change Control of Reconciliation Accounts and click on Delete Reconciliation ind. for all accts button and save and post the entries and go back the OAMK and Set Reconciliation ind. for all accts and save
Thanks,
Raviteja
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Experts,
Could you please suggest me best practice to correct the Excess depreciation charged for 3 months for my Local Books?
If i remove the "Recon account" option and post the difference amount with off-setting entry, will it be fine?
Kindly help me
Thanks
Edited by: nkonnipati on Feb 3, 2012 7:05 AM
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